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CEO of UniCredit Bank elected to NABU board

10.11.2015

On November 4 Chairman of UniCredit Bank Tamara Savoshchenko became a member of the new board of the Independent Association of Banks of Ukraine (NABU). 12 new NABU board members were elected from among 24 applicants by preferential voting. The reason for the organization’s board change was the end of term of previous board, which was elected in 2011 for 4 years.

In a week after election new board will hold its first meeting for the chairman election.

Independent Association of Banks of Ukraine is the union of financial institutions, which is intended to resolve any issues between financial market participants, ensure protection of their joint interests and build a single strategy in relations with the National Bank of Ukraine and other state authorities.

The mandate of NABU board includes approval of association’s budget, definition of tactical goals and their implementation, determining of payment order and size of the entrance and membership fees, the decision on acceptance/exclusion of association members, creation of permanent and temporary committees, commissions, advisory councils in the structure of the association.

 

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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