First Ukrainian International Bank is part of SCM’s business and operates as a responsible business. Through its activities, FUIB not only ensures sustainable financial results, but also contributes to the social and economic growth of Ukraine.
In 2013, the bank implemented its Corporate Social Responsibility Policy and became a member of the UN Global Compact. In February 2018, FUIB adopted the Sustainable Development Strategy, which replaced the Corporate Social Responsibility Policy. In December 2023, the bank adopted the “Sustainable Development Declaration of JSC “FUIB”, which defined the strategic goals, principles and organizational structure of the bank’s sustainable development for 2024-2028. The key priorities of the bank are the welfare and development of employees, quality of products and services, development of local communities and business environment, minimization of negative impact on the environment, and financial literacy of the population.
First Ukrainian International Bank is part of SCM’s business and operates as a responsible business. Through its activities, FUIB not only ensures sustainable financial results, but also contributes to the social and economic growth of Ukraine.
In 2013, the bank implemented its Corporate Social Responsibility Policy and became a member of the UN Global Compact. In February 2018, FUIB adopted the Sustainable Development Strategy, which replaced the Corporate Social Responsibility Policy. In December 2023, the bank adopted the “Sustainable Development Declaration of JSC “FUIB”, which defined the strategic goals, principles and organizational structure of the bank’s sustainable development for 2024-2028. The key priorities of the bank are the welfare and development of employees, quality of products and services, development of local communities and business environment, minimization of negative impact on the environment, and financial literacy of the population.
Act systemically. The concept of sustainable development is integrated into business strategy and is taken into account when planning and implementing all our projects.
Work efficiently. We are using modern approaches to doing business, are constantly improving processes and methods of doing business, are efficiently using resources and are looking for new opportunities for business development, minimizing the use of exhaustible resources.
Respect the interests of partners, customers and the society in general. We respect the interests of partners, customers and the society in general and build relationships with them on the basis of principles of decency, honesty, openness and mutual trust.
Provide decent and safe working conditions. We acknowledge employees as the most important asset and provide safe working conditions, decent level of wages and social benefits for them.
Respect human rights. We respect and observe human rights and freedoms and do not accept discrimination.
Improve the quality of life in the presence regions. We are a responsible corporate citizen and invest in the improvement of quality of life in the presence regions, and promote sustainable development of Ukraine.
Strive for prevention and reduction of environmental impact. We strive for continuous reduction of our negative environmental impact and carry out responsible financing.
Act systemically. The concept of sustainable development is integrated into business strategy and is taken into account when planning and implementing all our projects.
Work efficiently. We are using modern approaches to doing business, are constantly improving processes and methods of doing business, are efficiently using resources and are looking for new opportunities for business development, minimizing the use of exhaustible resources.
Respect the interests of partners, customers and the society in general. We respect the interests of partners, customers and the society in general and build relationships with them on the basis of principles of decency, honesty, openness and mutual trust.
Provide decent and safe working conditions. We acknowledge employees as the most important asset and provide safe working conditions, decent level of wages and social benefits for them.
Respect human rights. We respect and observe human rights and freedoms and do not accept discrimination.
Improve the quality of life in the presence regions. We are a responsible corporate citizen and invest in the improvement of quality of life in the presence regions, and promote sustainable development of Ukraine.
Strive for prevention and reduction of environmental impact. We strive for continuous reduction of our negative environmental impact and carry out responsible financing.
In December 2023, the Bank adopted the “Sustainable Development Declaration of JSC “FUIB”, which defined the strategic goals, principles and organisational structure of the bank’s sustainable development. The key priorities of FUIB are the welfare and development of employees, quality of products and services, development of local communities and business environment, minimization of negative impact on the environment, and financial literacy of the population.
The Bank supports the 17 UN Sustainable Development Goals and implements them in its operations by integrating these goals into three main components: environmental, social and governance (ESG).
In December 2023, FUIB approved the “FUIB’s Sustainable Development Strategy for 5 years”, which is aimed at:
- promoting the comprehensive development of the bank as a sustainable business that is fully aware of its responsibility to all stakeholders;
- complying with the legislation of Ukraine in the field of sustainable development;
- ensuring a unified approach to the management of the environmental and social management system;
- preventing and minimizing negative impact on the environment in terms of responsible consumption;
- ensuring open and transparent communication on sustainable development issues.
In its Strategy, FUIB has consolidated its aspirations to support the UN Sustainable Development Goals by setting 10 main objectives and 31 qualitative indicators for measuring the achievement of these objectives for 2024.
Since 2024, FUIB started to measure the achievement of the goals through regular monitoring of ESG indicators.
FUIB has appointed members of the Management Board responsible for the areas of sustainable development: human rights; labour law/decent work; environment; combating corruption.
2024 was a period of stable improvement in FUIB's financial results. The bank showed growth of about 20% in all key areas. FUIB digitalized all the bank's services and products. The share of customers coming from Digital channels has increased to 75%. FUIB's mobile app is actively used by more than 80% of individual customers. The bank also uses AI to optimize and improve the bank's business processes and services.
FUIB's net profit for 2024 amounted to UAH 3.95 billion, which allowed the bank to become one of the leaders in the country's banking market. The bank's assets grew by 22% in 2024, and the bank's equity increased by almost 28%. FUIB is one of the top 10 Ukrainian banks in terms of assets.
In 2024, FUIB paid taxes and fees to the budget in the amount of UAH 6.9 billion, and became one of the leaders in taxes paid among banks.
In 2024, funding for social initiatives reached over UAH 346 million. The main efforts were made to support employees and customers, defenders, business and the state, help the wounded and promote blood donation, integration of war veterans into civilian life.
FUIB is a systemically important bank of Ukraine, authorized to store cash of the National Bank of Ukraine, a reliable partner for customers, individuals and companies. Even in times of war, the bank fully fulfils its obligations to partners, customers, employees and the state; it supports its stakeholders in difficult times. FUIB maintains a balance of sustainable development of business, team and society.
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