State Export-Import Bank of Ukraine

JSC «Ukreximbank»
Public Joint-Stock Company
Industry banking, investment
Founded January 3, 1992
Headquarters Kiev, Ukraine
Key people
 Olexander Gritsenko (CEO)
Services Financial services
Increase UAH 200.6 million (2013)[1]
Total assets Increase UAH 93.274 billion (2013) [1]
Owner Government of Ukraine
Website eximb.com

The public joint-stock company State Export-Import Bank of Ukraine or Ukreximbank (Ukrainian: Укрексімбанк) is one of the largest banks in Ukraine.[2] 100% state-owned.[2] The bank was founded in January 1992, has its headquarters in Kiev. Services a considerable proportion of export and import activities effected by Ukrainian enterprises and enjoys unique experience in the Ukrainian market in various areas of export-import banking, including documentary business and trade finance. Acts as the sole financial agent of the Government of Ukraine with respect to loans from foreign financial institutions, which are originated, borrowed or guaranteed by Ukraine. Ukreximbank has the widest amidst Ukrainian banks foreign network of correspondents and long-standing reliable partners world-wide. Bank has 29 Branches and 97 Sub Branches in all regions of Ukraine. Ukreximbank also has two offices in London and New York.[3]

In April 2015 the bank successfully extended its 2015 eurobonds [4] despite objections from a group of bondholders including Bence Sardi that advocated the full repayment of the notes in time.[5] The bank had the capacity to pay but refused to do so on the grounds the government needed to adhere liquidity targets specified in the IMF request for aid.[6]

The bank posted $561 million in loss in 2015, which was 25.6% up on the $446 million loss of 2014.[2]

References

  1. 1 2 Ukreximbank. Fact Sheet. Retrieved August 27, 2014.
  2. 1 2 3 State-run Ukreximbank posts UAH 14 bln in loss in 2015, UNIAN (30 April 2016)
  3. ↑ Ukreximbank. Profile. Retrieved August 27, 2014.
  4. ↑ Extension of 2015 notes.
  5. ↑ Initial refusal of restructuring proposal. Retrieved April 15, 2015.
  6. ↑ Natalie Jaresko on restructuring. Retrieved March 27, 2015.

See also

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