Dongorbank was a Ukrainian bank headquartered in Donetsk in eastern Ukraine that was acquired by First Ukrainian International Bank (FUIB) in 2010.

Dongorbank
Company typePublic Joint Stock Company
IndustryFinancial services
FoundedApril 6, 1992; 32 years ago (1992-04-06)
FounderNational Bank of Ukraine
Defunct2011 (2011)
FateMerged
SuccessorFirst Ukrainian International Bank
Headquarters,
Area served
Ukraine
ProductsBanking services
Websitewww.dongorbank.com [dead link]

History

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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]

In 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]

Before the merger, as of 1 June 2010 in the overall ranking of Ukrainian banks Dongorbank ranked:[6]

  • 23rd by the size of assets with ₴8.797m
  • 26th by the size of shareholders' equity with ₴1.058m;
  • 23rd by the volume of retail deposits with ₴2.491m;
  • 15th by the size of deposits held by corporations with ₴2.977m.

The Bank major shareholder was SCM Finance LLC (99.99% of the share capital). The bank's regional network consisted of 54 sub-branches.[7]

References

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  1. ^ http://www.scm.com.ua/en/media-centre/press-kit/fact-lists/dongorbank/[permanent dead link]
  2. ^ "Central bank okays FUIB, Dongorbank merger | Ukrainians in Canada and USA". Archived from the original on 2012-09-13. Retrieved 2011-08-03.
  3. ^ "SCM - Media centre - Press releases". Archived from the original on 2011-09-30. Retrieved 2011-07-19.
  4. ^ "ПУМБ раздался вширь".
  5. ^ http://www.kommersant.ua/doc.html?DocID=1681616&IssueId=7000820 [dead link]
  6. ^ http://www.scm.com.ua/en/media-centre/press-kit/fact-lists/dongorbank/[permanent dead link]
  7. ^ http://www.scm.com.ua/en/media-centre/press-kit/fact-lists/dongorbank/[permanent dead link]
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