At a glance
Mission & values
Press & Media
Business model
Ukrsotsbank Worldwide
Ukrsotsbank Factsheet
Support Print Add to bookmarks

ABH Holdings S.A., banking group of Alfa-Group Consortium, and international group UniCredit Group closed the deal on exchange of assets


ABH Holdings S.A. and UniCredit Group announced the closing of the deal to transfer 99.9 % of shares in Public Joint Stock Company "Ukrsotsbank" in exchange for a minority 9.9% stake in ABHH.

October 31, 2016, Kyiv, Ukraine – Today, ABH Holdings S.A. (ABHH) that indirectly owns 100 % shares in Alfa-Bank Ukraine (through the holding company ABH Ukraine Limited (ABHU)) and UniCredit Group (UCG) announced the closing of the deal to transfer 99.9 % of shares in Public Joint Stock Company "Ukrsotsbank" in exchange for a minority 9.9% stake in ABHH.

As a result of this deal, UniCredit Group, the Italian banking group spanning over 17 countries, became a minority shareholder of ABH Holdings S.A., an investment holding company of Alfa-Group headquartered in Luxembourg. Also, Andrea Maffezzoni, Head of Strategy, Business Development and M&A at UniCredit, will join the Board of Directors of ABHH.

Commenting on the closing of the deal, Mikhaіl Fridman, the Chairman of the Supervisory Board of international consortium Alfa-Group, said, "We welcome our new partner UniCredit Group as a shareholder of our banking group. This partnership will allow us to step up in the development of ABHH Group in all the countries in which the Group operates, combining our expertise, years of experience and strengths of our teams."

"This deal will undoubtedly result in the emergence in Ukraine of a strong player acting on the unified platform of two banks. We are going to compete for the leadership in the Ukrainian market, first and utmost, by upgrading the level of technology, increasing efficiency, improving quality of service for the clients, as well as reducing the cost of services and expanding their range," added Mikhaіl Fridman regarding the plans for ABHH banking group’s development in Ukraine.

This deal has been carried out in full compliance with the laws and regulations. On September 8, 2016, the Antimonopoly Committee of Ukraine authorised concentration of ABHH having noted the positive effects of this concentration for the whole banking sector and that the banking system of Ukraine will receive a large and highly competitive bank, which will have a positive effect on its stability. In addition, the clients will get access to better products and services.

Also, on October 12, 2016, the National Bank of Ukraine has approved the deal between ABHH and UCG welcoming the first big M&A deal in the banking industry in recent years and expecting that the combination of competencies of the two international financial groups will promote the development of the banking service market in Ukraine.

Rushan Hvesyuk, the Chief Executive Officer of Alfa-Bank Ukraine, noted, "This is a unique deal in the financial industry of Ukraine. Ukrsotsbank and Alfa-Bank Ukraine have a long history of successful operation in the banking market and are rated among TOP 10. We have been through a few very difficult periods together with Ukraine and its economy. And now, as a unified team and with the support of our shareholders from two international banking groups, we will work alongside to create a new leader of the country’s banking market."

"We will continue to make our contribution to developing of the financial industry and economy of the country. And the clients will receive new possibilities – a broader product line, more advantageous conditions, extensive network of branches and ATMs across the country, advanced functionality – nothing but the best from the two banks, and the best that will be created by a new unified team," added Rushan Hvesyuk.

Tamara Savoshchenko, the Chairman of the Board of PJSC "Ukrsotsbank": "In a highly competitive banking industry, it is clear that the new leader in the market can only occur as a result of the synergy of two strongest players, two teams of experts working towards the same goal."

The deal structure assumes that UniCredit Group transfers its block of shares in PJSC "Ukrsotsbank" to ABH Holdings S.A. in exchange for issued shares equal to 9.9% stake in ABHH after the deal closing.



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.

Social networks:


Press-service Ukrsotsbank

Phone: 0 800 3000 90

Branches & ATMs
0 800 3000 90 0 800 3000 90
0 800 3000 90 0 800 3000 90

Calls from fixed and mobile networks in Ukraine are free of charge.

Number to be used for calls from mobile number within Ukraine for Vodafone, Kyivstar, lifecell subscribers.

Rates according to tariff plan used by user.

The callback service for mobile calls.

International and domestic calls according to the tariffs of the operator.

Rates apply to the actual date of writing-off from the account and are close to the bank’s exchange rate while blocking the necessary amount at the time of the transaction fulfilment.
At first card account currency is stated, hereafter the settlement currency with payment system is indicated.
Service quality appraisal


Any questions, offers, comments?

We appreciate our cooperation with you. Please fill the feedback form bellow for sharing your suggestions , comments as well as ask us a question or call Contact-center of JSC "Ukrsotsbank" by number 0 800 5000 20 (landline calls within Ukraine are free).

I want to receive the information on new Bank’s services, promotion campaigns and prize drawings.

Required fields