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Announcement of the commencement of JSC "Ukrsotsbank" reorganization

16.09.2019

Joint-Stock Company Alfa-Bank (registered office address: 100 Velyka Vasylkivska St., 03150, Kyiv; identification number 23494714) and Joint-Stock Company Ukrsotsbank (registered office address: 100 Velyka Vasylkivska St., 03150, Kyiv; identification number 00039019), hereby inform you:

  • that the National Bank of Ukraine gave its consent on September 12, 2019 for reorganization of JSC Ukrsotsbank with JSC Alfa-Bank through merger to be carried out according to the simplified reorganization procedure through merger of banks as provided for by the Law of Ukraine On Simplifying Bank Reorganization and Capitalization Procedures dd. March 23, 2017, as well as
  • about the commencement of above reorganization.

In reorganization, JSC Ukrsotsbank will cease to exist as a legal entity after transfer of all its property, rights and obligations to the successor bank - JSC Alfa-Bank.

According to the transfer deed, JSC Ukrsotsbank will transfer, while JSC Alfa-Bank will take ownership of the property and funds that are encumbered (including in the public record), as well as will assume restraints on property disposal (including seizure), with sustaining such encumbrances and restraints on disposal.

The information on the date JSC Alfa-Bank will become the sole successor of JSC Ukrsotsbank will be posted on the official websites of above banks, as well as displayed on the notice boards located in the premises and branches of above banks, in the customer service area.

JSC Ukrsotsbank Reorganization Commission
Management Board of JSC Alfa-Bank

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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