Press release

Donetsk

FUIB Supervisory Board decided to appoint Konstantin Vaisman Chairman of the Board. While the National Bank of Ukraine is considering Mr Vaisman as a candidate on this position, the duties of the Board Chairman will be performed by Gennadiy Molodchinny, Vice Chairman of FUIB Board.

"FUIB has always been a strategically important asset of SCM. We feel confident about its potential and are committed to focus on its development. Today FUIB has all necessary prerequisites:, firstly, confidence of customers and partners, a strong market position, support of shareholders and a professional team", said Ilya Arkhipov, Vice Chairman of FUIB’s Supervisory Board and SCM’s Director of Business Development.  "We are happy that Konstantin Vaisman has joined our team as the Board Chairman. Mr Vaisman has a solid background in banking including managing the leading Russian banks. I believe that with his deep understanding of the area and its specific features both at times of growth and economic slowdown, FUIB will successfully grow and deliver on the objectives set by its shareholders”.

Mr Vaisman has a degree of Moscow State Academy of Management, Caen Business Administration Institute (France) and Chicago Business School (Executive MBA) and an extensive record: over seventeen year Mr Vaisman has occupied high positions at different leading financial institutions of Russia. Following seven years at Credit Bank of Moscow at the position Chief of Financial Planning and Analysis and Vice Chairman of the Board, Mr Vaisman was Member of the Board and Member of the Management Board of RosEvroBank for four four years, and then up to the end of the last year he worked as the First Vice President for Strategy and Finance and Financial Director at Uralsib Financial Corporation.

"I'd like to thank SCM for the trust and am really happy to join FUIB team", said Konstantin Vaisman. "I believe, my experience and high proficiency of FUIB team will contribute to further growth of the Bank and strengthen its market positions". 

FUIB shareholders express commitment to the set development strategy of the Bank and believe that the approved plans and programmes will be fully met. They are thankful to Rafal Juszczak, Chairman of FUIB Board since July 2008, for his significant contribution to FUIB’s operations and achievements, as he has confidently fulfilled his duties providing a platform for the successful development of the bank.

Profile

First Ukrainian International Bank belongs to the group of the biggest Ukrainian banks. It is a universal bank, especially active in commercial, retail and investment banking operations. The Bank was founded in 1991. The controlling shareholder of the bank is SCM Finance (owns 89.87% of shares). The Bank's national network includes 11 branches and 124 affiliates.

Yuliya Zhuliy

First Ukrainian International Bank

(044) 231 72 52