FUIB rated first in transparency among financial institutions in Ukraine

The first Ukrainian Index of transparency and accountability of companies has ranked First Ukrainian International Bank (FUIB) number #1 for transparency among financial institutions in Ukraine. Thus, for the second consecutive year the bank is among the leaders of transparency*.

The index was initiated by the Ukraine National Initiatives to Enhance Reforms (UNITER) project carried out by PACT and the U.S. Agency for International Development (USAID) in order to encourage companies to greater levels of information disclosure.

The index is calculated based on the methodology of Beyond Business (Israel). The Index differs mainly by the fact that any user of the Internet can check the accuracy of the results, as far as required information is publicly available. Clear and understandable criteria of assessment (reporting, navigation, accessibility, transparency) significantly reduce the level of subjectivity.

More about the survey results may be found here http://www.csr-ukraine.org/rezultati_indeksu_prozorosti.html

* In 2010 a study by the international rating agency Standard & Poor's, Agency's Financial Initiatives and Project USAID “Capital Markets", recognized FUIB as a leader (# 2) for information transparency among Ukrainian banks.