OREANDA-NEWS. November 26, 2010. General Shareholders' Meetings of FUIB (First Ukrainian International Bank) and Dongorbank decided to merge the two banks by integrating Dongorbank into FUIB.

"Today the shareholders of the banks have decided to merge Dongorbank and FUIB. The integration process will start as soon as the National Bank of Ukraine gives the corresponding permission. We hope it will happen in December this year," noted Ilya Arkhipov, the Chairman of the Supervisory Boards of the banks.

According to Mr Arkhipov, the merger process is going according to the approved plan. "We have done a lot of the preparatory work to ensure that the merger process provides maximum comfort for our clients, partners and employees. Our banks are fully ready for integration and, providing all regulatory and controlling agencies help and support us, we are confident that the process will go smoothly."

"Another stage of the integration process, the shareholders' approval of the decision to merge the financial institutions, moves us closer to our goal – to create a major universal bank, which will be a leader in the Ukrainian market," commented Konstantin Vaisman, FUIB's Board Chairman. "Consolidated efforts of the two banks will help us begin a new stage of development, leading in the market with the level of client service, innovation and transparency of business. As a result, we will build a new bank in line with the best global standards."