The First Ukrainian International Bank, also known as FUIB (Ukrainian: Перший Український Міжнародний Банк), is one of the leading banks in Ukraine, primarily owned by the oligarch Rinat Akhmetov through SCM Holdings. Established in 1991, the bank is headquartered in Kyiv. In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks.[3]
As of January 1, 2018, FUIB served 1.2 million private clients and more than 40,000 corporate clients.
FUIB has been a principal member of payment systems Visa since 1996 and Mastercard International since 1993. It is also a regular participant of the State Retail Deposit Insurance Fund. In January 2022, the bank plans to launch a SWIFT payment service to a broker in the United States to buy/sell securities on the US stock market in collaboration with a partner company, as stated by Oleksandr Shcherbakha, the Director of the Bank's Retail Sales and Development Department.[7]
Shareholders
The controlling shareholder of FUIB is SCM Finance, which is associated with Rinat Akhmetov and holds 92.24% of the bank's shares. SCM Finance is fully owned by SCM Group. FUIB holds nostro accounts with 37 banks, while 61 banks hold vostro accounts with FUIB.
General info
As of March 2012, FUIB held a stable rating from Moody's.[8] The bank operates through 168 outlets across Ukraine.[2] FUIB has been a member of various organizations, including the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) since 1993. In 2001 the Bank joined the Ukrainian First Stock Trading System (PFTS). In December 2010 Central bank of Ukraine approved a reorganization plan for Dongorbank by merging the two banks and incorporating Dongorbank into FUIB.[9] On July 16, 2011, a consolidation of First Ukrainian International Bank (FUIB) and Dongorbank was finalized, and the combined bank's operations commenced under the joint brand FUIB.[10][11][12]