On October 27, 2014 the General Meeting of Shareholders of the PJSC "First Ukrainian International Bank" (FUIB) and the JSC "Renaissance Capital Bank" (TM "Renaissance Credit Bank") resolved to reorganize the JSC "Renaissance Capital Bank" by affiliating it to the PJSC "FUIB".
“Affiliation of the "Renaissance Credit" bank to the FUIB is the next step that brings us closer to the main goal, that is, the creation of a universal bank, which will become a leader in the Ukrainian market, commented on the shareholders' decision Illia Arkhipov, Chairman of the Supervisory Board of FUIB. – Our Banks are ready for the integration, and the work that we have already carried out will help make the process of merger as comfortable as possible for our clients, partners and employees."
As a result of the reorganization, the FUIB will become an assignee of all rights and obligations of the "Renaissance Credit" bank in relation to its clients, partners and counterparties. The process of affiliation will take place under the supervision of the National Bank of Ukraine and the Anti-Monopoly Committee and will be completed by the end of 2015. Work patterns of both banks, the FUIB and the "Renaissance Credit" bank, with clients during the period of reorganization will remain unchanged.
"Our goal is the synergy of the strongest aspects of the two banks. On the one hand, it is the reliability of FUIB confirmed by the results of the stress testing of the NBU, high quality of service and expertise in working with high-yield market segments. On the other hand, it is the operational efficiency and simplicity, the experience in the development of consumer loans from the "Renaissance Credit" bank, the leader in this segment. We understand that the set goal is rather ambitious, especially under the current market conditions, but we are confident that the experience and professionalism of the merged bank's team will help achieve it," stated Serhiy Chernenko, the CEO of the FUIB and the Chairman of the Supervisory Board of the "Renaissance Credit" Bank.
The First Ukrainian International Bank (FUIB) is included to the group of the largest banks of Ukraine, and it is a universal bank, whose activities are focused on commercial, retail and investment banking operations. The Bank was founded in 1991. The main shareholder of the bank is the LLC "SCM Finance" (92.24% of the capital stock), the part of the SCM Group. The Bank provides services for 1.5 million private clients and more than 20 thousand corporate clients.
JSC "RENAISSANCE CAPITAL BANK" (TM "Renaissance Credit") is included to the FUIB Banking Group. Since 2006, the bank has been specializing in the provision of services for individuals: provision of cash loans, consumer loans, credit cards and deposits. Bank's retail network covers more than 300 cities in Ukraine.
Since 2013, both banks are included to the "FUIB" Banking Group, which is owned by the "SCM" Group. Since 2013, 100% of the JSC "Renaissance Capital Bank's" shares are owned by the PJSC "FUIB".
The SCM Group includes: the companies "Metinvest" and DTEK, the First Ukrainian International Bank and the "Renaissance Capital Bank", "ASKA" and "ASKA-Life", Vega telecommunication group, "Media Group Ukraine", "ESTA Holding" (real estate) "Ukrainian retail" (retail sales), UMG (clay mining), "Parallel" (the operator of the petroleum products market), "Harveast" (agriculture), mechanical engineering holding CorumGroup, transportation holding "Portinvest" and others.
The Chief Executive Officer of the SCM Company is Popov Oleh Mykolaiovych.
100% of the SCM Company's shares are owned by the businessman Rinat Akhmetov.
Website of the SCM Company: www.scm.com.ua
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