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UniCredit named Best Sub-Custodian Bank in Central and Eastern Europe

08.07.2010

In its World’s Best Sub-Custodian Banks 2010 survey, Global Finance magazine awarded UniCredit Group for its achievements in Central and Eastern Europe. The US-based financial magazine selected UniCredit as Best Sub-Custodian Bank in Central and Eastern Europe. Furthermore, UniCredit scores number one in Austria and Croatia.

The recent success with Global Finance is the latest of a series of top ratings attributed by the media to the Investors Service’s product line of UniCredit this year, with number one positions achieved in the surveys of Global Custodian and Global Investor earlier this year. “We have made it to the top in each possible custody survey this year, underpinning UniCredit Group’s leading role as a reliable expert for post-trade procedures”, commented Attila Szalay-Berzeviczy, Global Head of UniCredit Group’s Global Securities Services.

UniCredit Group’s Global Securities Services operates in 14 Central and Eastern European countries (including Austria) via UniCredit’s own banking network. It is the biggest provider of securities safekeeping services in the region, for assets under management, for market share as well as for the size of its regional network.

The Group has been active in this business since beginning of the 1990’s, always having played a pioneer role in the development of the securities markets of the region. The team consists of 230 industry experts across Central and Eastern Europe.

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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