"This is a negotiation and nothing more. Now it is very difficult to predict its outcome", - Tamara Savoshchenko, CEO of UniCredit Bank
This is a negotiation and nothing more. Now it is very difficult to predict its outcome. Such opinion was expressed by the CEO of UniCredit Bank Tamara Savoshchenko concerning information on the start of exclusive negotiations between ABH Holdings SA (ABHH) and UniCredit Group on a purchase of UniCredit Bank in Ukraine during interview to "LigaBusinessInform" news agency.
"Message about this format was real news. However, UniCredit Bank is counted as "assets available for sale" for quite a long time in the Group - from March last year. The negotiations have been conducted during this time with varying degrees of intensity. The press release, which was released last Friday by the Group, confirmed that exclusive negotiations with one particular buyer have started. This is a negotiation and nothing more. Now it is very difficult to predict its outcome," – Tamara Savoshchenko explains.
In addition, in interview CEO of UniCredit Bank touches such topics as the reform on creditors’ rights protection, the situation with large problem borrowers and the financial results of the bank.
The full version of interview is available at the official web-site of the bank in the "Bank in media" section. To read an interview
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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