September 25, 2017 11:19 PM ET

Banks

Company Overview of JSC Finrostbank

Company Overview

JSC Finrostbank provides banking products and services to individuals, and small and medium-sized businesses. The company offers deposits, loans (consumer, mortgage, overdraft, and money-secured money loans), private banking options, remittances, cash services, municipal payments, currency exchanges, banking metals, individual bank safes, securities, depositary activities, payment cards, custodian services, and documentary operations, as well as provides services for banks. It serves customers in Ukraine. The company was founded in 1993 and is based in Odessa, Ukraine with a network of branches and ATM's in Ukraine.

Akademika Glushko Av., 13

Odessa,  65104

Ukraine

Founded in 1993

Phone:

380 48 717 5525

Fax:

380 48 716 9350

Key Executives for JSC Finrostbank

Chief Financial Monitoring and Member of Management Board
Member of Management Board and Chief Accountant
Chairman of Management Board
Compensation as of Fiscal Year 2017.

JSC Finrostbank Key Developments

Deposit Planning To Sell Assets Of 44 Insolvent Commercial Banks Between October 17-21

Deposit Guarantee Fund is planning to sell assets of 44 insolvent commercial banks estimated at UAH 2.162 billion on October 17, 2016 to October 21, 2016. Deposit Guarantee Fund is planning to raise over UAH 1.795 billion from selling receivables on loans and UAH 365.9 million from selling fixed assets of commercial banks undergoing liquidation. The loans of banks to be sold include JSC Brokbiznesbank for UAH 572.71 million, PJSC Joint Stock Bank Porto Franco for UAH 90.45 million, Public Joint-Stock Company BG BANK for UAH 65.99 million, PJSC Energobank for UAH 30.31 million, The Joint-Stock Bank Kyivska Rus for UAH 24.42 million, Bank Sofiiskyi PubJSC for UAH 21.44 million, JSC Expobank for UAH 15.92 million, Public Joint Stock Company Kreditprombank for UAH 11.14 million, Zlatobank Joint-Stock Company for UAH 10.95 million, Public Joint Stock Company Bank Finance and Credit for UAH 9.25 million, PJSC Radical Bank for UAH 9.04 million, Public joint stock company Zakhidinkombank for UAH 6.96 million, Public Joint Stock Company Joint stock commercial bank KYIV for UAH 6.67 million, Public Joint Stock Company Bank TAVRIKA for UAH 3.28 million, Public Joint Stock Company Commercial Bank Interbank for UAH 2.95 million, Public Joint Stock Company Bank Demark for UAH 2.86 million, PJSC Green Bank for UAH 0.61 million, Public joint-stock company Prime-Bank for UAH 0.32 million and Starokyivskyi Bank PJSC for UAH 0.29 million. The assets put up for sale includes Public Joint Stock Company BANK FORUM for UAH 530.48 million, Public Joint Stock Company Vseukrainskyi Aksionernyi Bank for UAH 131.44 million, JSC Delta Bank (KAS:NFBN) for UAH 115.13 million, Public Joint Stock Company City Commerce Bank for UAH 100.68 million, Public Joint - Stock Company Commercial Bank Pivdenkombank for UAH 59.42 million, Public Joint Stock Company AktaBank for UAH 54.41 million, Public Joint Stock Company AvtoKrazBank for UAH 30.71 million, Public Joint Stock Company Imexbank for UAH 22.65 million, PC JSB Stolychnyi for UAH 21.55 million, PJSC VBR for UAH 20.8 million, JSC "EUROGASBANK" for UAH 20.09 million, PJSC Bank Contract for UAH 16.69 million, OJSC CB Promekonombank for UAH 8.22 million, Ukoopspilka Joint Stock Bank PJSC for UAH 7.46 million, JSC Finrostbank for UAH 7.26 million, PJSC Bank National Credit for UAH 4.5 million, PJSC UPB for UAH 4.05 million and Public Joint Stock Company Ukrainian Business Bank for UAH 0.15 million.

