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Ukrsotsbank improved lending terms for Honda automobiles

10.03.2011

PJSC “Ukrsotsbank” in liaison with “Honda Ukraine” – the official importer of Honda automobiles, improved lending terms under the joint Honda Finance lending program by reducing interest rates. Under the program Bank offers interest rate of 0,001% per annum depending on advance and lending period. Thus, for instance, starting with 1 March, 2011 client can take out a loan to purchase a car for a period up to one year with the 20% advance of car price at 1,99% in hryvna. And with the same advance for the period starting with 5 years at 14,1% in hryvna. Client also has an opportunity to effect insurance on credit reducing expenses while taking out a loan and to purchase the most popular automobile Honda Accord, having at hand 52 300 hrn.*

* This is after initial advance, banking commission and notary services, but before registration in State Traffic Patrol Department and pension tax.

In liaison with partners of the program – insurance companies, Bank offers the most profitable terms on vehicle insurance – thus, CNC tariffs account for 5,49% of car price.

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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