The FINANCIAL — The National Bank has allowed one of the largest Ukrainian banks, Kyiv-based First Ukrainian International Bank, and one of large Ukrainian banks, Donetsk-based Dongorbank, to merge, the FUIB said.
The press service of the FUIB said with the reference to supervisory board chairman of the banks Illia Arkhipov that the merger of the banks should not be complicated and be completed in the second half of 2011.
As Ukrainian News earlier reported, the First Ukrainian International Bank (FUIB), ranking among Ukrainian largest commercial banks, and the Donetsk-based Dongorbank, ranking among Ukrainian large commercial banks, have decided to merge.
A decision on boosting the statutory fund and issue (placement) of the shares of the transferee bank in the amount of the registered statutory fund of Dongorbank has not been passed.
Holders of Eurobonds of the First Ukrainian International Bank have allowed the merger with Dongorbank.
In September 2010, FUIB and Dongorbank announced about their intention to merge.
The SCM Finance limited liability company owns 99.99% of the shares in the Dongorbank public joint-stock bank.
SCM Finance also owns 89.87% of the shares in the First Ukrainian International Bank, which is a public joint-stock bank.
SCM Finance is a subsidiary of the System Capital Management company that specializes in management of financial institutions.
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