Industry Finance and insurance Total equity $605 mil (2011, IFRS) Website www.pumb.ua Founded 1991 | Total assets $3700 mil (2011, IFRS) Number of employees 3,899 people | |
 | ||
Key people Sergey Chernenko, Board Chairman Net income 56 million USD (2011, IFRS) Profiles | ||
Konstantin vaysman first ukrainian international bank world finance videos
The First Ukrainian International Bank was founded on 20 November 1991, registered with the National Bank of Ukraine on 23 December 1991. In April 1992 the Bank started its banking operations. In 1995 the Bank began its cooperation with the European Bank for Reconstruction and Development (the “EBRD”) and in 1996 - with Deutsche Investitions-und Entwicklungsgesellschaft MbH (“DEG”). In 1999 each of DEG, the EBRD and International Finance Corporation (“IFC”), became shareholders with 10% holding. In 2000 Fortis Bank became a shareholder as legal successor of Bank Mees & Hope N.V. The Bank was also the first Ukrainian bank to institute IFRS financial reporting (in 1991) and one of the first to obtain a credit rating from an international credit rating agency (Fitch in 1998). FUIB is a principal member of payment systems VISA International since 1996 and MasterCard International since 1993 and a regular participant of the State Retail Deposit Insurance Fund.
Contents
- Konstantin vaysman first ukrainian international bank world finance videos
- Konstantin vaysman ceo first ukrainian international bank
- Shareholders
- General info
- References
Konstantin vaysman ceo first ukrainian international bank
Shareholders
The controlling shareholder of the bank is SCM Finance (92.24% of shares), which is 100% owned by SCM Group. FUIB holds nostro accounts with 37 banks, while 61 banks hold vostro accounts with FUIB.
General info
As of March 2012, Moody's rating for FUIB is stable. FUIB is presented by 168 outlets throughout Ukraine. The Bank has been a member of various organizations, for instance, of the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) since 1993. In 2001 the Bank joined the Ukrainian First Stock Trading System (PFTS). On December 2010 Central bank of Ukraine approved a reorganization plan of Dongorbank by means of merging two banks and accession Dongorbank to FUIB. On July 16, 2011 a consolidation of First Ukrainian International Bank (FUIB) and Dongorbank was completed and starting from July 18 the combined bank actives work under a joint brand FUIB.