First Ukrainian International Bank (FUIB, Kyiv) received UAH 1.55 billion in net profit in January-March 2025, which is 27.2%, or UAH 0.58 billion, less than in the first quarter of 2024.
According to the bank’s financial statements, pre-tax profit in the first quarter of 2025 amounted to UAH 2.07 billion, which is 27.2%, or UAH 0.77 billion, less than in the corresponding period of 2024.
PUMB’s net interest income for the reporting period increased by 11.5%, or UAH 0.41 billion, to UAH 3.96 billion, net commission income increased by 2.9% to UAH 0.53 billion, while net income from foreign exchange operations decreased by 8.2% to UAH 0.20 billion.
At the same time, impairment losses in the first quarter of this year amounted to UAH 0.26 billion, compared with a profit of UAH 0.36 billion in the same period last year, while the bank’s operating expenses increased by 30.2% to UAH 2.4 billion.
Among other things, it is noted that in addition to software maintenance costs, which are included in operating expenses, in the first three months of 2025, the bank was provided with software development and support services by a related party in the amount of UAH 381 million, which were recognized as intangible assets, compared to UAH 190 million in the first three months of 2024.
PUBM’s total assets since the beginning of the year decreased by 3.3%, or UAH 6.16 billion, to UAH 180.43 billion, while total liabilities decreased by 4.5%, or UAH 7.36 billion, to UAH 157.0 billion.
At the same time, the bank’s equity increased by 5.1%, or UAH 1.2 billion, to UAH 23.4 billion, of which undistributed profit reached UAH 13.09 billion.
It is noted that on April 30, the shareholders’ meeting decided to allocate UAH 197.12 million of the UAH 3.94 billion net profit for 2024 to the reserve fund and leave the rest undistributed.
According to the National Bank of Ukraine, at the beginning of 2025, PUMB ranked sixth (UAH 186.5 billion) among 61 banks operating in the country in terms of total assets.
The First Ukrainian International Bank (FUIB, Kyiv) and Limagrain, one of the world’s largest seed companies, have updated the terms of their partnership program and introduced promotional terms for the purchase of corn seeds, the bank’s press service reports.
According to the report, now farmers can purchase these products of the LG Seeds brand of Limagrain at a rate of 0.01% per annum for 9 months.
“The advantages of the partnership program include simplicity and transparency of the process, no need for collateral valuation and notarization, and a convenient repayment schedule adapted to the seasonality of agricultural work. There is also no loan fee,” FUIB emphasized.
For more information about the terms of lending in FUIB, please follow the link or call the bank’s hotline: 0 800 501 27 (calls are not charged).
“Limagrain is a seed company founded by farmers in France more than 50 years ago, ranked fourth in the world ranking. The company has been present in Ukraine since 2008. Its main crops are corn, sunflower, rapeseed, spring and winter wheat, spring and winter barley (feed/brewing). The company’s global network of branches covers 56 countries. The company annually invests about 14% of its turnover in research.
FUIB was founded in 1991. The owner of the bank’s substantial participation is Rinat Akhmetov (indirect participation of 99.9%).
FUIB, the largest Ukrainian bank with private capital, , has joined the state program “National Cashback”. The bank was one of the first to support the project under the patronage of the Ministry of Economy and became a partner of the program. In addition, FUIB strengthened the initiative by drawing 700 prizes of UAH 1000 and 3 charging stations among its customers participating in the program. The main winner will receive UAH 1,000,000 from the bank!
The National Cashback program is based on the idea of supporting citizens and Ukrainian business. The program will be implemented through the purchase of Ukrainian goods, with the client receiving 10% cashback from the state to a special card “Cashback ‘Made in Ukraine’ opened in the program’s partner banks. These funds can be spent on a list of services defined by the program.
“We were among the first to join this important government program. Cashback from FUIB has been one of our competitive advantages before, and by participating in the National Cashback program, our cashback ecosystem will become one of the most profitable in the banking market. Also, thanks to the convenience of our application – FUIB Online, registration in the program takes just a few clicks. Everything is intuitive. We will be glad to see as many new customers as possible who will join the program through FUIB Online and will be convinced of the profitability and financial advantages of our bank,” emphasizes Dmytro Polishchuk, FUIB’s Deputy Chairman of the Board for Retail Banking.
Cashback accrual for consumers starts on September 2. The first stage of the program will take place from September to December 2024. The minimum monthly cashback under the program will be UAH 2, the maximum – UAH 3,000. Funds will be credited to the card for the current month’s expenses until the 20th of the following month.
