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New Chairman of the Supervisory Board of UniCredit Bank elected

01.03.2016

At the Supervisory Board Meeting on February 29 Mr. Harald Vertneg was unanimously elected as the Chairman of the Supervisory Board of UniCredit Bank (PJSC "Ukrsotsbank"). The previous Chairman, Willibald Cernko, resigned on February 18.

Mr. Vertneg was born in Vienna in 1959.

Education:

University of Vienna, diploma received in 1983, majored at Business Management and Information Technology; Master's Degree

Workplace:

UniCredit Bank Austria AG, Head of Accounting (Austria and Central and Eastern Europe)

Experience over the recent years:

October 2008 – April 2010 – Financial Officer, Member of the Board of UniCredit Bank (PJSC "Ukrsotsbank").

Since May 2010 – UniCredit Bank Austria AG, Head of Accounting (Austria and Central and Eastern Europe);

Since April 2011 – Member of the Supervisory Board of UniCredit Bank (PJSC "Ukrsotsbank").

 

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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