MEGABANK - History

"Megabank" received the License of the State Commission on Securities and Share Market on carrying-out activity connected with issue and circulation of securities, the right for carrying out depositary activity and the right for maintaining the register of the personal security holders;
initiated and participated in the establishment and functioning of Kharkiv Regional Bill Center concerning settlement of default in budget and fuel and energy spheres;
with the National Bank of Ukraine started the work concerning creation of the National System of Mass Electron Payments (NSMEP);
became a member of S.W.I.F.T.;
connected with the information-dealing system Reuters;
became a member of the Ukrainian Interbank Currency Stock Exchange (UICSE).

1998

"Megabank" opened its first branch – "Shebelinske" – in the village of Chervonyi Donez of Kharkiv region and the first three automated points of municipal payment reception in Kharkiv.

1999

"Megabank" put into commercial operation in Kharkiv the Common Settlement Centre on payments for electric power and housing-municipal services (CSC), made a common database of the payers, developed and put into circulation a common settlement slip;
opened 9 own branches and automated points of payment reception;
became a member of NSMEP and produced the first payment plastic card.

2000

"Megabank" set the first automated teller machine of NSMEP in Ukraine;
opened 24 own branches and automated points of payment reception;
participated in financing of construction of the third line of Kharkiv underground.

2001

"Megabank" opened its first balance subsidiary in Poltava;
made on the base of CSC a common database of the persons, who have the right to receive benefits and subsidies; automated workplaces in subsidy departments;
opened 14 own branches and automated points of payment reception;
received the license for transportation of currency values and made its own collection service.

2002

"Megabank" opened five balance subsidiaries in Chernigiv, Kirovograd, Cherkassy, Mykolayiv and Kherson;
opened 18 own branches and automated points of payment reception;
received the license for work with bank metals – gold bars of the highest standard.

2003

"Megabank" opened balance subsidiaries in Vinnitsa and Lviv;
introduced CSC in Chernigiv, Kirovograd, Znam’yanets of Kirovograd region, Cherkassy, Nova Kahovka of Kherson region and in Pervomaisk of Mykolaiv region;
opened 51 own branches and automated points of municipal payment reception;
became a member of the international payment system "MasterCard".

2004

"Megabank" opened balance subsidiaries in Kyiv, Zhitomir and Donetsk;
introduced into use the CSC in Lviv;
opened 29 own branches and automated points of municipal payment reception;
opened the account to the 100-thousandth client;
produced the 50-thousandth payment plastic card of NSMEP.

2005

"Megabank" became the winner of competition of the Ministry of Finance of Ukraine, concerning determination of the authorized banks through which payment of wages to the employees of budget establishments and state social help can be carried out with the help of plastic cards;
won the competition for the right of money cash payment to budget establishments with the checks of the State Treasury of Ukraine;
opened 12 branches:
- opened 6 branches with the extended list of services – in the cities of Vinnitsa, Lviv, Poltava, Kharkiv and in the settlement of Zolochev of Kharkiv region;
- opened 6 branches – points of payment reception in the cities of Lviv, Kharkiv and Chuguiv of Kharkiv region;
made the common database of the payers for electric power and housing-municipal services in Donetsk;
cooperates with the International Finance Corporation concerning improvement of corporate governance in the bank.

