CLOSE
At a glance
Investors
Mission & values
Press & Media
Business model
Careers
Ukrsotsbank Worldwide
Ukrsotsbank Factsheet
Support Print Add to bookmarks

UniCredit: the Board of Directors approves the launch of a project for a new organizational set-up Leaner organization, faster decision making, closer proximity to customers

12.07.2012

Leaner organization, faster decision making, closer proximity to customers

UniCredit Board of Directors today approved a project aimed at putting in place a new organizational set-up.

The project, in line with the objectives of UniCredit Strategic Plan announced in November 2011, will create better capability to respond to client needs with a leaner organization, faster decision-making processes and improved operational efficiency.

The Holding’s role will be reinforced through strengthened control systems and tighter management of global processes, while country-level legal entities will gain additional responsibilities.

Activities and processes will be simplified both at global and local level, thus allowing for faster decision making processes and maximizing Group synergies. At country and regional level, local entities will have more tools at their disposal to manage commercial banking.

The key Group areas of this new organizational set-up will be:

HOLDING

The reorganization will strengthen the Holding’s role with regard to internal controls, performance management and supervision of key global issues and processes (e.g. IT investments, HR management, etc.), while maintaining global responsibility for steering Competence Lines. The Group CEO will assign a specific responsibility to the General Manager in supervising the Group’s Internal Control System, Regulator’s relations and Performance Management.

Responsibility for strategic management and knowledge sharing, innovation projects and performance monitoring will be also maintained at a global level.

CIB GLOBAL DIVISION

In Western European countries CIB Global Division will further strengthen its focus on multinational and large corporate customers, those with clear investment banking needs regardless of turnover, that will be identified name-by-name, and will become fully accountable for all revenues and costs associated with the investment banking operations across these country lines.

COUNTRIES

In the new structure most of the current responsibilities of the Global Family&SME and Private Banking divisions will be delegated to country-level, where Country Chairmen will have greater accountability for the performance of local businesses and will directly manage local commercial banking operations.

Italy

Federico Ghizzoni, CEO, will directly oversee Italian business activities and monitor the Italian turnaround, one of the key pillars of the UniCredit Strategic Plan.

Roberto Nicastro, General Manager, will maintain supervision for the territorial support and – in Italy as much as in the other counties – for the network and multichannel strategy.

The network in Italy will be simplified by cutting one layer out so to accelerate the decision making process and special focus will be placed on achieving commercial synergies across Italy’s business segments. A separate network will be maintained for Private Banking clients, with a specific offering to be developed for Family Offices.

Germany

The German Country Chairman will report to the Group CEO who in turn delegates Jean Pierre Mustier, Deputy General Manager, with the aim to maximise synergies and cooperation between CIB Division and local commercial banking, both situated in UniCredit Bank AG.

Austria

Austria and Poland Country Chairmen will report to the Group CEO who in turn delegates Roberto Nicastro, General Manager, in coherence with the strategy of creating a strong commercial banking platform including the CEE countries. Nicastro will also maintain the supervision of CEE countries as the role of Bank Austria as hub for CEE countries remains unchanged.

The Chief Operating Officer Area and the Asset Management Division will maintain the current global responsibilities.

The project is expected to be completed by the end of 2012, at which time the UniCredit Board of Directors will be asked to approve the new organizational set-up that is scheduled to become fully operational by mid-January 2013. In the meantime the current organizational structure will remain in place until the end of the year.

Milan, July 10, 2012

Enquiries:

Media Relations:
Tel. +39 02 88628236;
e-mail: MediaRelations@unicredit.eu

Investor Relations:
Tel. + 39 02 88628715;
e-mail: InvestorRelations@unicredit.eu

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.


Social networks:

facebook.com


 

Press-service Ukrsotsbank

Phone: 0 800 3000 90
Back





Internet-banking
Branches & ATMs
Contacts
0 800 3000 90 0 800 3000 90
0 800 3000 90 0 800 3000 90
Support

Calls from fixed and mobile networks in Ukraine are free of charge.

Number to be used for calls from mobile number within Ukraine for Vodafone, Kyivstar, lifecell subscribers.

Rates according to tariff plan used by user.

The callback service for mobile calls.

International and domestic calls according to the tariffs of the operator.

Rates apply to the actual date of writing-off from the account and are close to the bank’s exchange rate while blocking the necessary amount at the time of the transaction fulfilment.
At first card account currency is stated, hereafter the settlement currency with payment system is indicated.
Service quality appraisal

Feedback

Any questions, offers, comments?

We appreciate our cooperation with you. Please fill the feedback form bellow for sharing your suggestions , comments as well as ask us a question or call Contact-center of JSC "Ukrsotsbank" by number 0 800 5000 20 (landline calls within Ukraine are free).









I want to receive the information on new Bank’s services, promotion campaigns and prize drawings.

Required fields