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The DGF named UniCredit Bank as agent bank for 2015-2016

08.07.2015

UniCredit Bank was identified as the Deposit Guarantee Fund agent bank in 2015-2016. This is stated in the decision of the executive management of the Fund as of June 30, 2015 #145/15.

"We have previously acted as a partner bank of the Fund, we’ve returned deposits of Nadra bank and Imeksbank this year. UAH 455.6 million was paid in total on these insolvent banks. Now we continue to repay the depositors of Kyivska Rus bank. Now our cooperation has been increased: as an agent, we will directly cooperate with the Fund", - says UniCredit Bank head of deposit products and card accounts Iryna Strepetova.

According to the Regulations on the procedure for determining the DGF agent banks, the agent bank must belong to I or II group of banks in terms of assets as of the current year. Financial institutions also must possess a broad regional network of branches and offices across the country. Agent bank must also not have debts to the Fund as well as the program of financial recovery.

The Fund has identified 19 agent banks in total in the following period.

 

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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