July 24, 2014

Online edition Hubs, citing an anonymous letter and verbal confirmation of Nikolai Lagun, reported that the founder and co-owner of Delta Bank is preparing to buy the First Credit History Bureau of Ukraine (FCHBU). According to Mr. Lagun, the transaction will be closed in 1-2 months. The banker does not disclose the amount of the transaction, says the article "Nikolai Lagun - back in game" published on the portal hubs.com.ua.

The purpose of the transaction is to create the biggest in the market credit history bureau having almost all banks as partners. Bankers believe that Mr. Lagun, in merging the two credit bureaus, may be assisted by Icelandic financial group CreditInfo, which is part of the shareholders of both of these companies – IBCH and FCHBU. After the merger, the new bureau will be almost the same size as the credit history bureau of Privat Bank.

There are three major credit bureaus in Ukraine. The largest of them – the Ukrainian Bureau of Credit Histories (UBCH), which is owned by Privat Bank, keeps the largest number of credit histories – 35.7 million. These are histories of repayment of loans of 20.8 million of Ukrainians and Ukrainian companies. The partners of the Bureau are more than 90 banks, nearly 100 credit unions, leasing, insurance and financial companies.

The second position by the number of credit histories takes the First Credit History Bureau of Ukraine (FCHBU) – 17 million. The Bureau was established in 2005 by a group of banks. Now it belongs to 33 banks, among its shareholders there are insurance and leasing companies, a few individuals, as well as an Icelandic company CreditInfo Group. All investors’ shares in do not exceed 10%.

The third place goes to the International Bureau of Credit Histories (IBCH), established in 2006 by the same Credit Info Group and Swedbank. It keeps the data on 15.2 million of credit histories. The Bureau works with 90 partners, Delta Bank can be called a major supplier of credit histories, which a few years ago became a shareholder of IBCH.

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