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Dongorbank
Public Joint Stock Company Dongorbank is headquartered in Donetsk, located in eastern Ukraine. History 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. In December 2010, National Bank of Ukraine, Central bank of Ukraine approved a reorganization plan through Dongorbank's joining the FUIB - the First International Bank of Ukraine, which was endorsed by an order of a single shareholder - SCM Holdings, SCM Finance Limited. On July 16, 2011, a consolidation of First Ukrainian International Bank, First Ukrainian International Bank (FUIB) and Dongorbank was completed and starting from July 18 the combined bank actives work under a joint brand FUIB. Ratings 25 January 2011 - Moody's Investors Service has assigned the following global scale ratings to JSC Dongorbank: * short-term national c ...
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First Ukrainian International Bank
The First Ukrainian International Bank or FUIB (Ukrainian: Перший Український Міжнародний Банк) is one of the leading Ukrainian banks, largely owned by the oligarch Rinat Akhmetov associated SCM Holdings. It was founded in 1991 and has its main office in Kyiv, Ukraine. As of January 1, 2018, the bank serves 1.2 million private and more than 40,000 corporate clients. History The First Ukrainian International Bank was founded on 20 November 1991, registered with the National Bank of Ukraine on 23 December 1991. In April 1992 the Bank started its banking operations. In 1995 the Bank began its cooperation with the European Bank for Reconstruction and Development (the “EBRD”) and in 1996 - with German Investment Corporation, Deutsche Investitions-und Entwicklungsgesellschaft MbH (“DEG”). In 1999 each of DEG, the EBRD and International Finance Corporation (“IFC”), became shareholders with 10% holding. In 2000 Fortis Bank became a shareholder a ...
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Donetsk
Donetsk ( , ; uk, Донецьк, translit=Donets'k ; russian: Донецк ), formerly known as Aleksandrovka, Yuzivka (or Hughesovka), Stalin and Stalino (see also: Names of European cities in different languages (C–D), cities' alternative names), is an industrial city in eastern Ukraine located on the Kalmius River in Donetsk Oblast. The population was estimated at in the city core, with over 2 million in the metropolitan area (2011). According to the Ukrainian Census (2001), 2001 census, Donetsk was the fifth-largest city in Ukraine. Administratively, Donetsk has been the centre of Donetsk Oblast, while historically, it is the unofficial capital and largest city of the larger economic and cultural Donbas, Donets Basin (''Donbas'') region. Donetsk is adjacent to another major city, Makiivka, and along with other surrounding cities forms a major urban sprawl and conurbation in the region. Donetsk has been a major economic, industrial and scientific centre of Ukraine wit ...
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ...
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National Bank Of Ukraine
National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, including strengthening of the national currency unit, hryvnia. The National Bank of Ukraine employs over 12,000 people, making it one of the leading banks. It regulates and supervises activities, functions and legal status of government and commercial banks based on principles of the Constitution of Ukraine and the law of Ukraine. History Banking in Ukraine traces its history back to 1918 when on 22 December 1917, the Central Council of Ukraine adopted a law "On transformation of the Kyiv office of the Russian State Bank into the Ukrainian State Bank". The law united all offices of the former State bank, Noble Land Bank, and Peasant Land Bank. At the same time there existed a decree of the Central Executive Committee of Ukraine about the natio ...
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SCM Holdings
System Capital Management or SCM ( uk, Систем Кепітал Менеджмент) is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk in the east of the country and since 2014 headquartered in Kyiv. The business is controlled by Ukrainian businessman Rinat Akhmetov, who owns 100% of the company shares. In 2011, the group had revenues of around $19.5 billion and assets worth over $28.4 billion. SCM was set up in 2000. It includes over 100 businesses in metals and mining, power generation, banking and insurance, telecommunications, media and real estate as well as in some other spheres. The total number of employees at SCM enterprises is about 200,000 people. The Group is audited by PricewaterhouseCoopers. As of May 2022, SCM (dba SCM Consulting Ltd) has been represented in the United States by the Washington, D.C. based public relations firm Qorvis LLC. Structure The biggest company in the SCM Group is Metinvest inv ...
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Moody's Investors Service
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Service' ...
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Assets
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: Tangible property, tangible assets and intangible assets. Tangible ...
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Shareholders' Equity
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equit ...
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