Recent Events

30 April 2012, Monday
FUIB to Issue UAH1 Billion Bonds

The Supervisory Board of PJSC “FUIB” has resolved to issue bonds and to apply thus raised funds towards lending to individuals and corporate clients. On 27 April 2012 the meeting of the Supervisory Board of PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” (FUIB) resolved to issue publicly placed bonds series E and F. Total par value of the bond issue is UAH 1 billion. Bond type – registered interest-bearing unsecured bonds. Number of series E bonds – 500 000. Number of series F bonds – 500 000. The bonds will be in denomination of UAH 1,000 each. Issue form – uncertificated (book entry). Bonds will be... more >>>
25 April 2012, Wednesday
FUIB’s 1Q2012 Profit is UAH 38.8 Million according to Ukrainian Accounting Standards

The net profit of FIRST UKRAINIAN INTERNATIONAL BANK (FUIB) for 1Q2012 was up 4 times y-o-y and stood at UAH38.8 million. The net interest income for 1Q2012 of UAH 375.7 million was 19.0% up y-o-y; the net fee and commission income up by 12.9% y-o-y to UAH78.0 million. The Bank’s assets decreased during the period by 9.3% to UAH31.6 billion as a result of outflow of “hot” corporate accounts (38.8% down to UAH7.0 billion). Over 1Q2012 the retail accounts grew by 4.9% to UAH9.1 billion as of the end of the period. The Bank’s loan portfolio grew by 0.6% to UAH15.7 billion: the corporate loan portfolio was flat at UAH12.4 billion; the individual... more >>>
24 April 2012, Tuesday
FUIB Enhanced Profitability in 2011

FIRST UKRAINIAN INTERNATIONAL BANK announces its 2011 performance results according to IFRS FUIB’s YE2011 performance results (Y-o-Y): Profit before provisions and taxes up by 13.6% to USD76 million; Net profit down by 20.8% to USD56 million; Net assets up by 15.6% to USD3.7 billion; Gross loan portfolio up by 9.8% to USD2.4 billion; Customer accounts up by 30.5% to USD2.5 billion; Capital up by 14.8% to USD605 million. Efficiency ratios: Return on assets (ROA) before provisions and taxes accounted for 2.3% (compared to 2.2% in 2010); Return on equity (ROE) before provisions and taxes accounted for 13.6% (compared to 13,7% in 2010); Net interest... more >>>
13 April 2012, Friday
The Supervisory Board of First Ukrainian International Bank has appointed Stephan Guglieri to the position of Executive Director, member of the Management Board

The Supervisory Board of First Ukrainian International Bank (FUIB) appointed Stéphan Guglieri Executive Director, member of FUIB Management Board on April 12, 2012. Stephan will commence his new duties upon obtaining all necessary working permits. Mr. Guglieri will lead retail business development of FUIB, create more synergies between the business lines of FUIB and secure cooperation with its partner Renaissance Credit Bank. Mr. Guglieri will also be in charge of renewing retail business development strategy and enhancing the operating efficiency of retail business, while focusing his attention on launching high-quality retail products and providing top of the mark service to FUIB’s retail... more >>>
13 April 2012, Friday
FUIB Announces Resolution of the General Meeting of Shareholders

FIRST UKRAINIAN INTERNATIONAL BANK (FUIB) announces the resolution of the General Meeting of Shareholders of 12 April 2012. The General Meeting has resolved to distribute the Bank’s 2011 net profit of UAH 267.59 million as follows: 5% (UAH 13.38 million) – allocation towards the Bank’s reserve fund; 95% (UAH 254.21 million) – retained profit. more >>>
26 March 2012, Monday
FUIB Approves Coupon Rate on Series B Bonds

FUIB has approved the coupon rate of 13.75% p.a. for coupon periods 9-10 of its series B bonds. In line with the terms of the series B local currency bond issue PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” approved the coupon rate of 13.75% p.a. for coupon periods 9-10. The series B bond issue comprising 300 million non certificated bonds at par value of UAH 1,000 was registered on 28.03.2008. The previous coupon rates were as follows: periods 1-2, 13.5% p.a.; 3-4, 21%; 5-6, 17%; 7-8, 13.75%. The issue terms provide for semi-annual coupon payments and the annual put option. The bonds are maturing on 4 April 2014. Coupon Payments on Series B Bonds : No Coupon Period... more >>>
7 February 2012, Tuesday
Changes in the FUIB’s Management Board

