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Federico Ghizzoni visited Ukraine in the frames of Institutional Mission for the first time as the CEO of UniCredit

06.07.2012

On July, 2 Federico Ghizzoni , CEO of UniCredit visited Ukraine in the frames of Institutional Mission.

Mr. Ghizzoni was accompanied by Mr. G.F. Papa, Head of CEE Division of UniCredit and Mr.G.Scognamiglio, Head of Public Affairs of UniCredit.

The program of the Mission was launched with the informal meeting with Mr. Fabrizio Romano, Ambassador Extraordinary and Plenipotentiary to the Republic of Italy in Ukraine. The key event within the Mission was meeting with the owner of “System Capital Management” Mr. Rinat Akhmetov, Deputy Head of the National Bank of Ukraine Mr. Igor Viacheslavovych Sorkin and the representatives of the Ukrainian Government: Mr. Petro Poroshenko, Minister of Economic Development and Trade of Ukraine and Deputy Prime Minister and Mr. Boris Viktorovych Kolesnikov, Minister of Infrastructure of Ukraine.

Within these institutional meetings several important aspects of the Group banks' current activity in Ukraine were highlighted, especially its development plans as well as Group long-term plans in terms of business activity as a whole on the territory of Ukraine and specific issues concerning the financial situation in the country, inflation expectations and monetary policy of the NBU.

From PJSC “Ukrsotsbank” management side Mission was accompanied by Mr. Boris Timonkin, CEO of PJSC “Ukrsotsbank” and Mr. Grazziano Cameli, General Manager of PJSC “Ukrsotsbank”.

The visit of the Group management in Ukraine underlines undeniable importance of UniCredit’s presence on the local market as well as the willingness of the Group to provide further support to the subsidiary structures.

During the visit Federico Ghizzoni continually highlighted that: “Group UniCredit that is presented by two subsidiaries PJSC “Ukrsotsbank” and PJSC “UniCredit Bank” doesn’t intend to leave Ukrainian banking market as it is convinced in high potential of this country”.

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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