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PJSC "Ukrsotsbank", UniCredit Bank™, launched a deposit "Champion"

23.10.2012

On 22 Ocotber 2012 року PJSC "Ukrsotsbank", that operates under UniCredit Bank trade mark, presented its clients an innovative product – "Champion" deposit.

The Bank’s specialists derived inspiration for the creation of "Champion" deposit from the primary sport event of the year 2012 of Ukraine - European football championship. The main feature of the deposit is that during its validity period in 120 days the accumulation of interests is divided in three "football" periods – 45 days, 45 days and 30 days. With each of the three "periods" passing by the interest rate grows, and repayment of the “earned” interests is executed at the end of every period to the current or card account of the client. The interests for every intermediate period are calculated according to the scheme:

Full intermediate periods (days inclusive) Interest rate, % annuals
Up to 50 000.00 UAH 50 000.01 - 300 000.00 UAH 300 000.01 UAH and more
1 – 45 days inclusive 18.5% 19.5% 20.5%
46 – 90 days inclusive 19.5% 20.5% 21.5%
91 – 120 days inclusive 21% 22% 23%

Besides beneficial interest rates and convenient payout of income "Champion" combined a possibility of unlimited replenishment and automatic prolongation.

Lyubomyr Punchev, Director of Retail Business Center of PJSC "Ukrsotsbank", commenting the launch of a new product said: "When creating this deposit we, first of all, were aimed at making not just an ordinary bank deposit, but the product that will cover all clients needs. The "Champion" deposit is exactly what our clients wanted: to receive good return in the intermediate deposit period, to be able to put money on it any time and to have a relatively short term deposit. The product was even tested for clients’ acceptance and passed it with excellence".

 

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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