The Supervisory Board of First Ukrainian International Bank has resolved to agree to the request of Dmitriy Krepak to remove him from the office of the Deputy Chairman of the Management Board beginning from 6 February 2012 (Minutes No 166 of 03.02.2012). Mr Krepak has held the office of the Deputy Chairman of the Management Board in charge of the Bank’s retail business growth since February 2011. The FUIB’s Management Board would like to express their gratitude for Mr Krepak’s significant contribution to development of the Bank’s retail products and services and wish him further professional achievements. more >>>
6 February 2012, Monday
FUIB’s Supervisory Board Appoints Sergey Chernenko Chief Financial Officer

The Supervisory Board of First Ukrainian International Bank (FUIB) has appointed the First Deputy Chairman of the Management Board Sergey Chernenko the Chief Financial Officer (CFO) beginning from 6 February 2012. As the Bank’s CFO Mr Chernenko will be in charge of enhancing the Bank’s accounting and reporting system, business planning and performance strengthening. “The appointment of Sergey Chernenko, an experienced top manager with thorough knowledge of FUIB, to the position of the CFO will facilitate successful implementation of our strategy; whereas, his personality of a true team leader, sociable and inspiring, will foster excellent results by our team,” says Konstantin Vaysman,... more >>>
6 February 2012, Monday
FUIB’s Supervisory Board Appoints Tomasz Wisniewski Deputy Chairman of the Management Board

The Supervisory Board of First Ukrainian International Bank (FUIB) has appointed Tomasz Wisniewski the Deputy Chairman of the Management Board responsible for operations – Chief Operations Officer (COO) beginning from 6 February 2012. The office of the COO was introduced at the Bank to enhance its operations performance. At FUIB Mr Wisniewski will be in charge of the Bank’s IT and operations. “FUIB is consistently implementing its strategy towards leadership in the domestic banking – efficient, sustainable and technologically advanced No 1 bank. And a chief operations officer is a key facilitator to this goal”, says Konstantin Vaysman, Chairman of the Management Board. “That is... more >>>
6 February 2012, Monday
FUIB Announces Resolution of the Supervisory Board

FUIB reorganises its regional network and introduces the Bank’s universal sort code (MFO). On 3 February 2012 the Supervisory Board of FUIB resolved to transfer simultaneously ten Bank’s branches together with subordinated outlets on their balance sheets to the FUIB’s sort code (MFO 334851) beginning from 21 April 2012. As the result, all the FUIB’s branches, that now have their own balance sheets, will be reorganised into non-accounting branches of FUIB, “Regional Centres”; whereas, the outlets now subordinated to the branches will remain subordinated to the “Regional Centres”. On 12 November 2011 FUIB completed successfully the first (pilot) phase of the... more >>>
26 January 2012, Thursday
FUIB’s Net Profit for 2011 of UAH 268 Million

First Ukrainian International Bank (FUIB) announces its 2011 performance results under Ukrainian National Accounting Standards. The net profit for 2011 of UAH 268.2 million is 14.3% up versus 2010. The net interest income for 2011 of UAH 1.476 billion is 48.8% up versus 2010; the net fee and commission income of UAH 313.172 million, 44.9% up. Over the reporting year the assets grew by 92.6% to UAH 34.866 billion. The loan portfolio is up by 44.6% to UAH 19.695 billion (corporate loans, up by 41.6% to UAH 14.543 billion; retail loans, up by 53.7% to UAH 5.152 billion). At 01 January 2011 the LLP is UAH 4.121 million or 20.92% of impaired loans (01.01.2011: UAH 3.010 billion, 22.10%). Over 2011 the... more >>>
22 December 2011, Thursday
Changes in the FUIB’s Management Board

