Also in the bank to personnel changes. However, the main problem of the First Ukrainian International Bank (FUIB) is still not solved.
FUIB yesterday reported that restructured the entire portfolio of loans worth $ 512 million, which includes Eurobonds, syndicated loans and bilateral agreements.
In particular, in 2007, were issued Eurobonds for $ 275 million for him FUIB proposed to extend the maturity from 2010 to 2014, increasing the coupon from 9,75% to 11% per annum. In addition to increased profitability, in February this year the bank to prepay 8% of the nominal amount of debt to those who accepted his conditions.
“All the other instruments, including syndicated and bilateral loans were consolidated into a single pool of obligations amounting to $ 237 million and will now submit a single syndicated loan serviced under the same conditions: Maturity Date - December 31, 2014, interest rate Libor 2,5% (from 2013 - Libor 3 %)”,- reported in the bank.
Also
FUIB is going to build up capital by means of subordinate debt. SCM has helped the bank to obtain additional capital in the form of subordinated debt in the last year and in 2010 we also plan to help the bank to organize the involvement of additional subordinated debt amounting to about $ 50 million - said yesterday, a member of the supervisory board of Nadra Bank, Director of Business Development SCM Ilya Arkhipov.
He said that the main task that confronts the major shareholder of the bank (SCM Finance is the holder of 89.87% shares), - making money. According to Arkhipova, even in 2008, SCM Finance “as a separate structure to manage the financial assetsof the group ceased to exist. The company is a holder of shares in banks SCM, however, in reality managers working in the structure of SCM. Arkhipov explained this decision that the group abandoned plans for an MA in the financial sector.
This
FUIB and Dongorbank not received greater autonomy, but gained greater significance in the group. How will banks continue to evolve in SCM has not yet spoken. Arkhipov said that right now the team is exploring options for development and six months will be ready to call a new direction. “Now for me it is also the question”, - confessed Ilya Arkhipov. Recall the previous version of the financial power of SCM thought that FUIB become a universal bank national scale, focused on the middle class. Dongorbank is seen as a regional corporate bank.
According to Ilya Arkhipov, the owner does not plan to sell banks: “The association is one of the options for development. But if his conduct, you probably should wait for more stable economic situation.”
Chairman FUIB Rafal Yuschak added that just now is being revised strategy of the bank. Previous been developed in autumn 2008, just at the beginning of the financial crisis. Therefore, the plans failed to realize. “We survived,” - explained Yuschak, explaining FUIB than engaged in 2009 after the issues with liquidity bank will focus on reducing credit risk.
parallel we are working on increasing staff. In particular, nabsoveta appointed Deputy Chairman of the Board Helen Dyatlov. Prior to that, she served as head of department of personnel services company DHL International - Ukraine “, and was previously Head of remuneration and motivation of personnel management at Alfa Bank. In addition, there are rumors that it”s possible change of heads of government. According to Arkhipova, now on this topic is negotiated with Constantine Waismann, who served as first vice president for strategy and finance in Russia”s financial corporation UralSib, and before that held senior positions in three Russian banks.
According to the President of Ukrainian intelligence center Alexander Okhrimenko, divide and specialize FUIB Dongorbank would be ideal: “market, I would have done FUIB, because he has a large network and a positive image. Dongorbank would be a good corporate bank or banks for a VIP clients.
vice-president of one of the system of banks noted that FUIB become easier, but it did not solve his main problem - most of the turnover of bank “tied” to the enterprises of SCM, which are experiencing difficulties. “They took great credit for the reconstruction of production, but did not manage to finish updating facilities. For this reason, they are now losing the competition in the markets of Russia and Asian countries”, - said the financier.
In general, last year, Ukrainian metallurgy has lost half of sales. It is possible that the SCM in this respect, feels better, because it has an almost monopolistic position in the market for iron ore and coking coal. And yet, says the banker, the group companies is very difficult to service received FUIB loans.
“Now the bank is trying to keep his balance. It attracts deposits, temporary closing of gaps in liquidity and expects better times. Of course, when the steel industry comes to life, all these gaps will disappear. But it is unlikely to happen in the next six months. FUIB Therefore, it is now important to wait” - stressed the financier.
In anticipation of tomorrow”s publication of strong data on U.S. GDP for the IV quarter of this desire to play down will be insignificant
Dynamics trades on the market of Russia will be determined by the changing situation on the commodity and currency sites
Review of the FOREX market for 27.01.10
Season records continues
Crisis affect
Obama intends to freeze the number of government programs
Ghost of default
Nouriel Roubini od27n the fears of sovereign risk and paradoxes of the struggle with the deficit and debt …
Oil on Thursday traded below $ 74 a barrel on the growth stocks in the U.S.
