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Monday, November 20, 2017

First Ukrainian International Bank extends its presence in Ukraine

First Ukrainian International Bank held an opening ceremony for its outlet in the city of Yuzhnuy in Odessa oblast on Feb. 14.

"The new outlet in Yuzhnuy is equipped in accordance with our customers' expectations of high quality and professional service. We hope that residents of Yuzhnuy will do justice to the outlet of FUIB and will become our regular customers," Natalya Kosenko, the deputy chairman of the management board in charge of the bank's network development, said.

Founded in 1991, FUIB began a cooperative relationship with the European Bank for Reconstruction and Development in 1995 and with the Deutsche Investitions-und Entwicklungsgesellschaft MbH in 1996.

In 1999, the EBRD, the DEB and the International Finance Corporation became shareholders with 10 percent each. In 2000, Fortis Bank became a shareholder as legal successor of Bank Mees & Hope N.V.

The bank was the first in Ukraine to institute IFRS financial reporting and one of the first to obtain a credit rating from an international credit rating agency.