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Saturday, March 24, 2018

LIOU ranks FUIB in top five for insurer deposits

First Ukrainian International Bank said on Wednesday that it was among the top five banks in the country for insurer deposits, based on a study by the League of Insurance Organizations of Ukraine (LIOU).

The ranking is based on the volume of term deposits that insurance companies placed in the country's banks. FUIB held approximately $569 million through Sept. 30, approximately $95 million of which consisted of international currencies.

“High reliability of clients’ deposits without any compromises has been the key value of FUIB for many years," FUIB Corporate Business Division Deputy Chairman of the Management Board Aleksey Volchkov said. "Surplus capital and good loan portfolio management ensured the sustainability of the bank, even in the most difficult economic conditions, which was confirmed by the stress test conducted by the National Bank of Ukraine. FUIB remains a reliable financial partner for more than 20,000 corporate clients."

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First Ukrainian Bank - Ukraine

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