First Ukrainian International Bank Profile and Ratings

First Ukrainian International Bank was founded in 1992 and is one of the largest banks in Ukraine. The bank has a strong presence in the country with a network of branches and ATMs.

The bank's ratings reflect its stability and reliability, with a long-term credit rating of "B+" from Fitch Ratings. This rating is a testament to the bank's ability to withstand economic fluctuations.

First Ukrainian International Bank is a member of the Ukrainian Bank Association, which promotes the development of the banking sector in Ukraine.

First Ukrainian International Bank has a stable rating from Moody's as of March 2012.

The bank operates through 168 outlets across Ukraine, providing a wide reach to its customers.

FUIB has been a member of the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) since 1993, facilitating international transactions.

In 2001, the Bank joined the Ukrainian First Stock Trading System (PFTS), expanding its services to the stock market.

By December 2010, the Central bank of Ukraine approved a reorganization plan for Dongorbank, which involved merging the two banks and incorporating Dongorbank into FUIB.

The consolidation of First Ukrainian International Bank (FUIB) and Dongorbank was finalized on July 16, 2011, and the combined bank's operations commenced under the joint brand FUIB.

Getting started with creating an audio brand for your app can be a game-changer, as it did for PUMB Online. They wanted to differentiate themselves from competitors, but a full-fledged audio brand was a more effective solution.

The PUMB Online team approached the project with a clear understanding of their needs, and our study of the Ukrainian mobile banking market revealed a gap in the use of audio by players in the industry. PUMB Online could become the first to implement a systematic approach to audio.

We identified several key areas where an audio brand could be implemented, including notifications and sound effects. These are critical touchpoints where the brand's sonic identity can shine.

Here are some specific areas where the PUMB Online audio brand was implemented:

The First Ukrainian International Bank has a rich history that spans over three decades. It was founded on November 20, 1991.

The bank's operations began in April 1992, marking a significant milestone in its development. It was registered with the National Bank of Ukraine on December 23, 1991.

The First Ukrainian International Bank was among the first Ukrainian banks to adopt IFRS financial reporting, starting in 1991. This move showcased the bank's commitment to transparency and international standards.

In 1995, the bank initiated a partnership with the European Bank for Reconstruction and Development. This partnership marked a significant step towards the bank's internationalization.

The bank's collaboration with Deutsche Investitions-und Entwicklungsgesellschaft MbH (DEG) began in 1996. This partnership led to the bank's involvement with international investors.

By 1999, DEG, EBRD, and the International Finance Corporation (IFC) each acquired a 10% holding in the bank. This move marked a significant shift in the bank's ownership structure.

Fortis Bank became a shareholder in 2000, following the legal succession of Bank Mees & Hope N.V. This partnership further solidified the bank's position in the Ukrainian financial market.

The bank was also among the first to obtain a credit rating from an international credit rating agency, Fitch, in 1998.

As of March 2012, FUIB held a stable rating from Moody's. FUIB operates through 168 outlets across Ukraine.

FUIB has been a member of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) since 1993. This membership has enabled the bank to facilitate international transactions efficiently.

The Central bank of Ukraine approved a reorganization plan for Dongorbank in December 2010, which involved merging the two banks and incorporating Dongorbank into FUIB. This consolidation was finalized on July 16, 2011.

First Ukrainian International Bank is a reliable financial institution that has been serving customers for over 25 years. It was founded in 1992.

The bank has a strong presence in Ukraine, with a network of branches and offices across the country.

First Ukrainian International Bank offers a wide range of financial services, including corporate and retail banking, as well as investment and private banking.

The bank's mission is to provide high-quality financial services to its customers, while also contributing to the development of Ukraine's economy.

First Ukrainian International Bank is a member of the Ukrainian banking system, which is regulated by the National Bank of Ukraine.

The bank's management team has a strong track record of experience in the financial industry, with many years of service in leading Ukrainian banks.

First Ukrainian International Bank's shareholders are a diverse group, with a significant portion being international investors.

The bank's ratings are a testament to its stability, with a long-term credit rating of BBB- from Fitch Ratings.

This rating reflects the bank's strong capital base and solid financial performance, which have allowed it to navigate the challenges of the Ukrainian market effectively.

Shareholders play a crucial role in a bank's operations, and understanding their structure can provide valuable insights.

The controlling shareholder of FUIB is SCM Finance, which holds 92.24% of the bank's shares. This significant stake gives SCM Finance substantial influence over the bank's decision-making processes.

SCM Finance is associated with Rinat Akhmetov and is fully owned by SCM Group. This close relationship between SCM Finance and SCM Group underscores the importance of understanding the bank's ownership structure.

FUIB holds nostro accounts with 37 banks, which can help facilitate international transactions and provide a wider range of financial services to its customers.

First Ukrainian International Bank CJSC has received a credit-rating upgrade to uaA from uaBBB. This upgrade is a testament to the bank's strong financial foundation.

The upgrade was based on the bank's financial statements from 2005-2009 and 1Q2010, as well as other inside information. Credit-Rating considered various factors before making the upgrade.

The bank's creditworthiness is now characterized as HIGH STRONG compared to other Ukrainian obligors or debt liabilities. This is a significant improvement from the previous rating.

A stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year. This suggests that the bank's financial performance is expected to remain strong.

The factors that maintained the credit rating include diversification of the loan portfolio, sufficient indicators of capitalization and liquidity, and enhanced quality of the bank's resources. These factors contribute to the bank's overall financial health.

Here are the key factors that maintained the credit rating:

The First Ukrainian International Bank, also known as "BANK ПІУБ" in Ukrainian, has a rich history dating back to 1992. It was established by a group of Ukrainian entrepreneurs.

The bank's main goal was to provide financial services to individuals and businesses in Ukraine, with a focus on international trade and investment.

BANK ПІУБ was one of the first private banks in Ukraine, and it played a significant role in the country's economic development during the 1990s.