Business news from Ukraine

FIRST UKRAINIAN INTERNATIONAL BANK PLANS TO DOUBLE PROFIT THIS YEAR

Kyiv-based First Ukrainian International Bank (FUIB) intends to double its profit in 2018, FUIB Board Chairman Serhiy Chernenko has said. “FUIB intends to double its profit this year,” he said at a press conference in Kyiv on Friday. FUIB’s net profit in 2017 amounted to UAH 785.8 million, which is more than twice as high as in 2016. FUIB was founded in 1991. As of early January 2018, its largest shareholder was Rinat Akhmetov (99.901045%).
According to the National Bank of Ukraine, as of January 1, 2018 FUIB ranked ninth (UAH 54.632 billion) in terms of total assets among the 84 banks operating in the country.

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