PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: UkrGasBank

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

UkrGasBank has Become More Transparent and Implements International Corporate Management Standards - International Finance Corporation (IFC) has reported UkrgasBank to be one of the first among Ukrainian banks, which has passed training in improvement of corporate management
UkrGasBank has Become More Transparent and Implements International Corporate Management Standards

 

NewswireToday - /newswire/ - Kiev, Ukraine, 2007/02/23 - International Finance Corporation (IFC) has reported UkrgasBank to be one of the first among Ukrainian banks, which has passed training in improvement of corporate management.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

IFC experts state that this will increase the value of “Ukrgasbank” JSB, OJSC by 40-50%, and its shareholders inform about growth of offers from portfolio investors.

Cooperation of IFC experts with the shareholders and administration of “Ukrgasbank” JSB, OJSC resulted in appointment of two independent members of the Supervisory Board, the corporate secretary, as well as creation of the Nominating Committee and the Awarding Committee.

Mr. Yuriy Poluneyev, an independent member of the Supervisory Board of “Ukrgasbank” JSB, OJSC, considers that these changes in the bank’s management system make it more clear for foreign creditors and potential investors.

Mr. Desmond O’Maonaigh, IFC Project Manager, believes that now “Ukrgasbank” JSB, OJSC meets a number of criteria of modern corporate management practice, which raise its value.

According to the investigation held by Baker & McKenzіe, once a bank’s corporate management system is adjusted to international standards, its value increases by 45-50%. "But not only the value matters", - says Mr. O’Maonaigh, - "transparent corporate management system improves the bank’s chance to attract resources on foreign capital markets. Besides, the shareholders must understand what foreign partners require from them".

Mr. John Smith, an independent member of the Supervisory Board of “Ukrgasbank” JSB, OJSC explained that in order to minimize risks the bank has created the register of all the individuals and companies affiliated with the bank’s shareholders, who are entitled to loans. The register contains also the relatives of the bank’s employees. "Each credit requested by an individual or a company listed therein must be approved by the Supervisory Board", - emphasized Mr. John Smith.

It should me mentioned that for some banks implementation of international corporate management standards may have a negative impact on the credit portfolio quality. The reason is that the foreign loan classification rules are much harder than the regulatory structure of the National Bank of Ukraine. Therefore, the banks have to rank lower a significant part of the loans in classification of the credit portfolio (for example, transfer loans from the category "standard" into "substandard"). "For several years we have been generating reports according to the international standards, therefore we do not face such problems", - informed Vadym Lyashko, a Chairman of the Management Board of “Ukrgasbank” JSB, OJSC. He says that at present the bank negotiates actively with potential portfolio and strategic investors.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: UkrGasBank

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


UkrGasBank has Become More Transparent and Implements International Corporate Management Standards

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Evgeny Molchansky 
+380 44 594-1153 emolchansky[.]ukrgasbank.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any UkrGasBank securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From UkrGasBank / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Societe Generale Group has Agreed to Sell the Entire Stake of Boursorama in Onvista AG to Comdirect Bank AG
Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)