What is First Ukrainian International Bank? First Ukrainian International Bank Review, Features

First Ukrainian International Bank is the first international bank in Ukraine, mainly providing transfer, mobile phone recharge, loan repayment and online insurance services.

About First Ukrainian International Bank

First International Bank of Ukraine is one of the leading banks in Ukraine, majority owned by SCM Holdings, a company affiliated with Rinat Akhmetov. It was founded in 1991 and is headquartered in Kyiv, Ukraine.

First Ukrainian International Bank's services

First International Bank of Ukraine mainly provides transfer, mobile phone recharge, loan repayment and online insurance services.

history

First International Bank of Ukraine was established on November 20, 1991 and registered with the National Bank of Ukraine on December 23, 1991. In April 1992, the bank started its banking operations. In 1995, the bank began cooperation with the European Bank for Reconstruction and Development (“EBRD”), and in 1996 with Deutsche Investitions-und Entwicklungsgesellschaft MbH (“DEG”). In 1999, DEG, EBRD and International Finance Corporation (“IFC”) became shareholders with 10% of the shares respectively. In 2000, Fortis Bank became a shareholder as the legal successor of Bank Mees & Hope NV. The bank was also the first Ukrainian bank to prepare IFRS financial statements (1991) and one of the first banks to receive a credit rating from an international credit rating agency.

FUIB has been a principal member of the Visa payment system since 1996, a principal member of Mastercard International since 1993, and a regular participant of the National Retail Deposit Insurance Fund. Oleksandr Shcherbakha, the bank's director of retail sales, said the bank plans to launch SWIFT payment services for US brokers in January 2022, buying and selling securities on the US stock market through applications from partner companies.