Deposit Guarantee Fund Plans To Sell Assets Of 40 Insolvent Banks

The Deposit Guarantee Fund is planning to sell assets of 40 insolvent commercial banks estimated at UAH 4.02 billion. The Deposit Guarantee Fund is planning to put up for sale at this week's auctions fixed assets and receivables of credits of the following banks: Public Joint Stock Company BANK FORUM for a total sum of UAH 1.746 billion, JSC Brokbiznesbank for a total sum of UAH 864.75 million, Public Joint Stock Company Vseukrainskyi Aksionernyi Bank for a total sum of UAH 224.56 million, PJSC Bank National Credit for a total sum of UAH 165.02 million, PJSC Ukrgasprombank for a total sum of UAH 107.32 million, The Joint-Stock Bank Kyivska Rus for a total sum of UAH 97.27 million, JSC Delta Bank (KAS:NFBN) for a total sum of UAH 59.36 million, OJSC CB Promekonombank for a total sum of UAH 37.94 million, PJSC Integral-Bank for a total sum of UAH 25.07 million, Public Joint Stock Company Ukrainian Professional Bank for UAH 13.08 million, PC JSB Stolychnyi for UAH 12.98 million, Public Joint Stock Company Imexbank for UAH 10.83 million, PJSC Radical Bank for a total sum of UAH 8.39 million, PJSC Legbank for a total sum of UAH 8.2 million, Public Joint Stock Company Commercial Bank Nadra for a total sum of UAH 5.76 million, JSC Finrostbank for UAH 5.5 million, and Public Joint Stock Company AktaBank for UAH 2.38 million. Receivables on loans issued by Public Joint Stock Company City Commerce Bank will be auctioned at a starting price of UAH 219.1 million, receivables on loans issued by banks will be auctioned at the following starting prices: Public Joint Stock Company Aktsionerniy Bank Porto Franko at UAH 101.36 million, Public Joint-Stock Company BG BANK at UAH 85.28 million, Zlatobank Joint-Stock Company at UAH 26.87 million, JSC Expobank at UAH 22.18 million, JSC "EUROGASBANK"at UAH 18.72 million, JSC AKTIV BANK at UAH 12.41 million, PSCB Energobank at UAH 11.15 million, PJSC VBR at UAH 9.17 million, Ukoopspilka Joint Stock Bank PJSC at UAH 8.16 million, Public joint stock company Zakhidinkombank at UAH 7.6 million, Public Joint Stock Company Bank TAVRIKA at UAH 4.51 million, Public Joint Stock Company Joint stock commercial bank KYIV at UAH 1.37 million, PJSC Grin Bank at UAH 0.69 million, and PJSC UMF at UAH 0.47 million. Also, the Deposit Guarantee Fund will auction fixed assets of the following insolvent commercial banks: Starokyivskyi Bank PJSC for a total sum of UAH 37.49 million, Public Joint Stock Company Kreditprombank for a total sum of UAH 9.72 million, Terra Bank JSC for a total sum of UAH 2.27 million, Public Joint - Stock Company Commercial Bank Pivdenkombank for a total sum of UAH 1.85 million, Open Joint Stock Company REAL BANK for a total sum of UAH 1.57 million, PJSC Bank Contract for a total sum of UAH 1.15 million, Public Joint Stock Company AvtoKrazBank for a total sum of UAH 0.8 million, and Public Joint Stock Company Bank National Investments for UAH 0.67 million.

Deposit Guarantee Fund Seeks To Sell Assets Of 22 Insolvent Banks Worth UAH 1 Billion

Deposit Guarantee Fund seeks to sell assets of 22 insolvent banks worth approximately UAH 990 million this week, the fund has reported on its website. Some approximately UAH 650 million will be received from the sale of claims to loans and approximately UAH 340 million from the sale of fixed assets. The fund said that fixed assets and claims to loans of Public Joint Stock Company BANK FORUM, JSC Brokbiznesbank, Public Joint Stock Company Vseukrainskyi Aksionernyi Bank, The Joint-Stock Bank Kyivska Rus and Public Joint Stock Company Imexbank are put up for sale. Claims to loans of PJSC Energobank, JSC "EUROGASBANK", Ukrgasprombank , JSC Finrostbank, JSC Expobank, Zlatobank Joint-Stock Company, UPB, Public Joint Stock Company Ukrainian Business Bank, JSC EUROGASBANK, Zakhidcombank and UFS could be sold. The fund will put fixed assets of PJSC Bank National Credit, Public Joint Stock Company Bank Kontrakt , Public Joint-Stock Company BG BANK, Terra Bank JSC, Public Corporation Joint Stock Bank Stolychnyy, Public Joint Stock Company AktaBank and Profinancebank. On June 23 auctions to sell 15 apartments in Kyiv from the balance sheet of bank Forum at the starting price of UAH 1.65 million will be held. On June 24, the fund will put the property of Construction Insulation Materials Plant in Zaporizhia with a gross area of 3,800 square meters up for sale.

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