Prominvestbank Financial Performance and History

Prominvestbank has a long and storied history, dating back to 1990 when it was founded in Ukraine. The bank quickly established itself as a major player in the country's financial sector.

Prominvestbank's financial performance has been impressive, with the bank consistently ranking among the top 5 banks in Ukraine in terms of assets and capital.

In 2009, the bank's assets reached a peak of over $10 billion, making it one of the largest banks in the country. This period of growth was fueled by the bank's aggressive expansion into new markets and its focus on providing high-quality financial services to its customers.

The bank's commitment to innovation and customer satisfaction has paid off, with Prominvestbank consistently ranking high in customer satisfaction surveys.

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Prominvestbank is a Ukrainian bank that has been in operation since 1990. It was founded by a group of investors, hence the name Prominvestbank.

The bank has a strong presence in Ukraine, with a network of branches and offices across the country. It offers a wide range of financial services to both individuals and businesses.

Prominvestbank is a universal bank, meaning it provides a full range of banking services, including retail banking, corporate banking, and investment banking. This allows customers to manage all their financial needs under one roof.

The bank has a solid financial foundation, with a stable capital base and a strong liquidity position. This enables it to weather economic downturns and maintain its services to customers.

Prominvestbank is committed to innovation and technology, using modern banking systems and digital channels to improve customer experience and efficiency.

Prominvestbank is a reliable financial institution, with a wide range of services that cater to the needs of its clients.

It offers a variety of deposit accounts, including current accounts, savings accounts, and fixed-term deposits.

These accounts provide competitive interest rates and flexible terms, making it easy for customers to manage their finances.

The bank also provides a range of loan products, including personal loans, mortgages, and business loans.

These loans have favorable interest rates and repayment terms, making it easier for customers to achieve their financial goals.

Prominvestbank's bank operations are designed to be efficient and convenient for its customers. The bank operates over 900 branches across Ukraine, providing a wide reach and accessibility.

The bank's operating hours typically run from 9am to 6pm, Monday through Friday, allowing customers to conduct transactions during regular business hours.

Prominvestbank's online banking platform is available 24/7, allowing customers to manage their accounts, pay bills, and transfer funds at their convenience.

In recent news, an undisclosed buyer has acquired an unknown stake in Prominvestbank from State Development Corporation "VEB.RF". This development marks a significant shift in the bank's ownership structure.

The sale of Prominvestbank has been a long process, with various companies expressing interest in acquiring a stake in the bank. In January 2020, Ukrainian authorities put the bank up for sale, with a starting price of $11 million.

Here's a brief timeline of the key events surrounding the sale of Prominvestbank:

The sale of Prominvestbank is a complex process, with various stakeholders involved. In 2018, VEB announced plans to sell the bank by May of that year.

The NAICS code for Prominvestbank is 52, 522, and 5222.

Understanding the NAICS code is crucial for businesses and financial institutions to categorize their operations and activities accurately.

NAICS codes are used to classify businesses by industry and activity, making it easier to track and analyze economic data.

Prominvestbank's NAICS code of 52, 522, and 5222 indicates that it operates in the finance and insurance sector.

Prominvestbank is based in Kiev, Ukraine.

In 2015, Prominvestbank suffered a significant loss of 18.06 billion hryvnias, compared to 5.95 billion in 2014. This was due in part to the bank being placed under US sanctions in July 2015 as a subsidiary of a Russian bank.

The Ukrainian government, led by the National Bank, introduced sanctions against Russian banks, including Prominvestbank, in March 2016, prohibiting them from transferring capital to their parent structures. This move led to intensified negotiations over the sale of Prominvestbank.

Prominvestbank's sale was complicated by the fact that its potential buyer, Ukrainian and Russian businessman Pavel Fuchs, was unable to agree on the terms with the National Bank. As a result, the bank's sale was delayed, and the bank was eventually threatened with closure in November 2018.

Let's take a closer look at the sales by activity of Prominvestbank PAT. In December 2018, the bank's other sales totaled 171 million.

The retail business sales, on the other hand, had a significant decline of 288 million in 2018. This is a substantial drop.

The investment business and treasury sales also saw a decline of 334 million in 2018. This is a notable decrease.

The corporate business sales were the largest in 2018, totaling 1.34 billion. This was a significant portion of the bank's sales.

Here's a breakdown of the sales by activity in December 2018:

The structure of Igor Kolomoyskyi and Oshchadbank won a lawsuit in Stockholm arbitration against Russia over Crimea's annexation and want to get satisfaction at the expense of Russia's sovereign property in Ukraine, which is Prominvestbank.

Auctions to sell 99.7726% of Prominvestbank's shares have been ongoing for a long time due to the lack of buyers and court appeals.

The situation with Prominvestbank's sales is quite complex, with various parties trying to acquire the bank.

The bank's shares were frozen by the court, and the sale of the shares was delayed due to the lack of buyers and court appeals.

The Russian state corporation VEB.RF tried to block the sale of Prominvestbank's shares, but the Ukrainian court refused to recognize the Stockholm arbitration's decision.

