Business news from Ukraine

FUIB SEES NET PROFIT RISE BY 23%

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-March 2021 amounted to UAH 1 billion, which is 23.3% more than in the same period in 2020 (UAH 810.9 million), the bank said on its website.
According to the report, the bank’s net interest income in the first quarter increased by 20.7% compared to the same period a year earlier, to UAH 2.03 billion, and commission fees – by 5%, to UAH 439 million.
FUIB’s assets in the first three months of the year increased by 12.8%, to UAH 84.877 billion, in particular loans to customers – by 5.5%, to UAH 39.6 billion, and cash and cash equivalents – by 1.5 times, to UAH 21.26 billion.
The bank’s liabilities increased by 15%, to UAH 75.456 billion, in particular, customer funds – by 17%, to UAH 67.3 billion, and debt to other banks – by 35.7%, to UAH 1.84 billion.
The bank’s net worth decreased by 2.7% in three months, to UAH 9.42 billion. The charter capital remained at the level of UAH 4.78 billion.
FUIB was founded in 1991. Rinat Akhmetov is the owner of a significant stake in the bank (indirect participation is 99.9%).
According to the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 85.516 billion) FUIB ranked seventh among 73 banks operating in the country.

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FUIB GETS NET PROFIT IN Q1

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-March 2021 amounted to UAH 1 billion, which is 23.3% more than in the same period in 2020 (UAH 810.9 million), the bank said on its website. According to the report, the bank’s net interest income in the first quarter increased by 20.7% compared to the same period a year earlier, to UAH 2.03 billion, and commission fees – by 5%, to UAH 439 million.
FUIB’s assets in the first three months of the year increased by 12.8%, to UAH 84.877 billion, in particular loans to customers – by 5.5%, to UAH 39.6 billion, and cash and cash equivalents – by 1.5 times, to UAH 21.26 billion.
The bank’s liabilities increased by 15%, to UAH 75.456 billion, in particular, customer funds – by 17%, to UAH 67.3 billion, and debt to other banks – by 35.7%, to UAH 1.84 billion.
The bank’s net worth decreased by 2.7% in three months, to UAH 9.42 billion. The charter capital remained at the level of UAH 4.78 billion.
FUIB was founded in 1991. Rinat Akhmetov is the owner of a significant stake in the bank (indirect participation is 99.9%).
According to the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 85.516 billion) FUIB ranked seventh among 73 banks operating in the country.

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FUIB SUPPORTING BUSINESS CLIENTS DURING QUARANTINE

First Ukrainian International Bank (FUIB) abolished fees for external and internal payments in national currency for all FUIB business clients.
Starting from March 30, 2020 and for the entire period of quarantine, the Bank’s business clients, regardless of the business segment, will be able to make all types of payments during the operational time without additional costs.
“Today, Ukrainian business faces a strategically important task to set up its operations in new circumstances, to find other channels of purchases and sales, controlling and optimizing its costs at the same time. However, without mutual understanding, support and synergy, including such from the banks, it will be difficult to achieve. We are aware of this, which is why we have decided to support all of our business clients by canceling the fee for making external and internal payments in national currency. The bank will continue to develop measures that will help entrepreneurs to go through the quarantine period with minimum losses,” says FUIB’s Deputy Chairman of the Board of corporate business Serhiy Mahdych.

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FIRST UKRAINIAN INTERNATIONAL BANK SEES 37% RISE IN NET PROFIT

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-September 2019 totaled UAH 1.994 billion, which is 36.8% more than a year ago (UAH 1.458 billion), according to quarterly financial statements of the bank posted on its website on Thursday.
The net profit in Q3 2019 amounted to UAH 728.905 million, which is 60.1% more than a year ago.
Net interest income in January-September 2019 increased 31% compared to the corresponding period of 2018, to UAH 3.884 billion.
The bank’s assets in January-September 2019 increased 3.2%, to UAH 51.444 billion, including loans issued to customers by 12.8%, to UAH 30.727 billion.
Bank liabilities from the beginning of the year decreased 1.2%, to UAH 43.029 billion.
The bank’s net worth for this period increased 33.1%, to UAH 8.415 billion. The charter capital remained at the level of UAH 3.294 billion.
FUIB was founded in 1991. The substantial shareholder in the bank is Rinat Akhmetov (99.9% indirectly).
According to the National Bank of Ukraine (NBU), as of July 1, 2019, FUIB ranked eighth (UAH 59.858 billion) in terms of total assets among 76 banks operating in the country.

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FIRST UKRAINIAN INTERNATIONAL BANK SEES 2.8-FOLD RISE IN NET PROFIT

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in 2018 totaled UAH 2 billion, which is a 2.8-fold rise compared with 2017, FUIB Board Chairman Serhiy Chernenko has said. “The bank has never seen such business efficiency in the entire history of the bank. We earned a record amount of profit,” the banker said at a press conference in Kyiv on Monday.
According to him, with such indicators, FUIB became the fourth bank in Ukraine in terms of profit for 2018.
Operating income of the bank after the creation of reserves amounted to UAH 5.7 billion, which is 50% more compared to the same period last year. FUIB during 2018 created reserves in the amount of UAH 0.5 billion. Compared to 2017, this indicator more than doubled due to the fact that the bank has almost completely resolved the issue of troubled debt, the banker said.
According to the results of 2018, the net interest income of FUIB increased by UAH 1.1 billion and amounted to UAH 4.1 billion. Net commission income of the bank in 2018 increased 27% and amounted to UAH 1.5 billion.
In 2018, FUIB’s net assets amounted to UAH 49.9 billion. The corporate loans portfolio amounted to UAH 14.4 billion, loans issued to individuals – UAH 8.3 billion.
The bank’s capital in 2018 increased by 31.5% and amounted to UAH 6.3 billion.
FUIB was founded in 1991. Its largest shareholder is Rinat Akhmetov (indirectly 99.901045%).
According to the National Bank of Ukraine, as of January 1, 2019, FUIB ranked eighth (UAH 59.32 billion) in terms of total assets among the 77 banks operating in the country.

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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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