What goods can be purchased to participate in the National Cashback program?
Consumer goods made in Ukraine that are included in the list of goods participating in the program by the manufacturers participating in the program, with the exception of excisable goods. Also, Ukrainian wine without alcohol, honey drinks, medicines of Ukrainian origin and other categories listed in the appendix of the CMU Resolution.
What can I spend the cashback I receive from the state?
The cashback can be spent on education, medical treatment, sports facilities, movies, entertainment, catering, legal assistance, etc. In addition, you can pay utility bills, buy tickets, top up your mobile account, or pay for other services listed in the annex to the resolution. Payment for these services must be made exclusively in non-cash form.
What benefits will you get by joining the program through the PUMB Onlineapplication ?
In addition to 10% cashback from the state, customers who register in the program and fulfill the conditions of the promotion* will have the opportunity to win a mega prize of UAH 1,000,000. There will also be 700 prizes of UAH 1,000 each, and in September, the drawing of 3 powerful Bluetti AC200MAX charging stations will start.
When you buy Ukrainian, everyone wins! And together with FUIB, these advantages become much greater.
Read herehow to take part in the state program “National Cashback” with PUMB .
*Official rules of the Promo Campaign for UAH 1 million and 700 prizes of UAH 1000 each from PUMB can be found on the bank’s website in the section “Promotions for regular customers”.
Source: https://interfax.com.ua/news/press-release/1011177.html
In January-June this year, FUIB (Kyiv) received UAH 3.82 billion in net profit, which is 4% higher than in the same period of 2023 (UAH 3.68 billion), according to the bank’s quarterly report.
According to the report, the financial institution’s net profit for the second quarter of 2024 decreased by 20.8% compared to the comparable period of 2023 (UAH 2.13 billion) to UAH 1.69 billion.
According to the document, the bank’s net interest income for the first half of the year increased by 31.7% to UAH 7.12 billion, while net commission income increased by 15.1% to UAH 1.23 billion. In particular, these figures improved by 23.6% to UAH 3.56 billion and 43.2% to UAH 0.71 billion in April-June, respectively.
Since the beginning of 2024, the bank’s assets have increased by 6.3%, or by UAH 9.67 billion, and reached UAH 163 billion as of June 30, compared to UAH 125.7 billion at the end of the first half of 2023. This increase was primarily due to the growth of loans and advances to customers from UAH 52.06 billion to UAH 57 billion, in particular, by UAH 3.19 billion in the second quarter of 2024.
Since the beginning of the year, FUIB has increased cash on hand and in transit, as well as funds on the current account with the National Bank of Ukraine (NBU) by 29.6% and 41.2%, respectively, to UAH 3.74 billion and UAH 14.11 billion.
Funds under the item “other financial assets” increased 1.6 times to UAH 4.19 billion in the structure of total assets, which, in turn, was facilitated by more active purchases of foreign currency and an increase in bank card payments.
The volume of loans and advances to banks increased by 15.5% to UAH 4.87 billion, while investments in securities increased by 1.7% to UAH 59.16 billion.
Between January and June, the financial institution managed to increase its customer accounts from UAH 126.54 billion to UAH 132.93 billion, while the funds of banks increased from UAH 2.72 billion to UAH 3.33 billion.
In general, FUIB’s liabilities for this period increased from UAH 135.94 billion to UAH 141.22 billion.
It is noted that the bank’s capital increased by 25.3% over the six months of this year and reached UAH 21.78 billion, in particular, in the second quarter – by 11.3%, or UAH 2.22 billion. It is noted that retained earnings increased by 46.5% to UAH 11.41 billion during this time.
The remuneration of 10 members of the bank’s management board in terms of salary for the first half of 2024 increased by 12.1% compared to the same period of the previous year and amounted to UAH 75.6 million, while the remuneration of eight members of the supervisory board increased by 46.7% to UAH 16.6 million.
JSC First Ukrainian International Bank was founded on November 20, 1991 and started its operations in April 1992. As of March 31, 2024, the bank’s shareholders were SCM Finance (92.3%) and SCM Holdings Limited (7.7%, Cyprus) of Rinat Akhmetov.
According to the National Bank of Ukraine, as of June 1, 2024, FUIB ranked 6th (UAH 169.9 billion) among 63 banks in the country in terms of assets. The financial institution’s net profit for 2023 amounted to UAH 3.96 billion.
In January-March 2024, FUIB (Kyiv) received UAH 2.13 billion in net profit, which is 38.1% higher than in the same period of 2023 (UAH 1.55 billion), according to the bank’s quarterly report.
