Question 1

What is UBRR?

Accepted Answer

UBRR (Ukrainian Bank for Reconstruction and Development, Український банк реконструкції та розвитку) is a commercial bank in Ukraine with 100% Chinese capital. The bank provides universal banking operations and services to both individuals and legal entities, with a strategic focus on facilitating business cooperation between Ukrainian and Chinese businesses.

UBRR became the first Ukrainian bank with complete Chinese ownership and the first Ukrainian qualified financial institution with Chinese capital approved by both the National Bank of Ukraine and the National Securities and Stock Market Commission.

Question 2

When was UBRR founded?

Accepted Answer

UBRR was created by Resolution of the Cabinet of Ministers of Ukraine No. 655 dated May 5, 2003, titled "Some issues of development of innovation infrastructure in Ukraine and directions of activity of the Ukrainian State Innovation Company in 2003." The bank was registered by the National Bank of Ukraine on March 19, 2004.

The founding shareholder was the State Innovation Financial and Credit Institution (DIFKU), which remained the majority shareholder until May 30, 2012. From 2015, the state held 99.99% of the authorized capital through the Ministry of Finance of Ukraine, which transferred its shares to the State Property Fund of Ukraine.

Question 3

Where is UBRR headquartered?

Accepted Answer

UBRR is headquartered in Kyiv, Ukraine, at 4 Troyitsko-Kyrylivska Street, 04080. All banking operations and client services are centralized at this main office location.

Question 4

Where does UBRR operate?

Accepted Answer

UBRR operates from its headquarters in Kyiv, serving clients across Ukraine. While the bank maintains a centralized operation model, it provides services to clients throughout the country, focusing particularly on facilitating Ukrainian-Chinese business relations and supporting companies engaged in international trade.

The bank's operational strategy emphasizes providing financial support to businesses participating in China's Belt and Road Initiative, positioning Ukraine as a strategic partner in this global infrastructure development program.

Question 5

What services does UBRR offer?

Accepted Answer

UBRR provides universal banking operations including current account management, foreign economic activity servicing, bank deposits, and corporate lending. For corporate clients, the bank offers cash settlement services, deposit products, financing solutions, and documentary operations.

The bank specializes in serving businesses involved in Ukrainian-Chinese trade, offering comprehensive support for international transactions and cross-border financing. UBRR provides internet banking services exclusively for legal entities through the UBRD Business platform.

For individuals, UBRR offers limited retail services including current account management and deposit products. The bank focuses primarily on corporate banking, reflecting its mission to facilitate business cooperation between Ukrainian and Chinese enterprises.

Question 6

What makes UBRR unique?

Accepted Answer

UBRR is distinguished as Ukraine's first and only bank with 100% Chinese capital ownership. In November 2017, Tianjin Bohai Commodity Exchange (BOCE) completed the acquisition of UBRR, making it a strategic financial bridge between Ukraine and China.

The bank's unique positioning supports Ukraine's participation in China's Belt and Road Initiative, which launched in 2013 with plans for $1 trillion in Chinese investments across 60 countries. Ukraine officially joined this state program in 2015.

UBRR operates with a clear mission to promote business cooperation between Ukrainian and Chinese businesses through corporate banking services. The bank combines Ukrainian market knowledge with Chinese financial backing, offering specialized expertise in cross-border transactions and international trade finance.

Question 7

What type of financial institution is UBRR?

Accepted Answer

UBRR is a universal commercial bank (універсальний комерційний банк) in Ukraine operating under License No. 216 dated November 15, 2011, issued by the National Bank of Ukraine. The bank is authorized to conduct comprehensive banking operations.

As a universal bank, UBRR provides both traditional banking services and specialized financial products, though its strategic focus leans heavily toward corporate banking and international business services. The bank is a participant in the Deposit Guarantee Fund for Individuals since October 21, 2004 (Certificate No. 169), ensuring customer deposit protection in accordance with Ukrainian banking regulations.

UBRR

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About UBRR in the Ukraine