Megabank, Public Joint-Stock Company

Chairman of the Board - O. Ponomarenko

"Megabank" PLC was registered by the National Bank of Ukraine on October 28, 1991. In its activities the bank follows the Laws of Ukraine: "On Banks and Banking Activities", "On Commercial Companies", "On Securities and Stock Exchange", Civil Code, other legislative acts of Ukraine and normative acts of the National Bank of Ukraine and the Bank Statute as well.

Licenses
Pursuant to the license of the National Bank of Ukraine # 163 (issued on August 31, 2001) "Megabank" PLC under the Statute carries out the following operations:
- Cash-register servicing.
- Forwarding monetary values and collecting monetary funds.
- Running customers' (residents') accounts in the Ukrainian national currency.
- Proper keeping of customers' funds.
- Opening and running accounts of correspondent banks (residents) in the Ukrainian currency.
- Operations of cash execution for local budgets, running budget accounts for clients and accounts of local off-budget funds.
- Attracting and placing credits and deposits at the inter-bank market.
- Crediting for legal and natural entities and financial leasing.
- Factoring.
- Investment in statutory funds of other legal entities.
- Attracting deposits of legal entities.
- Attracting deposits of natural entities.
- Issuing securities.
- Accounts for customers (residents and non-residents) in foreign currencies and for non-resident customers in the Ukrainian national currency.
- Non-commercial operations with currency values.
- Bank correspondent accounts (for residents and non-residents) in a foreign currency.
- Correspondent accounts for non-resident banks in the Ukrainian currency.
- Correspondent accounts in authorized Ukrainian banks in a foreign currency and operations with them.
- Opening correspondent accounts in non-resident banks in foreign currencies and operations with them.
- Attracting and stocking foreign currencies at the Ukrainian monetary market.
- Attracting and stocking foreign currencies at international monetary markets.
- Operations with currency at international markets.
- Financing capital investment on behalf of either owners or supervisors of the invested assets.
- Distributing guarantees, pawns and other obligations for the third persons that foresee their implementation in currency form.
- Purchasing, selling securities and carrying out operations with them.
- Managing monetary assets and securities on behalf customers.
- Purchasing, selling government notes and carrying out operations with them.
- Operations with precious metals at the Ukrainian currency market.

The bank is authorised and licensed to carry out activities at the securities market, namely:
- Activities on issuing and circulation of securities, license issued pursuant to the decision of the governmental committee on securities and stock market, October 22, 2001, #1098 (the license is valid up to October 22, 2004).
- Depository activities of securities holder, issued pursuant to the decision of the gvernmental committee on securities and stock market, April 14, 2001, #114 (the license is valid up to April 21, 2003).

Performance capacities:

All workplaces are equipped with all necessary computing facilities.
"Megabank" PLC operates with "SCROOGE II" licensed software for banking operation automation, "Client-Bank" licensed system, software and hardware complex of the United clearing center etc.
The bank is connected to SWIFT (an international financial message transmitting network), WESTERN UNION payment system, carries out emission and acquiring of cards of the National system of mass electronic payments, and uses Reuters Dealing 3000 dealing and information facilities.

Correspondent Network

Among the main correspondent banks of "Megabank" PLC one can name: Detsche Bank AG (Gemany), Commerzbank AG (Germany), Deutsche Bankers Trust Company Americas (USA), Citibank (USA), Bank Austria, KBC BANK NV (Belgium), MosComPrivatBank (Russia), Savings Bank of the Russian Federation, PriorBank (Belarus), MinskComplexBank (Belarus) etc.

Other Information about the Bank

"Megabank" PLC is one of the first commercial banks in Kharkov and Ukraine. The bank was founded in 1989 as a Limited liability company and registered by the State Bank of the USSR on August 26, 1990 as "Dobrodiy". On October 27, 1995 the bank was renamed into "Megabank" Joint-Stock Bank and on January 2, 2002 into "Megabank" Public Limited Company.
According to the results of the last complex revision implemented by the National Bank of Ukraine using "CAMEL" rating system, "Megabank" received one of the highest rating marks among Ukrainian banks.
The bank determines the following directions of its activities as priority ones:
- Clearance-register servicing;
- Crediting in national and foreign currencies;
- Operations with securities.

During 12 years of operating "Megabank" has become one of the biggest banks of the Kharkov region. As to the amount of net assets for 2002, the bank is referred to "medium banks".

The bank actively participates in carrying out social programs for the region development:
- Financing regional projects on power-, heat- and gas supply;
- Financing construction of the third part of the Kharkov subway;
- Loaning farmers;
- Participation in carrying out a pilot project of the National System of Electronic Payments.

United Payment Center of "Megabank" PLC

"Megabank" PLC is highly experienced in working with residents. Pursuant to the decree of the Head of the Oblast State Administration since 1999 a united system of accounting payments for consumed energy carriers and municipal services is provided by creating the United clearance center in the Kharkov region which enables:
1. The population - to receive a convenient unified system of payment for provided services with the aid of a unified payment bill in any banking establishment and communications enterprises; it also enables payment without filling payment documents in special automated payment receipt offices of "Megabank" PLC; it facilitates acquiring subsidies.
2. Service providers - to shorten costs for processing and accounting payments, obtain information about payers simultaneously with cash transfer.
3. Subsidy departments - an opportunity to automate and accelerate procedure of granting subsidies.
4. Banking establishments and communication service providers, which receive payments from residents - shorten time for processing payment documents and hasten performance of those payments.
5. Local authorities - obtain firsthand and fast information on payment level and residents' indebtedness for the consumed services, take adequate measures against debtors, forecast payments for the consumed services and budget article of expenses for subsidies.

"Megabank" provides quick, reliable and quality servicing for natural persons. The bank won tenders for servicing and opening accounts for who those receive pensions and other social benefits, dole payment, benefits during professional training, retraining or advanced training; one-off dole payments for the unemployed and dependency allowances; funeral allowances for the unemployed or his dependant for the period of 2002-2005. The bank also won competitions for creating regional payment centers on municipal services and power carriers in several Ukrainian regions.

Now the bank has a wide network operating with residents. "Megabank" PLC opened over 50 offices in residential areas of the city in order to facilitate payments for municipal services and providing information on payment state. Those offices are very close to consumers and there they have opportunity to pay for municipal services and receive pension and other allowances. In those offices owners of plastic cards of the National system of mass electronic payments can also receive cash from their running accounts and pay for services and commodities by cashless settlement.