JSCB "IMEXBANK" ( uk, ІМЕКСБАНК) was one of the largest

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

s in

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 inv ...

based in the city of

Odessa Odesa (also spelled Odessa) is the third most populous city and municipality in Ukraine and a major seaport and transport hub located in the south-west of the country, on the northwestern shore of the Black Sea. The city is also the administrativ ...

. It was founded on March 29, 1994. The bank's primary owner was Leonid Klimov. On January 27, 2015, the

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, includ ...

declared Imexbank insolvent and introduced a temporary administration for a period of three months. On May 27, 2015, the

Deposit Guarantee Fund of Ukraine Deposit may refer to: *Deposit (finance) (also security deposit) *Deposit (town), New York *Deposit (village), New York * Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder **Demand deposit, the fu ...

made a decision to liquidate Imexbank.

History

IMEXBANK was opened on March 29, 1994. In 1998, the bank expanded outside of Odesa region, having opened a branch in Kyiv. In 2002, the bank received a license from the international payment system MasterCard International, opening branches in

Dnipro Dnipro, previously called Dnipropetrovsk from 1926 until May 2016, is Ukraine's fourth-largest city, with about one million inhabitants. It is located in the eastern part of Ukraine, southeast of the Ukrainian capital Kyiv on the Dnieper Rive ...

Zaporizhia Zaporizhzhia ( uk, Запоріжжя) or Zaporozhye (russian: Запорожье) is a city in southeast Ukraine, situated on the banks of the Dnieper, Dnieper River. It is the Capital city, administrative centre of Zaporizhzhia Oblast. Zapor ...

Mykolayiv Mykolaiv ( uk, Миколаїв, ) is a city and municipality in Southern Ukraine, the administrative center of the Mykolaiv Oblast. Mykolaiv city, which provides Ukraine with access to the Black Sea, is the location of the most downriver brid ...

and

Rivne Rivne (; uk, Рівне ),) also known as Rovno (Russian: Ровно; Polish: Równe; Yiddish: ראָוונע), is a city in western Ukraine. The city is the administrative center of Rivne Oblast (province), as well as the surrounding Rivne Raio ...

. In 2003, IMEXBANK joined the international interbank payment system SWIFT. At the end of 2003, the bank served 5,000 legal entities and more than 150,000 individuals, and branches were opened in

Ternopil Ternópil ( uk, Тернопіль, Ternopil' ; pl, Tarnopol; yi, טאַרנאָפּל, Tarnopl, or ; he, טארנופול (טַרְנוֹפּוֹל), Tarnopol; german: Tarnopol) is a city in the west of Ukraine. Administratively, Ternopi ...

Vinnytsia Vinnytsia ( ; uk, Вінниця, ; yi, װיניצע) is a city in west-central Ukraine, located on the banks of the Southern Bug. It is the administrative center of Vinnytsia Oblast and the largest city in the historic region of Podillia. A ...

and

Kropyvnytskyi Kropyvnytskyi ( uk, Кропивницький, Kropyvnytskyi ) is a city in central Ukraine on the Inhul river with a population of . It is an administrative center of the Kirovohrad Oblast. Over its history, Kropyvnytskyi has changed its name ...

. As of 2004, IMEXBANK had more than 200 branches in Ukraine. In 2006, the first foreign offices were opened in Austria and South Africa, and the following year in Romania. The Bank developed operations with bank metals and expanded the range of coins made of precious metals. As of 2010, the bank's capital reached UAH 990 million (approximately $120 million). Due to financial crisis in Ukraine caused by Russia annexation of Crimea and War on Donbass, the bank was liquidated on May 27, 2015 by the decision of the National Bank of Ukraine. On May 26, 2020, the Deposit Guarantee Fund of Ukraine sold at auction the Chornomorets Stadium, formerly owned by IMEXBANK to the american company "Allrise Capital", for UAH 193.8 million.

Membership

Europay International Europay International was a financial company. It was created by the merger of Eurocard International and Eurocheque International and was headquartered in Waterloo, Belgium, on the same premises as EPSS (European Payment Systems Services) and M ...

* MasterCard International *The Ukrainian interbank association of Europay International members *The partner of

Western Union The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company chang ...

company *Association of National Large-Scale Electronic Payments System (NLEPS) participants *Association of Ukrainian Banks (AUB) *The Odessa Bank Union *Professional Association of Registrars and Depositaries (PARD) *Open-ended Society "Interregional Fund Union" (IFU) *Contributions warranting fund for private entities *The Ukrainian Interbank Currency Stock Exchange (UICSE)

Sponsors and Partners

FC Chornomorets Odessa FC Chornomorets Odesa ( ) is a Ukrainian professional Association football, football club based in Odesa. The club's home ground is the 34,164 capacity Chornomorets Stadium opened in 1935 and rebuilt in 2011. According to the club's website, it ...

is the bank's asset *''IMEXBANK'' is one of the cofounders of the Odessa Bank Union * First National Open-ended Pension Fund * PRIMORIE Insurance Company mutual cooperation * Black Sea Hotel (four star) mutual cooperation (10% off for the bank's clientsList of sponsors and partners
) * Andromed Medical Centre

References

External links

Official website
- inaccessible
Official website

The main sponsor of FC Chornomorets Odessa

Listed in Ukraine

Location of the bank on wikimapia, the first skyscraper of Odessa

Brief profile
{{Portal, Banks Defunct banks of Ukraine Banks established in 1994 Banks disestablished in 2015 1994 establishments in Ukraine 2015 disestablishments in Ukraine