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AUTHORITIES ENTRUSTS FUNDS TO KREDITPROMBANK

Executive Committee of Vinnitsa City Council allocated UAH 7,55 million of city budget special fund on deposit accounts in Vinnitsa branch of Kreditprombank. According to the head of Financial Department of Vinnitsa City Council, Natalya Lutsenko, in particular, UAH 600 thousand – on deposits of Fund of Execution of Technical Documentation for Objects of Communal Property, 400 – of Environmental Protection Fund, 300 – City Planning Development Fund, 100 – Social and Economic City Development Fund, 50 – Cultural Heritage Protection Fund. City Utilities Development, Social Infrastructure and Urban Amenities Provision Fund and Facade Restoration and Capital Repair Fund allocated one million UAH each.
Funds will remain on accounts till July 1, 2007. At that funds of Development Fund received from issue of municipal bonds were deposited for the term of up to six months. Kreditprombank offered VInnitsa City Council 15% per year with deposit amount up to one million UAH and 16% - over million.

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