First Ukrainian International Bank

The First Ukrainian International Bank is one of the leading Ukrainian banks, largely owned by SCM Holdings. It was founded in 1991 and has its main office in Kyiv, Ukraine.

First Ukrainian International Bank
Перший Український Міжнародний Банк
IndustryFinance and insurance
Founded1991
HeadquartersKiev, Ukraine
Key people
Sergey Chernenko, Board Chairman
$56 mil (2011, IFRS)
Total assets $3700 mil (2011, IFRS)
Total equity $605 mil (2011, IFRS)
Number of employees
3,899 people[1]
Websitewww.pumb.ua

History

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.[2] 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)[3] and one of the first to obtain a credit rating from an international credit rating agency (Fitch in 1998).[4] 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.

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.[5] FUIB is presented by 168 outlets throughout Ukraine.[1] 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.[6] 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.[7][8][9]

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See also

References
  1. "Fact sheets - FUIB". scmholding.com. Retrieved 2012-01-10.
  2. "IFC News - Press Releases & FeaturesPress Release". Ifc.org. 1998-06-19. Retrieved 2011-08-03.
  3. "History". Pumb.ua. Archived from the original on 2011-11-18. Retrieved 2011-08-03.
  4. "Relationships with Rating Agencies". Pumb.ua. Archived from the original on 2011-03-15. Retrieved 2011-08-03.
  5. "Moody's Disclosures on Credit Rating of First Ukrainian International Bank, PJSC". www.moodys.com. Retrieved 2012-03-23.
  6. "Central bank okays FUIB, Dongorbank merger | Ukrainians in Canada, US". Ukrainians.ca. 2010-12-27. Archived from the original on 2012-09-13. Retrieved 2011-08-03.
  7. "Media centre - Press releases". scmholding.com. Archived from the original on 2011-09-30. Retrieved 2011-08-03.
  8. http://www.ukrrudprom.ua/digest/PUMB_razdalsya_vshir.html
  9. Руслан Черный (2011-07-19). "Ъ - ПУМБ досчитал до десяти // Присоединение Донгорбанка усилило его позиции". Kommersant.ua. Retrieved 2011-08-03.
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