13 October 2010, Wednesday
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 10th place in the S&P ranking, while in 2008 – the 13th position.
This achievement is especially important against the background of overall decline of Ukrainian banking system transparency by 6.1 points in 2010, 42.7% compared to last year’s rates.
The research involves the assessment of informational transparency of 30 biggest banks of Ukraine and is based on a methodology developed by S&P. The principle of well-timed disclosure of relevant information for investors and other persons concerned (analysts, clients etc.) underlies the methodology.
