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PJSC “Ukrsotsbank”, UniCredit Bank™ ranked within TOP-3 Best Cash Management Banks inside the country

10.10.2012

According to the results of “Euromoney Cash Management Poll 2012” held by Euromoney PJSC “Ukrsotsbank”, UniCredit Bank™, ranked third among the best domestic cash management banks; UniCredit was named as ‘Best Cash Management Bank’ in Central and Eastern Europe.

Milan, 9th October, 2012 – Euromoney’s Cash Management Poll 2012 today revealed that UniCredit is the cash management provider of choice for international corporates with operations in Central and Eastern Europe. The poll also assigns UniCredit a leading position in Italy and Germany, where it ranks as one of the top three domestic cash managers. Moreover, UniCredit was voted best cash management bank in the following 7 countries; Bosnia Herzegovina, Czech Republic, Croatia, Hungary, Poland, Romania and Slovenia. The survey, which includes feedback from more than 17,000 international corporates, was published today and is available on the magazine’s website.

Borys Tymonkin, CEO, Chairman of the Board of PJSC “Ukrsotsbank” UniCredit Bank™ said: “This is for sure success. This award proves that Group shows new qualitative level. More and more international clients trust us and that means that we must justify it. I believe this recognition that was based on the clients’ opinion is the best indicator of the quality of our work. The Ukrainian market hasn’t completely understood yet all the advantages of these services. But those companies that operate internationally have understood them for sure. We need some time, but it seems to me that we’ve overcome the crucial point in our minds. Our next task is to share our knowledge and expertise, support and to become the guide that will make working process with the new market smooth and unpainful”.

Jean Pierre Mustier, Head of Corporate and Investment Banking at UniCredit said: "These awards are a great achievement, confirming that our clients appreciate our continuous efforts to offer the best possible service and to facilitate access to operations in Western, Central and Eastern Europe. Cash management is a core service for our international clients with cross-border operations and UniCredit strives to provide tailor-made solutions for every need. We appreciate this recognition from the international corporates and will continue to focus on improving and developing our core client offering”.

Gianni Franco Papa, Head of CEE Division at UniCredit stated: “Cross-border services are a key pillar of UniCredit´s strategy for corporate customers. Therefore I am especially proud of this recognition of our cash management services from our clients. For a number of years now, we have been focusing on providing customer satisfaction on a daily basis. This is evaluated through regular interviews with our customers. Our service models and decision-making structures are geared towards this and customer satisfaction is a key component when we are developing new products. This recent poll from Euromoney, and the awards granted to our Group, confirm our strong conviction that we should continue along this path.”

This year’s poll results also rates UniCredit as the best cash manager globally in three service categories; ‘Industry expertise and knowledge’, ‘Technical support and guidance’ and ‘Compatibility with clients´ systems’.

In July this year, in a separate award ceremony, a Euromoney jury had also chosen UniCredit as Best Cash Management House in CEE.

Contact:

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

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

About UniCredit Corporate & Investment Banking

UniCredit, a solid European commercial bank with leadership positions in Italy, Germany, Austria and Poland and a strong presence in other high-growth CEE countries, has one of the largest networks in Europe with almost 10,000 branches.

Corporate & Investment Banking, with approximately 9,500 professionals in nearly 50 countries, serves corporate and institutional clients via the largest group of network banks in Western, Central and Eastern Europe.

Committed to long-term partnerships with clients across all sectors, our relationship managers and product specialists create tailor-made solutions in strategic dialogue with our clients adhering to the three pillars of our Core Client Offer:

  • Corporate Banking and Transaction Services
  • Structured Finance, Capital Markets and Investment Products
  • Access to Western, Central and Eastern Europe
 

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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