The sale of Prominvestbank's shares was finally held on March 4, 2020, but the new owner, Altana Capital, did not receive the necessary approval from the National Bank of Ukraine.

The sale was later declared invalid by the court, but the decision was later overturned by the Supreme Court.

In August 2007, Ukrainian media reported on the possible hostile takeover of Prominvestbank. The sudden surge in demand for the bank's shares, accompanied by a significant increase in their value, raised concerns among experts that a takeover was being prepared.

The first half of 2008 was successful for Prominvestbank, with assets totaling 27.6 billion hryvnias, a capital of 3.7 billion hryvnias, and liabilities of 23.9 billion hryvnias. The bank's net profit was 510.3 million hryvnias, or 8.4% of the profit generated by the Ukrainian banking system.

In August-September 2008, an active information attack was launched against Prominvestbank, which had always been proud of not having foreign owners among its shareholders. The compromising information sparked panic among the bank's clients, with thousands of depositors rushing to withdraw their savings in the amount of several billion dollars.

In October 2008, due to the rapid withdrawal of client funds, the bank's liquidity significantly decreased. To prevent the bank's collapse and the destabilization of the entire Ukrainian banking system, the National Bank of Ukraine decided to grant Prominvestbank a 5 billion hryvnia refinancing.

In December 2008, the State Corporation for the Development and Foreign Economic Activity (Vnesheconombank) of Russia, in collaboration with the temporary administration of Prominvestbank, developed a plan for the bank's financial rehabilitation.

History has a way of repeating itself, and understanding the past is crucial in preparing for and responding to crises. The ancient Greek city-states were a prime example of this, as they were often plagued by civil wars and power struggles that weakened their defenses against external threats.

The Peloponnesian War, which lasted from 431 to 404 BCE, was a devastating conflict that pitted Athens against Sparta and had far-reaching consequences for the entire region. This war was a major turning point in Greek history, marking the beginning of the decline of Athens' power and influence.

The Roman Empire, which rose to power in the 1st century BCE, was also marked by periods of crisis and upheaval. The reign of Emperor Caligula, who ruled from 37 to 41 CE, was particularly notable for its extravagance and instability, which ultimately contributed to the downfall of the empire.

The Black Death, which swept through Europe in the 14th century, was another major crisis that had a profound impact on the course of history. This pandemic, caused by the bubonic plague, killed an estimated 75 to 200 million people, or approximately 30-60% of Europe's population, and had significant social, economic, and cultural consequences.

The 2008 global financial crisis was a more recent example of a major crisis that had far-reaching consequences for the world. This crisis, caused by a housing market bubble and subsequent banking collapse, led to widespread job losses, home foreclosures, and a significant decline in global economic output.

In August 2007, Ukrainian media reported on the possible hostile takeover of Prominvestbank.

The first half of 2008 was successful for the bank, with assets totaling 27.6 billion hryvnia, a capital of 3.7 billion hryvnia, and liabilities of 23.9 billion hryvnia.

A significant information attack on the bank occurred in August and September 2008, which caused panic among clients.

Thousands of depositors, including those in Donetsk and Kiev, rushed to withdraw their savings, totaling several billion dollars.

The National Bank of Ukraine intervened by refinancing the bank with 5 billion hryvnia to prevent a collapse.

A temporary administration was introduced in the bank by a National Bank of Ukraine decree on October 7, 2008.

Possible investors in the bank included Nikolai Lagun, the head of Delta Bank, and Dmitry Klyuev, the president of the Russian investment and financial group Intelink.

However, no agreement was reached.

In December 2008, the State Corporation for Development and Foreign Economic Activity (VEB of Russia) developed a plan for the financial rehabilitation of the bank in cooperation with the temporary administration.

The plan involved increasing the bank's capital by 1.1 billion hryvnia, which was done on January 15, 2009.

After the capital increase, VEB became the owner of a controlling stake in the bank, with 75% + 3 shares.

The bank's assets continued to stabilize, and it entered various ratings of banking reliability, including "Expert-Rating", "TOP-100: Resheniya dlya biznesa", Global Finance, "Standard-Rating", "Expert", and "Osoboy schet".

The bank denied any involvement in Ukrainian politics, stating that it had been distancing itself from politics for two decades and focusing on banking business.

Prominvestbank's Board of Directors is made up of experienced individuals with a wealth of knowledge and expertise. The board consists of 11 members, with Vladimir Dmitriev serving as the Chairman since 2014.

The board members are Nataliya Borysivna Gavrylyuk, Kirill Alexandrovich Dmitriev, Vladimir Vladimirovich Minin, Aleksandr Viktorovich Zelenov, Sergey Alexandrovich Vasilyev, Sergiy Volodymyrovych Kuznetsov, Igor Ivanovych Sirosh, Sergiy Yuriyovych Karnaukh, Petr Fradkov, Rozhok Andrii Vladimirovich, and Mehdi Said Shirazee.

Here's a breakdown of the board members' ages and their positions:

The board has a good mix of ages and experience, with the oldest member being 71 years old and the youngest being 47 years old.