Obama Speech infuse optimism in the stock markets of the Asia-Pacific
Akhmetov was not identified with the banks
Also in the bank to personnel changes. However, the main problem of the First Ukrainian International Bank (FUIB) is still not solved.
FUIB yesterday reported that restructured the entire portfolio of loans worth $ 512 million, which includes Eurobonds, syndicated loans and bilateral agreements.
In particular, in 2007, were issued Eurobonds for $ 275 million for him FUIB proposed to extend the maturity from 2010 to 2014, increasing the coupon from 9,75% to 11% per annum. In addition to increased profitability, in February this year the bank to prepay 8% of the nominal amount of debt to those who accepted his conditions.
“All the other instruments, including syndicated and bilateral loans were consolidated into a single pool of obligations amounting to $ 237 million and will now submit a single syndicated loan serviced under the same conditions: Maturity Date - December 31, 2014, interest rate Libor 2,5% (from 2013 - Libor 3 %)”,- reported in the bank.
Also
FUIB is going to build up capital by means of subordinate debt. SCM has helped the bank to obtain additional capital in the form of subordinated debt in the last year and in 2010 we also plan to help the bank to organize the involvement of additional subordinated debt amounting to about $ 50 million - said yesterday, a member of the supervisory board of Nadra Bank, Director of Business Development SCM Ilya Arkhipov.
He said that the main task that confronts the major shareholder of the bank (SCM Finance is the holder of 89.87% shares), - making money. According to Arkhipova, even in 2008, SCM Finance “as a separate structure to manage the financial assetsof the group ceased to exist. The company is a holder of shares in banks SCM, however, in reality managers working in the structure of SCM. Arkhipov explained this decision that the group abandoned plans for an MA in the financial sector.
This
FUIB and Dongorbank not received greater autonomy, but gained greater significance in the group. How will banks continue to evolve in SCM has not yet spoken. Arkhipov said that right now the team is exploring options for development and six months will be ready to call a new direction. “Now for me it is also the question”, - confessed Ilya Arkhipov. Recall the previous version of the financial power of SCM thought that FUIB become a universal bank national scale, focused on the middle class. Dongorbank is seen as a regional corporate bank.
According to Ilya Arkhipov, the owner does not plan to sell banks: “The association is one of the options for development. But if his conduct, you probably should wait for more stable economic situation.”
Chairman FUIB Rafal Yuschak added that just now is being revised strategy of the bank. Previous been developed in autumn 2008, just at the beginning of the financial crisis. Therefore, the plans failed to realize. “We survived,” - explained Yuschak, explaining FUIB than engaged in 2009 after the issues with liquidity bank will focus on reducing credit risk.
parallel we are working on increasing staff. In particular, nabsoveta appointed Deputy Chairman of the Board Helen Dyatlov. Prior to that, she served as head of department of personnel services company DHL International - Ukraine “, and was previously Head of remuneration and motivation of personnel management at Alfa Bank. In addition, there are rumors that it”s possible change of heads of government. According to Arkhipova, now on this topic is negotiated with Constantine Waismann, who served as first vice president for strategy and finance in Russia”s financial corporation UralSib, and before that held senior positions in three Russian banks.
According to the President of Ukrainian intelligence center Alexander Okhrimenko, divide and specialize FUIB Dongorbank would be ideal: “market, I would have done FUIB, because he has a large network and a positive image. Dongorbank would be a good corporate bank or banks for a VIP clients.
vice-president of one of the system of banks noted that FUIB become easier, but it did not solve his main problem - most of the turnover of bank “tied” to the enterprises of SCM, which are experiencing difficulties. “They took great credit for the reconstruction of production, but did not manage to finish updating facilities. For this reason, they are now losing the competition in the markets of Russia and Asian countries”, - said the financier.
In general, last year, Ukrainian metallurgy has lost half of sales. It is possible that the SCM in this respect, feels better, because it has an almost monopolistic position in the market for iron ore and coking coal. And yet, says the banker, the group companies is very difficult to service received FUIB loans.
“Now the bank is trying to keep his balance. It attracts deposits, temporary closing of gaps in liquidity and expects better times. Of course, when the steel industry comes to life, all these gaps will disappear. But it is unlikely to happen in the next six months. FUIB Therefore, it is now important to wait” - stressed the financier.
In anticipation of tomorrow”s publication of strong data on U.S. GDP for the IV quarter of this desire to play down will be insignificant
Dynamics trades on the market of Russia will be determined by the changing situation on the commodity and currency sites
Review of the FOREX market for 27.01.10
Season records continues
Crisis affect
Obama intends to freeze the number of government programs
Ghost of default
Nouriel Roubini od27n the fears of sovereign risk and paradoxes of the struggle with the deficit and debt …
Oil on Thursday traded below $ 74 a barrel on the growth stocks in the U.S.
Obama Speech infuse optimism in the stock markets of the Asia-Pacific