The Supervisory Board of FIRST UKRAINIAN INTERNATIONAL BANK has resolved to agree to the request of Gennadiy Molodchinnyi to remove him from the office of the First Deputy Chairman of the Management Board beginning 23 December 2011 (Minutes No 164 of 21.12.2011). Mr Molodchinnyi has held the office of the First Deputy Chairman of the Management Board since April 2010. He joined the FUIB’s team in 1997 as the Head of the Bank’s Development Division and was further promoted to the Head of the HR Division and to the Deputy Chairman of the Management Board. At FUIB Mr Molodchinnyi was in charge of the Bank’s IT and branch network development and operations.... more >>>
22 December 2011, Thursday
Registration of the Additionally Issued FUIB’s Shares with the Securities and Stock Market National Commission is Completed

The Securities and Stock Market National Commission has registered the additionally issued common registered shares shares of PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK”. Thus, the procedure for increasing the Bank’s share capital as the result of reorganisation of PJSC “DONGORBANK” through consolidation by way of accession to the Bank is completed. Now, the total number of the Bank’s uncertificated ordinary inscribed shares is 14,323,880 totalling UAH 3,294,492,400.00. As previously reported, on 21 October 2011 the General Meeting of Shareholders approved amendments to the FUIB’s Articles of Association due to the Bank’s... more >>>
1 December 2011, Thursday
Highest Credibility of Deposits with FUIB – Credit-Rating Agency

Credit-Rating agency upgrades the ratings assigned to FUIB with stable outlook. Credit-Rating agency upgraded the ratings assigned to PJSC “FUIB”: Long-term Credit Rating from uaА to uaАА- with stable outlook; Bank Deposit Rating, to 5 (highest deposit strength). The rating action was implemented on the basis of the FUIB’s financial statements for 2009-2010 and 1H2011 and other data provided by the Bank for rating purposes. According to the applied rating scale the borrower or debt instrument with assigned uaAA Credit Rating is characterised by the highest creditworthiness against other Ukrainian borrowers or debt instruments. Plus (+) and Minus (-) signs indicate rating subcategories... more >>>
28 November 2011, Monday
FUIB Leads in Information Disclosure by Joint Stock Companies

FUIB is ranked second in the Best Regular Information Disclosure by Corporate Bond Issuers nomination of the Best Regular Information Disclosure by Joint Stock Companies annual contest of the Securities and Stock Market National Commission aimed at enhancing transparency and disclosure in the domestic stock market. FUIB deliberately enhances transparency and openness of its business. As one of the largest banks with Ukrainian capital (No 2 by assets among privately-owned banks and No 9 by assets in the Ukraine’s banking system) FUIB consistently complies with the international information disclosure standards as it is important for the general public, business and investment community, the... more >>>
21 November 2011, Monday
FUIB Reports Profit for 9M2011 of US$48 million

First Ukrainian International Bank announces its performance results for 9 months of 2011 under International Financial Reporting Standards (IFRS). FUIB’s performance highlights for the period ended 30 September 2011 versus 9M2010 are as follows: Net Profit up by 35.7% to US$47.9 million Net Assets up by 44.3% to 3.22 billion; Gross Loan Portfolio up by 41.8% to 2.4 billion; Customer Accounts up by 95.0% to US$2.0 billion; Equity up by 52.5% to US$673.0 million. Efficiency Ratios: Return on Assets (ROA) stable at – 2.3%; Return on Equity (ROE) up to 12.5% (30 September 2011:... more >>>
27 October 2011, Thursday
FUIB Confirms its Leadership in Information Transparency and Disclosure by Ukrainian Banks

First Ukrainian International Bank (FUIB) is among three leaders in information transparency by Ukrainian banks according to the research by Credit-Rating agency, the Financial Initiatives Agency and the Financial Sector Development Project (FINREP) of the U.S. Agency for International Development (USAID). According to the 2011 research findings FUIB ranked No 2 in the Information Transparency and Disclosure by Ukrainian banks, its information disclosure score being 62.07% (the average score for TOP 30 banks in the ranking being 46%). FUIB was ranked No 2 in the Transparency and Disclosure by Ukrainian Banks 2010 joint research of Standard & Poor’s rating agency with... more >>>
20 October 2011, Thursday
3Q 2011 FUIB net profit amounted to UAH160.8 million

