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Information on legal succession

16.10.2019

Joint Stock Company Alfa-Bank (located at the address: 03150, Kyiv, 100 Velyka Vasylkivska Street, identification code 23494714) and Joint Stock Company Ukrsotsbank (located at the address: 03150, Kyiv, 100 Velyka Vasylkivska Street, identification code 00039019) inform that on October 15, 2019 JSC Alfa-Bank became the full legal successor of all rights, obligations and property of JSC Ukrsotsbank and acquired all rights to all assets of JSC Ukrsotsbank transferred to it by way of succession including (but not limited to) rights under security agreements (including suretyship agreements), as well as undertook obligations of the debtor on demands of creditors (depositors) under the transferred liabilities of JSC Ukrsotsbank  without  the need to amend the  relevant agreements.

JSC Alfa-Bank also became a successor of property and funds of JSC Ukrsotsbank on which encumbrances (including public encumbrances) and restrictions on disposal (including arrests) have been imposed under the transfer deed, while retaining such encumbrances and restrictions on disposal.

Since October 15, 2019 JSC Alfa-Bank acquired all rights and obligations regarding settlement of pecuniary liabilities or the tax debt of JSC Ukrsotsbank whereupon JSC Ukrsotsbank is considered  to be a legal entity which has no tax arrears, fees arrears and has no arrears in the payment of mandatory deductions.

Commission for the reorganization of JSC Ukrsotsbank,

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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