FUIB to capitalize profit for 2010

Kyiv, April 12 (Interfax-Ukraine) - The First Ukrainian International Bank (FUIB) plans to capitalize its net profit of $54 million from 2010, Board Chairman Konstantin Waysman said at a press conference at Interfax-Ukraine on Tuesday.

"Today the shareholder believes that the bank is growing… and it will require capital… When the growth pace slows, then serious dividend payments start as a rule," the banker said.

FUIB was founded in 1991. The largest stockholder in the banks as of January 1, 2011, was SCM Finance Ltd. with an 89.87% stake in FUIB.

According to the National Bank of Ukraine, as of January 1, 2011, the bank ranked 13th in terms of overall assets among the 175 operating Ukrainian banks (UAH 18.098 billion).