First Ukrainian International Bank announces 3Q 2011 financial results according to the National Accounting Standards. During the first 9 months of 2011 FUIB earned UAH160.8 million in net profit, twice more than in the same period last year. The Bank's assets grew by 3.7% over the reporting period to UAH29.3 billion as of September 30, 2011. The Bank’s loan portfolio increased by 4.3% to UAH18.7 billion, while the corporate loan portfolio increased by 7.6% to UAH14.1 billion, and the retail loan portfolio shrunk by 4.8% to UAH4.5 billion. For nine months of 2011 FUIB liabilities grew by 6.1% to UAH26.2 billion as of September 30, 2011. FUIB retains the positive growth dynamic in both... more >>>
11 October 2011, Tuesday
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... more >>>
16 August 2011, Tuesday
1H2011 FUIB net profit amounted to U.S.$14.2 million

First Ukrainian International Bank announces its 1H2011 financial results according to International Financial Reporting Standards (IFRS). During the first six months of 2011 FUIB earned U.S.$14.2 million net profit. As of June 30, 2010 the Bank's assets amounted to U.S.$2,198.1 million. Over the reporting period the Bank’s loan portfolio grew by 5.5 per cent to U.S.$1,808.8 million ensured by an increase in corporate loan portfolio (8.9 per cent to U.S.$1,408.3 million). In the first half of 2011 the structure of FUIB liabilities was improved due to a substitution of indebtedness due to foreign banks and the National Bank of Ukraine (NBU) being repaid ahead of schedule for customer accounts. Total... more >>>
18 July 2011, Monday
FUIB and Dongorbank have completed a consolidation

On July 16 2011 a consolidation of First Ukrainian International Bank (FUIB) and Dongorbank has been completed. The banks have consolidated balance sheets and branch networks. Commencing from July 18 the combined bank has started working under a joint brand FUIB. On July 15th the General Shareholders Meeting has made a decision to increase the share capital and issue additional shares of FUIB in the amount of registered capital of Dongorbank, which is the final step in the reorganization process of consolidation of Dongorbank and FUIB. The General Shareholders Meeting has also adopted procedures and conditions for the exchange of FUIB stocks for Dongorbank ones. The Banks have consolidated balance sheets and... more >>>
24 June 2011, Friday
FUIB Releases its Annual Report 2010

First Ukrainian International Bank (FUIB) released its Annual Report 2010 . The FUIB’s Annual Report 2010 gives a brief overview of the Bank’s new Growth Strategy for 2010-2014 aiming at reaching by the Bank TOP 5 Ukraine’s financial institutions over the next four years, with it’s market share not less than 5% and becoming the best bank in Ukraine by quality of service. In 2010 FUIB paved the way for further growth: developed the new Strategy, Mission and Values, reorganised its organisational structure. In addition, it was set up the Strategic Marketing Department and the Project Management Office, developed the IT Strategy – these fundamentals will... more >>>
19 May 2011, Thursday
Moody’s Has Changed FUIB Outlook to Stable from Negative

Moody's Investors Service has today changed the outlook on the B2 global local currency deposit and foreign currency debt rating of First Ukrainian International Bank (FUIB) to stable from negative. Concurrently, Moody's has upgraded the National Scale Rating (NSR) to A2.ua from A3.ua and affirmed all other ratings of the bank: the standalone E+ Bank Financial Strength Rating (BFSR, which maps to the long-term scale of B2), B3 long-term foreign currency bank deposit rating, Not Prime short-term local and foreign currency deposit rating. All global scale ratings and the BFSR carry a stable outlook, whilst the NSR carries no specific outlook. The rating actions follow Moody's assessment of FUIB's audited financial... more >>>
20 April 2011, Wednesday
General Meeting of Shareholders: keeping no dividend policy and appointment of a new member of the Supervisory Board

The Bank’s YE2010 profit of US$54 million – the highest ever in its history – covers the loss incurred by the Bank in the crisis year 2009. Today the General Meeting has approved the following distribution of FUIB’s Profit for 2010: 5% to be transferred to the Reserve Fund; 95% to be used for covering FUIB losses in the previous years. FUIB General Meeting also approved Natalia Izosimova, Managing Director of the Foundation for Effective Governance, as a new member of the Supervisory Board of FUIB. Hence, the following composition of the Supervisory Board of FUIB has been approved to date: Iliya Arkhipov – Chairman of the Supervisory Board (representative of SCM... more >>>
12 April 2011, Tuesday
FUIB Reports its Record High Profit of US$54 Million

