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Chairman of Ukrsotsbank Borys Tymonkin gained 2nd place in the "TOP-20 bankers of Ukraine” rating

27.05.2011

Boris Tymonkin, Chairman of the Ukrsotsbank achieved one of the leading positions in "TOP-20 bankers of Ukraine" ranking according to the Focus magazine.

To make up the list Focus has developed a special technique the main parameters of which are nine key criteria: financial results, the dynamics of deposits of corporate and individual clients, the dynamics of loans of corporate and individual clients, assets, equity, share of reserves in the loan portfolio, goodwill.

Analyzing the data of financial institutions for 2010 year in the ratio to 2009, the highest score - 10 points editorial granted to a bank with maximum value and 1 point - with minimum. Scores to other banks were put down in proportion of 1 to 9, depending on the value of the indicator. Experts put the marks according to a 5-point scale, evaluating banker professional skills and his efficiency as a top-manager.

Edition warmly praised Mr. Tymonkin and the Bank: "Boris Tymonkin is one of the most experienced executives in the Ukrainian banking community. Seven years of experience in leading PUMB bank. Mr. Tymonkin have been managing Ukrsotsbank for the last 11 years. Effective management of Mr. Timonkin is confirmed by the fact that he continues to lead the bank, despite the replacement of its owners. Up to the crisis of 2009, the profit of Ukrsotsbank amounted to UAH 127 million. All efforts of Boris Timonkin are now aimed at achievement of pre-crisis indicators. It concerns the credit policy first of all. The first results are already there: in March and April of 2011 Ukrsotsbank showed 10 times more mortgage loans than in whole 2010."

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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