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PJSC Ukrsotsbank was awarded the professional prize from Ukrainian Financial Olympus for introducing a new financial product in 2010

18.05.2011

The official ceremony of professional Business Olimp Professional Awards took place 28 April in Small Mariinsky Palace. The award was handed to the Chairman of the Board of Ukrsotsbank Borys Tymonkin.

As mentioned earlier, PJSC Ukrsotsbank was awarded "The Ukrainian Financial Olympus" for the development and introduction of new and original service "Franchise” that increases development of franchise networks by means of lending.

Natalia Ofitserova, Head of Franchising Development Department of the Retail Center of the Bank described further plans of Ukrsotsbank in this direction: “We are planning to work not only with Ukrainian franchisers, as we are ready to enter the international market in order to increase the amount of foreign franchises in Ukraine. Today we are negotiating with one of the largest franchising operators in Ukraine and CIS. It is the only one in the market that has a number of signed memorandums of partnership not only in Europe, but also in America and Asia. The main goal of our cooperation is positioning of Ukrsotsbank as a reliable partner in franchising area, foreign franchises generator in Ukrainian market and assistant to local franchisers in operating on foreign markets that can take an advantage of our giant network that spreads to many countries”.

The ceremony took place as a social event in the Renaissance style. There were heads of unions and professional associations, media representatives, corporate executives, those who won the elections in 2010 in the financial, construction, food, trade, transport and legal sectors were among the invitees.

The program of the gala occasion included presentation of the material attributes of premiums to companies-winners, concert and entertainment events, buffet.

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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