Welcome to the U.S.-Ukraine Business Council

Interfax Ukraine, Kyiv, Ukraine, Thursday, October 15, 2007

KYIV - Kyiv-based OJSC State Export-Import Bank of Ukraine
(Ukreximbank), through its representative office in New York, plans to
establish business relations between large Ukrainian companies and
foreign partners, according to a bank press release issued on October 15.

"The work of the Ukreximbank's representative office in New York will be
aimed at strengthening the presence of the financial institution in the
United States, promoting the interests of domestic companies on the U.S.
and international markets, and strengthening cooperation between Ukraine
and the United States," reads the release, citing Ukreximbank Board

Chairman Viktor Kapustin.

According to the release, on October 10, 2007, Ukreximbank received
permission to create a representative office of the bank in the United
States from the National Bank of Ukraine's commission for surveillance and
regulation of banking activities: all registration procedures needed for the
bank to fulfill representative functions in New York have been completed.

Ihor Obozintsev was appointed head of the bank's representative office in
New York. According to the release, in August, the bank received permission
to open a representative office in New York from the U.S. Federal Reserve

Ukreximbank was founded in 1992. It is a fully state-owned bank. According
to the NBU, as of July 1, 2007, the bank ranked 5th among operating
Ukrainian banks in terms of total assets.