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UniCredit Bank offers foreign currency borrowers restructuring under the terms 50/50

10.06.2015

UniCredit Bank offers foreign currency borrowers with total debt up to 150 000 standard units of credit in foreign currency (USD/CHF/EUR) to take advantage of the restructuring on the terms of 50/50 - when making a certain amount of debt, the bank writes off the very same amount as a bonus.

"About 15 thousand of customers are falling under the 50/50 option. This is a good offer and once again the bank proves its readiness to seek compromise with constructively oriented borrowers. I am confident that our customers will appreciate this option, and statistics confirms it: only during one week from 2 to 8 June, 1 139 people used the option in the amount of UAH 31.8 million ", - said Vitalii Teran, Head of NPL Coordination in UniCredit Bank.

Terms of option are varying for the two groups of loans:

- Group 1 - borrowers who had no debts prior 1 January 2014. On the day of signing the agreement on application of this option they must make at least 1 000 standard units, and the same amount will be deducted from the loan’s principal.

- Group 2 - borrowers who have a debt prior to 1 January 2014. They need to make a payment no less than 3000 standard units to use the terms of this option.

Subsequent payments on the write-off according to the option 50/50 should be more than 500 standard units for Group 1 and more than 1 000 standard units for Group 2.

Use of this option is multiple until 31 December, 2015.

For detailed information please follow the link

 

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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