Welcome to the U.S.-Ukraine Business Council

(U.S. office) Joins the U.S.-Ukraine Business Council (USUBC)

October 25, 2007

The Executive Committee of the U.S.-Ukraine Business Council
(USUBC) has just approved The State Export-Import Bank of Ukraine, U.S. representative office, as the forty-eighth member of the USUBC.

The State Export-Import Bank of Ukraine (JSC Ukreximbank) was approved in August of 2007, by the U.S. Federal Reserve Board, to establish a representative office in New York. Victor Kapustin serves as Chairman of the Board of the bank.

The USUBC met recently in New York with Igor Obozintsev, Advisor to the Chairman of the Board, The State Export-Import Bank of Ukraine, who will be operating the New York representative office.

Nickolay N. Oudovichenko, Deputy Chairman of the Board, met with USUBC members last week in Washington. He was a member of Ukraine's economic and business team attending the meetings of the World Bank and the IMF.

Joint-stock company "The State Export-Import Bank of Ukraine" is the state-owned bank with the Cabinet of Ministers of Ukraine owning 100% of its shares, thus being its sole founder and shareholder.

In treating shareholders' rights and issues of control, transparency and enhanced efficiency, the bank adheres to the corporate governance principles.

Adherence to the above principles enables the bank management, its Supervisory Council and the Cabinet of Ministers of Ukraine to jointly define and tackle the pressing tasks in ensuring dynamic development of the bank as well as in enhancing its significance as one of the key forces supporting foreign trade activities of the Ukrainian industries.

Today JSC "The State Export-Import Bank of Ukraine" is:
[1] a bank with 100% state-owned shares, one of the major and most profitable operators in the Ukrainian banking market;

[2] a financial institution servicing a considerable proportion of export and import activities effected by Ukrainian enterprises;

[3] the sole agent of the Government of Ukraine in handling intergovernment credit lines;

[4] a partner of the World Bank under the largest Export Development Project in Ukraine and a partner of KfW under Small and Medium Enterprises Program;

[5] a bank recognised by about 30 primary Export Credit Agencies as a direct borrower/guarantor on medium and long term financing;

[6] a bank with the widest amidst the Ukrainian banks foreign network of correspondent and counterpart banks;

[7] a bank possessing the most long-standing experience in the Ukrainian market in documentary business and trade finance, having about 80 clear credit lines available from major foreign banks;

[8] a bank with a well developed branch network embracing all main
     regions and industrial centers of Ukraine;

[9] recognized by JP Morgan Chase bank for the fifth consecutive year as one of the best amongst its correspondent banks worldwide in quality of the USD settlements in 2004, and acknowledged respectively by Deutsche Bank AG with regard to EURO-denominated settlements in Ukraine;

[9] a clearing bank for the MASTER CARD INTERNATIONAL INC. payment system in Ukraine;

[10] first Ukrainian bank to have performed successfully in the international syndicated loan market since 1997.

The bank can work with U.S. companies operating in Ukraine in terms of trade finance, loans and equity investments.  For further information
check: http://www.eximb.com.