According to the report, the bank’s net interest income increased significantly in the first three months of 2024: by 41% year-on-year to UAH 3.56 billion, while net fee and commission income decreased by 9.2% to UAH 0.52 billion.
Since the end of 2023, the bank’s assets have increased by 2.5%, or by UAH 3.8 billion, and reached UAH 157.1 billion as of March 31. This increase was primarily due to an increase in investments in securities by 15%, or UAH 8.7 billion, to UAH 66.9 billion, as well as an increase in loans and advances to banks by 70% to UAH 7.1 billion and to customers by 3.4% to UAH 53.8 billion, of which UAH 43.2 billion to corporate clients (including expected credit losses), UAH 10.6 billion to individuals.
It is noted that the positive impact on the increase in FUIB’s assets is also associated with an increase in the item “other financial assets” by 39% to UAH 3.6 billion, primarily due to an increase in the purchase of foreign currency from UAH 0.06 billion to UAH 1.3 billion.
The amount of cash on hand and in transit decreased by 6% to UAH 2.7 billion, while FUIB’s funds on the current account with the National Bank increased by 23% to UAH 12.3 billion.
Between January and March, the financial institution managed to increase its customer accounts from UAH 126.5 billion to UAH 129.4 billion, while the banks’ accounts increased from UAH 2.7 billion to UAH 3.4 billion.
According to the report, at the same time, FUIB’s liabilities increased from UAH 135.9 billion to UAH 137.6 billion during this period.
It is noted that the bank’s capital increased by 12.5% in the first quarter and reached UAH 19.6 billion, including retained earnings by 27% to UAH 9.9 billion.
Remuneration to the members of the bank’s Management Board increased by 24.6% year-on-year to UAH 36.9 million in the first quarter, while remuneration to the Supervisory Board increased by 43.3% to UAH 8.1 million.
JSC First Ukrainian International Bank was founded on November 20, 1991 and started its operations in April 1992. As of March 31, 2024, the bank’s shareholders were SCM Finance (92.3%) and SCM Holdings Limited (7.7%, Cyprus). The actual control over FUIB is exercised by the citizen of Ukraine Rinat Akhmetov.
According to the National Bank of Ukraine, as of March 1, 2024, FUIB ranked 6th in terms of assets (UAH 163 billion) among 63 banks operating in the country. The financial institution’s net profit for 2023 amounted to UAH 3.95 billion.
Nationalized Sense Bank (Kyiv) and FUIB (Kyiv) note the demand for the buy now pay later (BNPL) service, which differs from traditional bank installment plans, and allow its introduction in Ukraine in the near future.
“We think that the client has a request for such a product as a purely European BNPL. (…) Therefore, we are now working with two fintechs, studying this model together with them and the possibility of joining them, because they have just implemented the European BNPL model,” said Inna Tiutiun, a member of the Sense board, at the Digital Lending 2024 conference initiated by the Ukrainian Association of Fintech and Innovation Companies (UAFIC) in Kyiv.
FUIB’s Deputy Chairman of the Board Dmytro Polishchuk, for his part, noted that there is “definitely a demand for the service.”
“And the most important thing is that when we talk about BNPL or installment payments, etc., we forget that the key client of this story is the merchant. (…) There is a very high demand from large retailers for this model, so if there is demand, there will always be a supply,” the banker added.
“I think that this year either we or Sense (Bank – IF-U) or someone else … one of us will show something this year. Because there are a lot of ideas, research, experience and a desire to try, because no one in Ukraine has actually tried this (implementation of the BNPL service – IF-U),” suggested Polishchuk.
According to him, FUIB has already tested a large number of customer experiences with full-fledged BNPL models, in particular, the bank’s team has worked out the legal component, which raised certain questions.
“(…) because in fact, BNPL in its purest form is the provision of a short-term loan to a non-bank customer and without onboarding in Diia, BankID, identification, passports. That is, it is not actually a loan, but a payment method with a certain installment plan for several weeks,” explained FUIB’s Deputy Chairman of the Board.
“We are very positive about this story. I think that this year there will be surprises in Ukraine (in the financial services market – IF-U),” the banker summarized.
According to the National Bank of Ukraine, as of February 1, 2024, Sens Bank ranked 8th (UAH 131.89 billion) among 63 banks operating in the country in terms of total assets, while FUIB ranked 6th (UAH 158.86 billion). Sense Bank was among the three leaders in terms of net profit for 2023, it amounted to UAH 5.04 billion, while FUIB’s net profit was UAH 3.96 billion.
