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PJSC "Ukrsotsbank", UniCredit Bank™, released non-financial report for 2012 financial year

03.04.2013

On April 1, 2013 PJSC "Ukrsotsbank", which operates under the UniCredit Bank trade mark, made public the results of its non-financial activity in 2012 – Communication on Progress in the frames of UN Global Compact.

The UN Global Compact is a strategic policy initiative for businesses that are committed to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. Today there are more than 10,000 companies and organizations that participate in the Global Compact initiative from more than 130 countries worldwide.

Borys Tymonkin, CEO of PJSC "Ukrsotsbank", UniCredit Bank™, commenting on the Bank's participation in the UN initiative, said: "For 22 years of have been working on the domestic market PJSC “Ukrsotsbank”, UniCredit Bank™, has gained a reputation of a socially responsible financial institution which annually supports a large number of cultural, sport and other philanthropy projects in Ukraine. As a socially responsible organization, PJSC "Ukrsotsbank", UniCredit Bank™, is an active member of the UN Global Compact initiative and fully shares and is committed to 10 principles of the Document. Currently, it is the third Communication on Progress (COP) in implementing the principles of the UN Global Compact, which we present to the public".

In the current COP the banking institution discloses social projects, educational initiatives and charity campaigns implemented during the reporting period, tells about its future plans on corporate social responsibility (CSR), distributes international standards of social and environmental responsibility of the parent group, talks about the actions that Bank has implemented in the field of anti-corruption and more.

Irina Kobylchenko, Head of Identity and Communications in PJSC "Ukrsotsbank", UniCredit Bank™, added: "Bank’s cooperation with the UN within implementation of Global Compact principles is a great opportunity to demonstrate to stakeholders our commitment to international principals of corporate responsibility and social development, to tell about real social cases, supported and implemented by the Bank as well as to share experience with other business organizations".

PJSC "Ukrsotsbank", UniCredit Bank™, joined the Global Compact initiative in November 2006 and already in 2007 the Bank entered the Ukraine's first edition of social responsible companies which adopted socially responsible business practices established under the UN Global Compact initiative. Today the Bank has already published three non-financial activity reports. The reports of PJSC “Ukrsotsbank”, UniCredit Bank™, are available on the official web-site of the UN Global Compact and on the official web-site of the financial institution.

 

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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