Dongorbank

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Public Joint Stock Company Dongorbank is headquartered in Donetsk, located in eastern Ukraine.

History[edit]

The bank was established with the National Bank of Ukraine as Donetsk Joint Stock Bank Aktseptbank on 6 April 1992. In July 1995 the bank was renamed into Donetsk Joint Stock Bank DONGORBANK by the decision of the general meeting of shareholders.[1] On December 2010, Central bank of Ukraine approved a reorganization plan through Dongorbank's joining the FUIB[2] - the First International Bank of Ukraine, which was endorsed by an order of a single shareholder - SCM Finance Limited. On July 16, 2011, a consolidation of First Ukrainian International Bank (FUIB) and Dongorbank was completed and starting from July 18 the combined bank actives work under a joint brand FUIB.[3][4][5]

Ratings[edit]

25 January 2011 - Moody's Investors Service has assigned the following global scale ratings to JSC Dongorbank:[6]

  • short-term national currency deposit B2/NP
  • short-term foreign currency deposit B3/NP
  • financial strength E+
  • local currency debt obligations B2
  • long-term national scale rating A3.ua

As of 1 June 2010 in the overall ranking of Ukrainian banks Dongorbank ranked:[7]

  • 23rd by the size of assets with UAH 8,797m
  • 26th by the size of shareholders' equity with UAH 1,058m;
  • 23rd by the volume of retail deposits with UAH 2,491m;
  • 15th by the size of deposits held by corporations with UAH 2,977m.

The Bank major shareholder is SCМ Finance LLC (99.99% of the share capital). Bank regional network comprises 54 sub-branches.[8]

References[edit]

External links[edit]