2006

"Megabank" placed 20% of its own shares in the secondary market of securities. The portfolio investors from Austria, Germany, Russia and Switzerland entered the structure of the bank’s shareholders.
At the Shareholders’ General Meeting of "Megabank" PLC the new strategy of the bank for 2006 and for the period till 2008 inclusive was approved, according to which during three years the bank is planning:
- to increase net assets in 8 times,
- shareholders’ equity – in 6 times,
- profitability of assets – in 3 times and because of the amount of assets to become one of the 20 largest banks of Ukraine.
David N. Cleave, an expert with international bank experience, whose nomination was offered by the International Finance Corporation (IFC), was appointed to the post of the independent director in the Supervisory Board.
The Shareholders’ General Meeting of the bank elected Victor Subotin as the Chairman of the Supervisory Board (earlier he was the Chairman of the Bank Management of "Megabank"). Lina Gosteva was introduced into the structure of the Supervisory Board (earlier she was the head of the Internal Audit Department of the bank). She headed the Audit Committee of the Supervisory Board of the bank. Olexiy Logvinenko and Anatoliy Bugaez (in connection with their election as deputies of Ukraine), a representative of NJSC "Naftogaz of Ukraine" Dmytro Bublik, a representative of the Close joint-stock company, Construction Company "Megabud" Fedir Balev and Valentina Petrovych (of their own accord) were removed from the Supervisory Board of the Bank. Besides Olena Zhukova (earlier she was the Deputy Chairman of the Bank Management) was elected as the Chairman of the Management of "Megabank" PLC. Dmytro Komarkov was appointed the First Deputy Chairman of the Management.
"Megabank" put the Internet system into commercial operation – payment for electric power and housing-municipal services with the help of plastic cards NSMEP, the owners of which have an opportunity to get information about duties and current charges on housing-municipal services, to pay for these services through the Internet network on the site of the Common Settlement Centre of the bank.
The Common Settlement Centre of "Megabank" became the winner of the Ukrainian contest-exhibition "The Best Domestic Goods of 2006" in the nomination "Bank, insurance, financial services".
According to the decision of the Management Board of the National Bank of Ukraine "Megabank" PLC has received the status of the bank with foreign capital. The permit for purchase of the considerable interest at the rate of 12,8% of the authorized capital of "Megabank" is given to the Bank Austria Kreditanschtal AG (Austria, Vienna).
"Megabank" issued the 100-thousandth card of the National System of Mass Electron Payments (NSMEP).

2007

Consistently realizing the corporate strategy of expansion of the subsidiary network, "Megabank" PLC opened the Central regional branch in Dnipropetrovsk, Sumy, Zaporizhya, Odesa, Khmel'nitskyi, Ternopil, Ivano-Frankivs'k and the Crimean central regional branch in Simferopol.
On March 1, 2007 Olexandr Lashchenko was nominated as the First Deputy-Chairman of the Management Board of "Megabank" PLC. From this moment the Chairman of the Management Board Olena Zhukova has had two First Deputy-Chairmen: Olexandr Lashchenko and Dmytro Komarkov.
On April 5, 2007 according to the decree of the Chairman of the Management Board of "Megabank" Olexandr Olexandrovych Shypilov was nominated as a Deputy-Chairman of the Management Board of the bank. Main Department of Corporate Business is under the command of Olexandr Olexandrovych.
"Megabank" PLC started to realize the program of payment for utility services through ATMs of the network and linked up 25 cash machines in the context of the municipal service payment system introduction with help of the cash machines.
The page of the Common Settlement Centre of "Megabank" PLC (www.erc.megabank.net) became an extremely successful example of a really working in the sphere of service.
On June 26 "Megabank" PLC celebrated it's 17-th anniversary on the bank services market of Ukraine.
On July, 6 "Megabank" PLC signed the credit agreement with "State Export-Import Bank" (Kyiv) within the framework of the joint Second project of export development with the World Bank of Reconstruction and Development. The sum of agreement makes 10 mln USD, with opportunity to increase this sum up to 20 mln USD.
The "Megabank" PLC has received the certificate of the tenth issue shares registration (August 2, 2007). The statute capital was increased in 200 million hryvnas as a result an open distribution conduction.
On August 6, 2007 according to the decree of the Chairman of the Management Board of "Megabank" Pidgorna Viktoriya Viktorivna was nominated as a Deputy-Chairman of the Management Board of the bank. Main Department of Retail Business is under the command of Viktoria Viktorivna.
The "Megabank" PLC introduced the new service for the juridical and natural persons-entrepreneurs - "The crediting in the banking measures".
The "Megabank" PLC informational service has functioned from September 1 over the telephone
8-800-50-44-000.
The "Megabank" PLC is part of the "TOP-100. The best financial sector companies" rate.
The "Megabank" PLC began introducing the six-day working week department's transference program introduction.
The European Bank for Reconstruction and Development granted a loan to the "Megabank" PLC by 20 million USD credit for long-term financing little, small and middle business local companies. The "Megabank" PLC begun the Micro crediting program realization.
The "Megabank" PLC became the partner-participant of PrivatMoney, MoneyGram, Anelik and Allure international orders systems.
The third "Megabank" PLC bonds issue was registered at the State Commission of the security and stock market at November 23, 2007 year.

