OREANDA-NEWS. August 16, 2012. Over the reporting period FUIB’s net profit amounted USD 17.8 million, of which USD 12.3 million was earned in 2Q2012 doubling the result of previous period. This result is backed by growth of net interest income and net fee and commission income which amounted USD 65.9 million and USD 16.5 million respectively.

The Bank’s assets decreased by 12% to USD 3,270 million due to outflow of “hot” corporate accounts (38% down to USD 891 million). At the same time during 1H2012 the retail accounts with the Bank grew by 11% to USD 1,201 million.

During 1H2012 FUIB’s loan portfolio grew by 4% to USD 2,511 million mainly through 8% growth in the individual loan portfolio to USD 653 million and 2% growth in the corporate loan portfolio to USD 1,859 million.

FUIB’s equity increased by 2% as of June 30, 2012 and amounts to USD 618 million. The CAR (Basel) is 26.1%, which is significantly above its normative (8%).

“In first half of 2012 FUIB demonstrates high profitability and remains one the most sustainable banks in the Ukraine’s banking system, enjoying a strong and diversified balance sheet,” says Konstantin Vaysman, Chairman of the FUIB’s Management Board. “The Bank improved the structure of obligations by means of substituting loans to foreign banks with client accounts. In July FUIB has repaid the syndicated loan raised in October 2010 before maturity date. In the second half of 2012 the Bank will continue to diversify the loan portfolio via increasing the share of retail loans and enhancing the industry diversification of its corporate loans portfolio.”

FIRST UKRAINIAN INTERNATIONAL BANK (FUIB) is in the group of the Ukraine’s largest banks. It is a universal bank, especially active in commercial, retail, and investment banking operations. The Bank was founded in 1991. Its major shareholder is “SCM” Finance LLC (92.24%). The FUIB’s regional network consists of 161 outlets all over Ukraine. The Bank serves 1.5 million individual and over 20 thousand corporate customers. FUIB is a member of “Radius” ATM Network uniting over 4000 ATMs of partner banks in all regions.

In 2012 FUIB was included in the ranking "TOP 1000 World Banks" by The Banker international edition (UK) and in the ranking "100 largest CIS banks" by RIA Rating rating agency (Russia). FUIB received the Best Banking Group award by World Finance international edition (UK) in 2012. The Bank is among the leaders in informational transparency by Ukrainian banks according to findings of the surveys held by Standard & Poor’s (2010) and Credit-Rating (2011) agencies with support from Financial Initiatives Agency and the Financial Sector Development Project (FINREP) of the USAID. The FUIB’s current ratings are available at the Bank’s site in “Ratings” section.