WASHINGTON, D.C. - Bank Kontrakt, Kyiv, Ukraine, an independent bank focusing on the development of small and medium business, has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the USUBC executive committee announced today. The announcement was made on behalf of the entire USUBC membership of over 190 companies and organizations who have business operations, investments or other development programs in Ukraine.

"Kontrakt" is an open and transparent bank that has been operating steadily on the banking market of Ukraine since 1993. The bank’s priority activity is the development of small and medium business segments. "Kontrakt" does not depend on international groups and political forces, that’s why it is less subjected to the influence of external economic and political impacts, unlike other banks, keeping its own reliability and stability.

"Kontrakt" offers its customers a number of advantages that allow to carry out more predictable and prosperous business activities. "Kontrakt" is the bank where each customer has a possibility to cooperate with top-level managers. The bank helps its customers to achieve set goals using efficient financial instruments and knowledge of the leading experts of the bank.

The modest size of the bank "Kontrakt" allows to work efficiently keeping tempo in financial operations performance and decision making, providing individual services aimed at individual demands of the bank customers. The main banking office of the Kontrakt Bank is 58 Vozdvizhenskaya Str., Kyiv city, Kyiv district: Podolskiy.

Bank Kontrakt has developed and provided factoring services in Ukraine since 2005. One of its main business segments focuses on matching up debt between suppliers and network retailers. Although located in Kiev it offers these services throughout Ukraine.

DAVID HOLPERT, PRESIDENT

David Holpert is President of Bank Kontrakt. David is a lawyer, CPA and businessman from Chicago, Illinois, and has been actively doing business in Ukraine for over 18 years. He was born in far western Ukraine near the Hungarian border. For over 15 years David was one of the managing partners and CFO of the WJ Group, a large agricultural business with major operations in Ukraine, Moldova, Russia and other countries.

The WJ Group was a member of USUBC for six years and David represented them on the USUBC board of directors. David has been strong supporter of USUBC and active in USUBC activities. The WJ Group was sold in 2011. David previously worked for the ABN AMRO Bank and helped set up their subsidiary in Russia in the early 1990's.

ALLA KOMISARENKO, CHAIRMAN OF THE BOARD

Alla Komisarenko is Chairman of the Board of Bank Kontrakt. Education: Kyiv National Economic University, Accounting and audit, Certificate of accounts, category "B", Issued by Auditing Chamber of Ukraine, ACCA Diploma. In banking: since 1990. At the "Kontrakt" since 12/18/2003. Head of the credit committee, performs strategic planning of the bank development, supervises financial and legal services department, as well as the security service. Responsible for a operations with pledged property.

PAUL KRAPIVIN, FIRST DEPUTY CHAIRMAN OF THE BOARD

Pavel Krapivin is First Deputy Chairman of the Board. Education: Kyiv National Economic University, Finances and credit, Master of Business Administration. In banking: since 1994. At the "Kontrakt" since 10/07/2003. Responsible for the sales and clients support, VIP-service, activity of the departments dealing with bank securities and guarantees, operations with pledged property.

SERGEY OLEKSIYENKO, DEPUTY CHAIRMAN OF THE BOARD

Sergey Oleksiyenko is Deputy Chairman of the Board. Education: Kyiv National Economic University, Finances and credit, Economist. In banking: since 1994. At the "Kontrakt" since 12/18/2003.

Responsible for an HR management, treasury, transactions, currency transactions, information technologies.

KATERINA GORBACH, HEAD, CUSTOMER RELATIONS DEPARTMENT

Katerina Gorbach is Head of customer relationship department. Education: Kyiv National Economic University, Banking management. In banking: since 1994. At the "Kontrakt" since 11/19/2003. Responsible for the sales, marketing and PR.

BANK KONTRAKT AND U.S.-UKRAINE BUSINESS COUNCIL (USUBC)

The management of USUBC has worked with Bank Kontrakt President David Holpert for many years. "I first met David in 1995 when he was the CFO of the WJ Group, a major agribusiness with operations in Ukraine. WJ Group was a member of USUBC until they were sold in 2011,"said Morgan Williams, Director, Government Relations, Washington office, SigmaBleyzer Private Equity Investment Firm, who serves as President, U.S.-Ukraine Business Council (USUBC).

"USUBC is very pleased to be working with Bank Kontrakt and to learn about their banking program to support the development of small and medium business. David Holpert will represent the bank on the board of directors of USUBC," Williams said.

REFERENCE

For additional information about Bank Kontrakt, Kyiv, Ukraine, go to: http://www.kontrakt.ua/en/

USUBC membership has grown rapidly during the past six years. Membership now stands at over 190. In January 2005 membership was eight; two years later it had grown to 22; in January 2009 it reached 100; and in January of 2011 topped 150. A complete list of USUBC members can be found at: http://www.usubc.org/members.php. For a list of the USUBC board of directors go to: http://www.usubc.org/site/u-s-ukraine-business-council-board-of-directors.

LINK: http://www.usubc.org/site/member-news/globallogic-joins-u-s-ukraine-business-council-usubc