Today First Ukrainian International Bank announces its 2010 performance results according to the International Financial Reporting Standards (IFRS). Financial Results The Bank’s YE2010 profit of US$54 million – the highest ever in its history – covers the loss incurred by the Bank in the crisis year 2009. Over the reporting period the Bank’s assets grew by 11.8% to US$2,222.2 million versus US$1,987.3 million at year-end 2009. Upon approval of its new Credit Policy FUIB resumed lending to corporate and individual clients, though the loan portfolio showed moderate growth under conditions of high credit risks in the system. The total loan portfolio grew by 0.5% to US$1,714.4... more >>>
11 March 2011, Friday
The Acquisition of Renaissance Capital Bank with FUIB as a Financial Adviser

On March 11, 2011, the transaction on purchasing 100% of Renaissance Capital Bank, a part of Renaissance Group, has been closed by SCM Group as the Purchaser and Renaissance Group as the Vendor. First Ukrainian International Bank (FUIB) has acted as a financial adviser to SCM Group delivering full range of advisory services supporting the transaction from its launch till closing. The acquisition is one of the first cross-border transactions of FUIB in the M&A market, where the Bank acted as a financial advisor, and one of a few M&A transactions on the Ukrainian banking map within the post-crisis period. more >>>
31 December 2010, Friday
NBU grants permission for consolidation of FUIB and Dongorbank

On December, 22, the National Bank of Ukraine (NBU) has granted its permission for reorganising Dongorbank by way of accession by First Ukrainian International Bank (FUIB). “Now, having obtained the Regulator’s permission for consolidation of two financial institutions of the SCM Group, we can speak of a legal commencement of the FUIB and Dongorbank’s integration process,” Ilya Arkhipov, Chairman of the Supervisory Boards of both banks, says. “We see that the financial services market of Ukraine has stabilised and our banks are ready for the integration. As the shareholders of FUIB and Dongorbank we are absolutely confident that the consolidation will pass smoothly and expect it to be... more >>>
28 December 2010, Tuesday
FUIB as a financial advisor in purchase of JSC 'Renaissance Capital'

FUIB (First Ukrainian International Bank) has acted as a financial advisor in the deal on purchasing 100% stake in JSC “Bank Renaissance Capital” (“Renaissance Credit” brand) by SCM Group, having delivered consulting and deal structuring services. This deal is of utmost importance for the business of SCM Group, which is why the best in-house competencies of its banking group were involved in implementation thereof. Supporting the purchaser throughout all time-consuming stages of the deal, including without limitation, due diligence of the target, deal structuring, negotiations and execution of all required documentation, FUIB secured optimum balance of interests of the parties... more >>>
9 November 2010, Tuesday
FUIB concludes consent solicitation

PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” (“FUIB”) has concluded a consent solicitation in respect of the U.S.$275,000,000 11 per cent. Loan Participation Notes due 2014 (the “Notes”), of which U.S.$257,424,000 are currently outstanding, issued by, but without recourse to, Standard Bank Plc, (the “Issuer”) for the sole purpose of funding a loan to FUIB. The purpose of the solicitation, as more fully described in a consent solicitation memorandum dated 5 October 2010 (the “Consent Solicitation Memorandum”), was to request Noteholder approval for certain amendments to 1) the terms and conditions of the Notes; 2) the Original Loan... more >>>
9 November 2010, Tuesday
FUIB obtains lenders’ consent to make certain amendments to the loan agreement

"PUBLIC JOINT STOCK COMPANY“ FIRST UKRAINIAN INTERNATIONAL BANK” (“FUIB”) has obtained lenders’ consent under the syndicated loan facility with face value of U.S.$237 million to make certain amendments to the respective loan agreement. In particular lenders have given consent to the anticipated corporate reorganisation of FUIB and PJSC "Dongorbank" by way of merger or accession and a waiver of FUIB’s obligation to procure an injection of additional U.S.$50 million capital by the end of 2010 due to a high current level of FUIB’s capitalisation. Further amendments include the margin over the USD Libor increase to 3.25 per cent from 2.50 per cent and a change of the maturity... more >>>
13 October 2010, Wednesday
FUIB became a leader of informational transparency

