Prominvestbank (Kyiv, Ukraine) (full name - Joint Stock Commercial Industrial & Investment Bank (closed stock company) is a bank based in Ukraine that was formed in August 1992. Its overall history goes back more than 86 years. The history of the Bank goes back to the 1920s when pursuant to the government’s decision “On Supreme Council of the National Economy” the Industrial Bank (Prombank) was established as a central financial institution for industry, and on the 1st of January 1923, the All-Ukrainian Office of Prombank was opened in Kharkiv. The network of branches steadily expanded with a view of supporting the leading industrial enterprises. Following the reorganization of Prombank in 1928 into a Bank for Long-Term Lending to Industrial and Electric Power Companies – BDK (Prombank), its strategy changed to focus on providing long-term finance to the construction industry. As a result, approx. 2/3 of all investments into capital construction in the early 1930s were made through the Bank. In 1936-37 the All-Ukrainian Office of Prombank was re-organised into the Office of Authorized Prombank of the USSR based in Kiev (now Kyiv, Ukraine). During the reconstruction period that followed the 2nd World War, the Bank participated actively in restoring various key industrial enterprises, including the reconstruction of Dnipro Hydroelectric Power Station, development of the Donbass coal-mines and other projects of national importance. More information...
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