FUIB has fulfilled ahead of schedule all its obligations to the regulator to reduce the debt of related parties

FUIB has implemented an action plan to bring the H9 standard in line with the requirements of the regulator ahead of schedule. This was made possible by reducing the credit indebtedness of some SCM companies by more than 73 million US dollars.

Currently, the actual value of the standard for lending to related parties in FUIB is 10.9% with the standard value of the National Bank defined as not more than 25%.  Thus, today FUIB complies with all standards set by the regulator.

"As a system-forming and largest Ukrainian bank with private capital, we are aware of our responsibility both to our customers and to the banking system of Ukraine. Early entry into the H9 standard and the bank's compliance with all the National Bank's standards testify to the stability of FUIB's business model, which has been tested by several crises and has once again proved its effectiveness. Today, our bank is more than ever ready for external challenges” stressed Serhiy Chernenko, FUIB's chairman of the board.

FUIB successfully passed the stress testing of the National Bank in 2019 and the first stage of assessing the bank's stability in 2020.  According to the new methodology of the NBU, FUIB was recognized as a system-forming bank, which imposes additional obligations on the bank, in particular to ensure uninterrupted operation and fulfill all obligations to customers.

We would like to remind that since 2016, the bank has been gradually reducing the H9 ratio, in accordance with the action plan agreed with the National Bank with a deadline set as January 1, 2021.