FUIB (First Ukrainian International Bank) has been recognized a leader of informational transparency among the Ukrainian banks according to the results of the research held by the international rating agency Standard&Poor’s (S&P), Agency of Financial Initiatives and the USAID project Development of Capital Markets. According to the research, FUIB took the second place with the score of 60,9%, which became a significant step to transparency of the Bank. From year to year FUIB improves its rates of informational transparency: in 2009 the Bank held the 10 th place in the S&P ranking, while in 2008 – the 13 th position. This achievement is especially important against the background of... more >>>
6 October 2010, Wednesday
FUIB announces consent solicitation

"PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” (“FUIB”) has announced a consent solicitation in respect of the U.S.$275,000,000 11 per cent. Loan Participation Notes due 2014 (the “Notes”), of which U.S.$257,424,000 is currently outstanding, issued by, but without recourse to, Standard Bank plc, (the “Issuer”) for the sole purpose of funding a loan to FUIB (the “Loan”). The purpose of the solicitation, as more fully described in a consent solicitation memorandum dated 5 October 2010 (the “Consent Solicitation Memorandum”), is to request Noteholder approval for certain amendments to 1) the Terms and Conditions of the Notes; 2)... more >>>
21 September 2010, Tuesday
Supervisory Boards of FUIB and Dongorbank announce forthcoming merger of two banks

On September 10, 2010, the Supervisory Boards of FUIB (First Ukrainian International Bank) and Dongorbank have recommended the Banks’ shareholders to merge two banks by means of accession Dongorbank to FUIB. The decision will come into force upon its approval by the Banks’ shareholders at their general meetings. On September 10, 2010, the Supervisory Boards of FUIB (First Ukrainian International Bank) and Dongorbank have recommended the Banks’ shareholders to merge two banks by means of accession Dongorbank to FUIB. The decision will come into force upon its approval by the Banks’ shareholders at their general meetings. The key goal of the cooperation – enhancement of efficiency and... more >>>
23 June 2010, Wednesday
FUIB Rating is Upgraded by Credit-Rating

Credit-Rating rating agency has upgraded the long-term credit rating of FUIB (First Ukrainian International Bank) from uaBBB up to uaA, outlook stable. The Bank rating was reviewed by the agency on the basis of the FUIB financial statements for 2005-2009 and the first quarter of 2010, the Bank internal information was submitted by the Bank within the framework of the rating process. According to the rating scales applied by Credit-Rating “An obligor or a debt liability with uaA credit rating is characterized with the high creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is compliant to adverse changes in commercial, financial and economic... more >>>
29 January 2010, Friday
FUIB Supervisory Board appoints Konstantin Vaysman to the position of Chairman of the Management Board

The Supervisory Board of FUIB (First Ukrainian International Bank) has made a decision to appoint Konstantin Vaysman to the position of Chairman of the Management Board. Until Mr. Vaysman is approved by the National Bank of Ukraine, Gennadiy Molodchinnyi will be Acting Chairman of the Management Board. "FUIB has been and remains a strategically important assets of SCM, we are confident in its growth potential, and we are going to pay significant attention to its development. At present the Bank possesses everything that can foster its prosperity: first of all, the clients and partners’ trust in the Bank, support on the part of its shareholders, and professional team," Ilya Arkhipov, Deputy Chairman... more >>>
27 January 2010, Wednesday
FUIB reaches accord with the creditors in terms of the bank external debt restructuring

“The process of restructuring the Bank external debt is a unique one in the contemporary history of the Ukrainian business, talking into account success of the achieved result, restructuring scale, number of instruments involved, complexity of the deal, applied financial techniques, and approaches to the creditors”, Rafal Juszczak, Chairman of the FUIB Management Board, dwells on the stages and completion of the debt restructuring process. “Within the framework of the debt restructuring process the Bank acted on the basis of the principles of proactivity, transparency, honesty, and equality in relation to its creditors, adhered to the world best practices and traditions. We have offered the... more >>>