Fidobank and Eurobank announced a merger

Fidobank and Eurobank announced a merger

04.03.2016 News

Fidobank and Eurobank announced a mergerThe foreign investor will enter the capital of the combined bank. The owner and the Chairman of the Board of the Fidobank, and the shareholder of the Eurobank (both – Kiev), Alexander Adarich plans to consolidate its banking assets by combining the two banks, as well as attract foreign investors.

“Based on the National Bank of Ukraine recommendations on banking sector consolidation, it has been developing  a strategic plan for the development of the bank on the basis of the combined Fidobank and Eurobank. Besides, we have enlisted the help of the foreign investor, who  confirmed the readiness to enter the Ukrainian market, and enter the capital of the combined bank. Now we expect the official approval of the plan and the relevant agreements on foreign investment by the regulator “, – said Adarich.

According to him, the combined bank will be the innovative universal bank for corporate and private clients. Best practices, innovative products and services of the both banks will be used under the combining.

Fidobank (previously – the  SEB Bank, the bank “Agio”) was established in 1991, Eurobank – in 2005.

According to the NBU, by total assets on October 1, 2015 Fidobank held the 22nd  place (7.616 billion UAH), Eurobank  (1.634 billion UAH) – 57th place among 123 operating banks in the country.

“Our concern is the creation of the innovative universal bank for corporate and private clients. The foreign investor will provide the additional funding, which will allow the bank to actively lend the real economy and to provide quality service to private clients”, – says Alexander Adarich about the prospects for further development of the bank.

Source: segodnya.ua

Other articles

  • Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA
    News

    Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA

    Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]

  • Uber stops developing a car without a driver
    News

    Uber stops developing a car without a driver

    On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • The first batch of Pfizer COVID vaccine has arrived in Israel
    News

    The first batch of Pfizer COVID vaccine has arrived in Israel

    The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Pfizer will deliver half of the planned number of vaccines in 2020
    News

    Pfizer will deliver half of the planned number of vaccines in 2020

    Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Read also

Fidobank and Eurobank announced a merger
News

JD.com will be the first platform to accept China’s cryptocurrency

Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Next
Fidobank and Eurobank announced a merger
News

Agroholding “MRIYA” continues to “take” property of entrepreneurs

A serious scandal, which erupted in the Ternopil region, and subsequently has covered the whole territory of Ukraine, continues to grow. In the night of 2 to 3 July 2016, on the motor company which is owned LLC GLOBAL FID, attacked by a group of armed young people, in an amount of about 50 people, […]

Next
Fidobank and Eurobank announced a merger
News

“Epicenter” is accused of unfair competition and pressure on suppliers

The owner of the largest online store Rozetka.ua,  Vladislav Chechetkin accused the retailer “Epicenter” which is developing a network of building supermarkets, in the non-competitive behavior and pressure on suppliers. “Epicenter” for a long time, probably two years, requires the suppliers not to sell the goods in Rozetka.ua. This solicitation sounds like: if your product […]

Next
Fidobank and Eurobank announced a merger
News

Lifecell sold towers to the Ukrainian sister company for $ 52 million

Mobile operator lifecell sold its sister company telecommunication towers in Ukraine.  The Ukrtower Company will pay minimum $ 52 million plus taxes for  811 objects. This is stated in the message of the owner of the company – Turkish Turkcell Holding. According to the report, the resolution on the transaction was carried by the Turkish […]

Next
Fidobank and Eurobank announced a merger
News

AirBaltic will open a direct flight from Kiev to Vilnius

AirBaltic will launch a direct flight from Vilnius to Kyiv on October 6. The presented schedule shows that flights will be performed three times a week on Tuesdays, Thursdays and Saturdays to Boryspil Airport. Herewith departures from Vilnius are scheduled for 6:55, return from Kiev – at 09:10. Travel time will be 1:00 20 minutes. […]

Next
Fidobank and Eurobank announced a merger
News

Large companies are opposed to the new British Telecommunications Act

The new draft law on telecommunications in UK suggests that companies, mobile operators, Internet – companies will have to keep the data  about activity of  their customers online for one year, and this will enable special services to require  this data  if necessary and  to read them. According to the information of the British Government, […]

Next
Fidobank and Eurobank announced a merger
News

Walmart has partnered with three drone manufacturers launching trial delivery of tests for the coronavirus

The company Walmart continues to follow the advanced technology in the field of e-commerce and delivery. Walmart has partnered with three drone manufacturers: Flytrex, Zipline and DroneUp, as well as with the large American network of clinical laboratories Quest Diagnostics. According to the company, DroneUp drones have already made 57 flights with the average time […]

Next
Fidobank and Eurobank announced a merger
News

Novavax American company in the Czech Republic will make 1 billion vaccine COVID-19

Half of the 2 billion doses of coronavirus vaccine that the American company Novavax intends to develop, will be manufactured at its Czech plant Praha Vaccines, said on Tuesday at a press conference the Prime Minister of the Czech Republic Andrej Babiš, who visited this enterprise near Prague. “Novavax wants to produce 2 billion coronavirus […]

Next
Fidobank and Eurobank announced a merger
News

China is interested in the construction of grain processing plant in Ukraine

The direction of the Chinese “Anhui Foreign Economic Construction Corporation” expressed interest in the construction of the grain processing plant in the territory of Ukraine, the products of which will be exported to China. This was said by the vice-president of the “Anhui Foreign Economic Construction Corporation” Zhang Zhonghua at a briefing in the framework […]

Next
Fidobank and Eurobank announced a merger
News

In Ukraine will be produced of up to 50 medicine products from India

At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]

Next
Fidobank and Eurobank announced a merger
News

Prometey invests in the reconstruction of the elevators

The Prometey agribusiness holding company reconstructs the elevators and transport infrastructure around them. The Prometey company  continues to follow the strategy of renovation and modernization of material-technical base at the expense of profit’s reinvestment. It is reported by the press service of the company. According to the message, in the 3rd  quarter of this year, […]

Next
Fidobank and Eurobank announced a merger
Analytics

Realities and prospects of the real estate market of Ukraine

Ukraine’s real estate market throughout 2017 experienced the impact of both economic and political crisis phenomena, under pressure from the economic downturn and lower purchasing power of the population. Despite all the negative trends, construction statistics in the period 2017 recorded positive results, which are confirmed by such an authoritative world ranking of Doing Business […]

Next
Fidobank and Eurobank announced a merger
News

Royal Dutch Shell has sold a part of its business in Malaysia

Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]

Next
Fidobank and Eurobank announced a merger
News

The Billionaire Bill Ackman sold 5 million shares of Valeant Pharmaceuticals to cover tax losses

Bill Ackman, the owner of the Pershing Square Capital Management investment firm recently announced that he sold 5 million shares in a major pharmaceutical company Valeant Pharmaceuticals. Thus,  his part fell from 9.9% to 8.5%. In an official statement, which was provided by the USA regulatory authorities stated that the sale aims to cover tax […]

Next
Fidobank and Eurobank announced a merger
News

Visa and BioConnect to create a new application soon

Visa in conjunction with BioConnect will promise to provide a new service which will give an opportunity to their clients to undergo the procedure of biometric authentication, using the application on their phone in the nearest future. According to developers of the program, such innovation is a fine alternative to passwords use. In addition, the […]

Next
Fidobank and Eurobank announced a merger
News

The financial group VTB will sell BM Bank

Press service of the international financial group VTB-Ukraine has confirmed the information about the planned sale of BM Bank. According to the official statement of the company, approval of decisions on the operation are going to realize till the 1 of March 2017 year. It is also worth noting that potential investors have already received […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com