Rodovid Bank

OJSC "Rodovid Bank"

Type	Public
Industry	Financial
Founded	1990
Headquarters	Kiev, Ukraine
Area served	Throughout Ukraine^[1]
Key people	Serhiy Bubka President Denys Gorbunenko Chairman & CEO Dmytro Egorenko First Deputy Chairman
Net income	UAH 4,215.998 thousand (2009)^[2]
Total assets	UAH 12,795 thousand (2010)^[2]
Total equity	UAH 2,043 thousand (2010)^[2]
Number of employees	3014 (2007)
Website	rodovidbank.com

OJSC "Rodovid Bank" (Ukrainian: РОДОВІД БАНК) is a universal commercial bank providing its services for private individuals and legal entities throughout Ukraine. The bank was established in 1990 as JSCB “Percombank”, and in 2004 its name was changed for OJSC "Rodovid Bank" within the rebranding program.^[3]

The state owns 99.97% of the shares in Rodovid Bank, which is a public joint-stock bank, as a result of the recapitalization.^[2]

Key indicators

As of January 10, 2008, Rodovid Bank holds the 19th position in terms of assets amongst 181 Ukrainian banks.^[4] The total assets are UAH 13.368 mln. Loan portfolio - UAH 9.292 mln. Deposit portfolio - UAH 7.986 mln. Bank's equity equals UAH 1.213 mln. Net income is UAH 72.367 mln. Rodovid bank is represented in all regions of Ukraine with a network of 170 registered branches categorized as universal offices, retail offices, specialized offices and regional departments. The bank serves 786 thousand private individuals and over 8 thousand legal entities.^[3]^[5]

As of April 1, 2010 assets of Rodovid Bank made up UAH 12,795.3 million, loans and customers' liabilities UAH 5,380.9 million, equity capital UAH 2,043.0 million.^[2]

Distribution

170 registered outlets
266 ATMs
49 Info-kiosks
560 consumer finance outlets^[5]

RODOVID Regional Department outside	RODOVID Retail Branch outside	RODOVID Universal Branch outside	RODOVID Universal Branch inside

History

2010 The National Bank of Ukraine appointed Mykola Onischenko as temporary administrator of Rodovid Bank (Kiev), to replace Serhii Scherbyna.^[2]
The bank was nationalized by the Ukrainian government.

2009^[6]
Denis Gorbunenko, the Chairman, left his post. His former first deputy Dmiry Egorenko held his position. The bank, in a bid to preserve capital has limited withdrawals to approximately US$35 per day.

2007^[5]
The bank intensified its international activities: signed the agreement with the EBRD with respect to funding micro, small and medium sized enterprises; the cooperation with the World Bank was launched in the area of stimulating export development. The first syndicated loan was raised for the amount of USD 20 million and the club loan for the amount of USD 14 million. Fitch Ratings international rating agency assigned “B-“ credit rating to Rodovid Bank. Process to improve the internal corporate governance system with assistance of the International Financial Corporation was initiated. The Bank’s equity was increased by UAH 620 million. The Bank’s regional network comprised 146 regional offices and 2 branches.

2006
19.9% of the Bank’s shares were placed on PFTS stock exchange amongst the foreign institutional investors. The funds raised in the amount of USD 50 million where invested into further development. OJSC «RODOVID BANK» became a principal member of VISA and MasterCard international payment systems. A 24-hour call centre was opened. Moody’s international rating agency assigned “B3” credit rating to OJSC «RODOVID BANK». The Bank became one of Top-20 banks in Ukraine in terms of total assets. The Bank’s regional network comprised 51 regional offices and 2 branches.

2005
The network of lending outlets covered nearly all the regions of Ukraine. The Bank’s regional network comprised 26 regional offices. RODOVID BANK became one of the leaders in terms of growth on Ukrainian banking sector exhibiting 330% increase of the loan portfolio and 81% increase of the deposit portfolio. The underwriting center was opened. The contracts were signed with the top retail networks under the co-branding program development.

2004
The Bank was purchased by the new management team, the board of Rodovid Bank is headed by Denis Gorbunenko. The Bank rehabilitation program was introduced including changing of the Bank’s name to OJSC «RODOVID BANK» under the rebranding program. The program implied elaboration of the development strategy and replacement of the top and middle tier management. The Bank’s equity was increased by UAH 85 million the regional network expansion was in progress. The cooperation with the auditors was initiated with respect to the preparation of financial satatements in accordance with IFRS standards.

2003
JSCB “Percombank” holds 97th position among the Ukrainian banks in terms of total assets and the 67th line in terms of the retail loan portfolio. The Bank’s regional network comprised 2 offices and 1 branch.^[7]

1990
JSCB “Percombank” founded.

Management board

Gorbunenko Denis - Chairman^[8]
Egorenko Dmytro - First Deputy Chairman
Kirienko Andriy - Deputy Chairman
Ushakova Lubov - Deputy Chairman
Gorbunenko Volodymyr - Deputy Chairman
Abakshyna Olena - Chief Accountant
Drobnokhod Juriy - Deputy Chairman
Sobolev Oleksandr - Deputy Chairman
Kayev Andriy - Deputy Chairman

Awards

Rodovid Bank was awarded a title "The most dynamic bank of 2007" by MasterCard International and took 2nd place in the "Bank of the year 2007" nomination. Ukrainian association "EMA" granted Rodovid Bank "The best acquirer" award. Also the bank took 9th place in the "Largest card issuer" rating according to this association. International payment system VISA awarded the Bank two diplomas "For innovation card programmes" and "For successful development of co-branding projects". The private placement transaction of 19% of the bank's shares was called the best transaction of 2006.^[9]

References

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