The First Ukrainian International Bank (FUIB) announced on Monday that its capital adequacy ratio is 11.32 percent as of March 1.
According to the bank, the national average for this calculation is 7.37 percent. Representatives from the FUIB state that this is an indication of stability and reliability.
“The level of capitalization of FUIB exceeds average market indicator by 3.9 percent," Sergey Chernenko, chairperson of the management board for FUIB, said. "This confirms once again the efficiency of our business model and the ability to cope with crisis events on our own, based on own financial resources."
A recent merger with Renaissance Capital increased capital by six percent, according to reports from Friday, and it was named among the top banks in terms of reliability in Ukraine from Forinsurer and has been recognized by several organizations and publications for its strong performance in 2014, a year plagued with economic turbulence and geopolitical tension in Ukraine.