First Ukrainian International Bank

The First Ukrainian International Bank, also known as FUIB (Ukrainian: Перший Український Міжнародний Банк), is one of the leading Ukrainian banks, primarily owned by the oligarch Rinat Akhmetov, who is associated with SCM Holdings.Established in 1991, the bank is headquartered in Kyiv, Ukraine. As of January 1, 2018, FUIB served 1.2 million private clients and more than 40,000 corporate clients.

First Ukrainian International Bank
Перший Український Міжнародний Банк
IndustryFinance and insurance
Founded1991
HeadquartersKyiv, Ukraine
Key people
Sergey Chernenko, Board Chairman[1]
Increase $56 mil (2011, IFRS)
Total assetsIncrease $3700 mil (2011, IFRS)
Total equityIncrease $605 mil (2011, IFRS)
Number of employees
3,899 people[2]
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. It commenced its banking operations in April 1992. In 1995 the Bank initiated its collaboration with the European Bank for Reconstruction and Development (the “EBRD”) followed by a partnership with Deutsche Investitions-und Entwicklungsgesellschaft MbH (“DEG”) in 1996. In 1999, DEG, EBRD and the International Finance Corporation (“IFC”) each became shareholders with a 10% holding.[3] In 2000 Fortis Bank became a shareholder as the legal successor of Bank Mees & Hope N.V. The bank was among the first Ukrainian bank to institute IFRS financial reporting (in 1991)[4] and to obtain a credit rating from an international credit rating agency (Fitch in 1998).[5]

FUIB has been a principal member of payment systems Visa since 1996 and Mastercard International since 1993. It is also a regular participant of the State Retail Deposit Insurance Fund. In January 2022, the bank plans to launch a SWIFT payment service to a broker in the United States to buy/sell securities on the US stock market in collaboration with a partner company, as stated by Oleksandr Shcherbakha, the Director of the Bank's Retail Sales and Development Department.[6]

Shareholders

The controlling shareholder of FUIB is SCM Finance, which is associated with Rinat Akhmetov and holds 92.24% of the bank's shares. SCM Finance is fully 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, FUIB held a stable rating from Moody's.[7] The bank operates through 168 outlets across Ukraine.[2] FUIB has been a member of various organizations, including the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) since 1993. In 2001 the Bank joined the Ukrainian First Stock Trading System (PFTS). In December 2010 Central bank of Ukraine approved a reorganization plan for Dongorbank by merging the two banks and incorporating Dongorbank into FUIB.[8] On July 16, 2011, a consolidation of First Ukrainian International Bank (FUIB) and Dongorbank was finalized, and the combined bank's operations commenced under the joint brand FUIB.[9][10][11]

Controversy

According to Serhiy Leshchenko in 2017, both Phil Griffin and Leonid Avrashov (Ukrainian: Леонід Аврашов), who are associates of Paul Manafort, had credit cards with First Ukrainian International Bank.[12][13] Leonid Avrashov had previously headed Black, Manafort, Stone and Kelly's Saint Petersburg office, as noted by Mustafa Nayyem in 2007.[14] However, on September 2, 2014, Manafort claimed that Avrashov was associated with the International Republican Institute.[15][16]

See also

References
  1. "Власники та бенеціфіціари компанії АТ "ПУМБ"". opendatabot.ua (in Ukrainian). 2023-01-19. Retrieved 2023-01-19.
  2. "Fact sheets - FUIB". scmholding.com. Retrieved 2012-01-10.
  3. "IFC News - Press Releases & FeaturesPress Release". Ifc.org. 1998-06-19. Retrieved 2011-08-03.
  4. "History". Pumb.ua. Archived from the original on 2011-11-18. Retrieved 2011-08-03.
  5. "Relationships with Rating Agencies". Pumb.ua. Archived from the original on 2011-03-15. Retrieved 2011-08-03.
  6. "Банк Ахметова також запустить торгівлю акціями західних компаній – LegalHub.online". 2022-01-24. Archived from the original on 2022-01-24. Retrieved 2022-10-03.
  7. "Moody's Disclosures on Credit Rating of First Ukrainian International Bank, PJSC". www.moodys.com. 23 March 2012. Retrieved 2012-03-23.
  8. "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.
  9. "Media centre - Press releases". scmholding.com. Archived from the original on 2011-09-30. Retrieved 2011-08-03.
  10. "ПУМБ раздался вширь".
  11. Руслан Черный (2011-07-19). "Ъ - ПУМБ досчитал до десяти // Присоединение Донгорбанка усилило его позиции". Kommersant.ua. Retrieved 2011-08-03.
  12. Лещенко, Сергей (Leshchenko, Serhiy) (March 23, 2017). "Коррупционная ось Януковича-Манафорта" [Corruption axis of Yanukovych-Manafort]. НВ (nv.ua) (in Russian). Retrieved 7 August 2021.{{cite news}}: CS1 maint: multiple names: authors list (link)
  13. Horwitz, Jeff; Danilova, Maria (July 2, 2018). "Russian charged with Trump's ex-campaign chief is key figure". Associated Press. Archived from the original on August 11, 2021. Retrieved August 10, 2021 – via Providence Journal.
  14. Найєм, Мустафа (Nayyem, Mustafa) (March 19, 2007). "Американські технологи на службі у Януковича" [American technologists at Yanukovych's service]. Ukrayinska Pravda (pravda.ua) (in Ukrainian). Retrieved 7 August 2021.{{cite news}}: CS1 maint: multiple names: authors list (link)
  15. "Interview of Paul Manafort" (PDF). FBI. September 2, 2014. p. 2. Retrieved August 10, 2021 – via Justthenews.com.
  16. Horwitz, Jeff; Danilova, Maria (July 2, 2018). "Russian charged with Trump's ex-campaign chief is key figure". boston.com. Archived from the original on November 9, 2020. Retrieved August 10, 2021.
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