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UniCredit Bank has been named as the Best Trade Finance Provider in Ukraine by Global Finance magazine for the six years in a row

28.01.2016

Reputable international financial magazine Global Finance named UniCredit Bank as the best trade finance bank in Ukraine. The bank has been receiving this title for the six years in a row.

Besides UniCredit Bank Ukraine, another 3 members of UniCredit Group became leaders in their countries: in Austria – UniCredit Bank Austria AG; in Bulgaria – UniCredit Bulbank; in Croatia – Zagrebačka banka and UniCredit group was recognized as the best trade finance provider in Central and Eastern Europe. The names of the winners were announced on January 20, 2016 at the BAFT Global Annual Meeting in Paris.

The editorial review board of Global Finance together with industry analysts, corporate executives and technology experts selected the best trade finance providers in 9 regions and 84 countries based on results of the projects carried out by those banks in 2015.

The volume of trade finance transactions, scope of global coverage, customer service, competitive pricing and innovative technologies in financing were criteria for the winners choosing.

"It is not easy to win the title of the best once, but to live up to it for six years is a proof that we are very consistent toward our clients. This achievement is a result of well-coordinated work of bank’s departments and effective cooperation with foreign financial institutions in the bank’s trade finance projects. We will keep on providing our customers with high-quality service and proving this title in future," – said Roberto Poliak, Director of International clients department at UniCredit Bank.

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

 

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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