KIEV, Sept. 21 – System Capital Management, Ukraine's largest holding company, has decided to merge its First Ukrainian International Bank (FUIB) and Dongorbank, which ranked 14th and 24th, respectively, in terms of overall assets at the middle of 2010.

"The major goal of the FUIB and Dongorbank merger is the creation of a bigger and more capable platform for further growth. The merger will make it possible to enhance the bank's reliability and considerably improve the quality of its management and operating efficiency," SCM's official statement on Tuesday quotes SCM Director of Business Development and Chairman of both banks' supervisory boards, Ilya Arkhipov, as saying.