Imexbank

JSCB "IMEXBANK" (Ukrainian: ІМЕКСБАНК) was one of the largest commercial banks in Ukraine based in the city of Odessa. It was founded on March 29, 1994. The bank's primary owner was Leonid Klimov. On January 27, 2015, the National Bank of Ukraine declared Imexbank insolvent and introduced a temporary administration for a period of three months.[2]

JSCB "IMEXBANK"
TypePrivately held company
Industrybanking, investment
GenreOpen joint-stock company
Founded1994
FounderLeonid Klimov
Defunct27 May 2015 
Headquarters
Odessa
,
Ukraine
Area served
Ukraine (all-national)
Key people
Leonid Klimov, Elena Gerasimova
ServicesFinancial services
UAH 30 million [1]
OwnerLeonid Klimov
SubsidiariesIMEXBANK Romania
Websiteimexbank.com.ua/eng

On May 27, 2015, the Deposit Guarantee Fund of Ukraine made a decision to liquidate Imexbank.[3][4]

History

IMEXBANK was opened on March 29, 1994. In 1998, the bank expanded outside of Odesa region, having opened a branch in Kyiv.

In 2002, the bank received a license from the international payment system MasterCard International, opening branches in Dnipro, Zaporizhia, Mykolayiv and Rivne.

In 2003, IMEXBANK joined the international interbank payment system SWIFT. At the end of 2003, the bank served 5,000 legal entities and more than 150,000 individuals, and branches were opened in Ternopil, Vinnytsia and Kropyvnytskyi.

As of 2004, IMEXBANK had more than 200 branches in Ukraine.

In 2006, the first foreign offices were opened in Austria and South Africa, and the following year in Romania. The Bank developed operations with bank metals and expanded the range of coins made of precious metals.

As of 2010, the bank's capital reached UAH 990 million (approximately $120 million).

Due to financial crisis in Ukraine caused by Russia annexation of Crimea and War on Donbass, the bank was liquidated on May 27, 2015 by the decision of the National Bank of Ukraine.[5]

On May 26, 2020, the Deposit Guarantee Fund of Ukraine sold at auction the Chornomorets Stadium, formerly owned by IMEXBANK to the American company Allrise Capital, for UAH 193.8 million.[6]

Membership
  • Europay International
  • MasterCard International
  • The Ukrainian interbank association of Europay International members
  • The partner of Western Union company
  • Association of National Large-Scale Electronic Payments System (NLEPS) participants
  • Association of Ukrainian Banks (AUB)
  • The Odessa Bank Union
  • Professional Association of Registrars and Depositaries (PARD)
  • Open-ended Society "Interregional Fund Union" (IFU)
  • Contributions warranting fund for private entities
  • The Ukrainian Interbank Currency Stock Exchange (UICSE)

Sponsors and Partners
  • FC Chornomorets Odessa is the bank's asset
  • IMEXBANK is one of the cofounders of the Odessa Bank Union
  • First National Open-ended Pension Fund
  • PRIMORIE Insurance Company mutual cooperation
  • Black Sea Hotel (four star) mutual cooperation (10% off for the bank's clients[7])
  • Andromed Medical Centre

References
  1. General Information November 4, 2008
  2. "Фонд гарантування ввів тимчасову адміністрацію в "Імексбанк"". Економічна правда (in Ukrainian). Retrieved 2020-05-24.
  3. "Одеський Імексбанк ліквідують". DT.ua. Retrieved 2020-05-24.
  4. "Одеський стадіон «Чорноморець» з 21-ї спроби знайшов свого покупця! — ФГВФО". www.fg.gov.ua. Retrieved 2020-05-29.
  5. "Ліквідація — ФГВФО". www.fg.gov.ua. Retrieved 2020-05-24.
  6. "Офіційно: стадіон "Імексбанку" - "Чорноморець" продали з 21-ї спроби". Економічна правда (in Ukrainian). Retrieved 2020-05-28.
  7. List of sponsors and partners Archived 2007-06-24 at Archive.today (in English)
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