2008

January

Megabank Public Limited Company signed the general contract on refinancing and servicing of mortgage credits with State hypothecary institution.
The unified payment centre of Poltava city, found on the basis of the Poltava department of JSC "Megabank", has introduced the unified receipt for paying all the types of municipal payments and energy-carriers.

February

JSC "Megabank" has conducted the repayment of the interest profit for the 5-th coupon period on bonds series C and D in full size and on time.
JSC "Megabank" is launching the implementation of the crediting program in cooperation with the German-Ukrainian Fund.
The "Kyivske №1" branch of PLC "Megabank" started its operation.

March

"Megabank" PLC received the next tranche from the European Bank for Reconstruction and Development in the sum of 2,5 mln USD within the bounds of SME crediting. The present tranche is a starting point of the second stage of the programme realization.
The Kryvorizhske Branch №1 of PLC "Megabank" started its operation.
"Megabank" has been licensed by the National Bank of Ukraine to execute operations with currency values, in part of operations with bank metals at international markets. According to the license nowadays "Megabank" executes the whole body of operations stipulated by the Law of Ukraine "On Banks and Banking Activities".
PLC "Megabank" has completed placing its own bonds series Е.

April

"Megabank" came out as a sponsor of the exhibition "Banks. Insurance. Franchising", which was held in Kharkiv from the 17-th till the 19-th of April 2008.
Shareholders of PLC "Megabank" summarized the results of the bank work in 2007 and approved the plans for 2008.
PLC "Megabank" opened the new branch №94 in Kharkiv.

May

The new branch "Poltavske №4" of OJSC "Megabank" started its work.
The German State Bank of Development "KfW" provides PLC "Megabank" with a credit line in the amount of USD 10 million for 5 years.

June

"Megabank" placed its 100-th ATM.
PLC "Megabank" opened the new branch №92 in Kharkiv.
"Megabank" opened the Central Regional Branches in Lutsk, Uzhgorod and Rivne.
The rating agency "Credit-Rating" confirmed the long-term credit rating of "Megabank" according to the national scale on the level uaA- the forecast is stable.
In June 2008 "Megabank" became the winner of tender on choosing the bank to allocate temporarily free funds of the budget of Pechinizhskiy District of Kharkiv Region on deposit accounts.

July

Odesa CRB of "Megabank" introduced individual service of accounts of individuals – sailors in USD. When the currency is received to their address the account is served free of charge.
"Megabank" opened two new branches for receiving utility payments and other payments in Kharkiv: branch №97 and branch №103.
In July 2008 "Megabank" became the winner of the following tenders on choosing banks to allocate temporarily free budget funds on deposit accounts:
- Novomoskovskiy city council (Dnipropetrovsk region);
- Ponomorenkivskiy city council (Kharkiv region);
- Vesnyanskiy city council (Mykolayiv region);
- Andriyivskiy village council (Balakleya district, Kharkiv region).

August

PLC "Megabank" opened the new branch №93 in Kharkiv.
The Supervisory Board of "Megabank" at its meeting has included Olga Petrivna Porubay into the Management Board of the Bank, in connection with her appointment to the position of the chief accountant. Tetyana Ruslanivna Yakhina was excluded from the staff of the Management Board.
"Megabank" became the winner of the tender on choosing the bank for allocation on depositary accounts of temporarily free budgetary funds of Simferopol Regional State Administration.
"Megabank" became the winner of the tender on choosing the bank to allocate temporarily free assets of the Vesnyansk Village Council of Mykolayiv Region on the depositary accounts.
Kharkiv-headquartered Megabank received this September first tranche of $5 mln., granted by KfW (Germany) as per the loan agreement.
"Megabank" duly and in full size paid the coupon on bonds of series F in the amount of UAH 3 428 thousand.
"Megabank" became the bank-sponsor of Rivne regional contest of investment-innovative business-plan "Time for your business".

September

Megabank won 4 tenders for maintenance of local funds temporarily not distributed.
Megabank has effected scheduled coupon payment of UAH3,428 thusand under Series E bonds in a timely manner and to the best extent.
September, 6, Megabank has recently welcomed KfW's delegation.