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General Shareholders’ Meeting of PJSC "Ukrsotsbank", UniCredit Bank™, was held on 23 April 2013

  • 2012 main financial indices
  • 2012 important achievements
  • Main strategic tasks for 2013

On 23 April 2013 the annual General Shareholders’ Meeting of PJSC “Ukrsotsbank”, which operates under the UniCredit Bank trade mark, was held.

During the meeting the shareholders of the bank approved the report of the Management Board on fulfillment of main activities planned for 2012 and determined main tasks for 2013.

In April 2012 the general Shareholders’ Meeting of PJSC “Ukrsotsbank” approved the Bank’s capital increase for USD 150 million. The total stockholders' equity of the Bank amounted to UAH 9 billion in late 2012, which strengthened the level of Bank capital and provided proper financing for acceleration of further development at Ukraine’s market.

«In 2012 we strengthened our capital by increasing total stockholders' equity of the Bank up to UAH 9.064 billion. To further extend Bank’s activity we will rely upon our capital, our strong liquidity position and our values. We are a strong and sustainable banking establishment; as a matter of fact we continue to increase our customers’ deposits and the satisfaction of our customers», - said Giacomo Volpi, CFO of PJSC “Ukrsotsbank”, UniCredit Bank™.

Despite the marginality decrease and NPL writing-off, the bank remained profitable in 2012 by having recorded UAH 3 million net income.

Solid capital and improvement of liquidity position reflected in capital adequacy indices of 16.27% of Tier 1 and 18.27% of total capital as well as in improvement of loan/deposit ratio up to 139.4% as of 31 December 2012 (-24,7 percentage points in year comparison). Solid capital supports further significant growth of the Bank business.

«We have already been making money on new loans, simultaneously cleaning portfolios and supporting high level of reserves. Traditionally corporate business crediting and transactional services were the most profitable. We credit big companies of agricultural business both solely and as consortium participants, understanding that agriculture is one of key sectors of development for us. With respect to the fast development of IT and services sector and their need of financing, we are ready to propose our experience to support their development», - said Borys Tymonkin, CEO of PJSC “Ukrsotsbank”, UniCredit Bank™.

In 2012 PJSC “Ukrsotsbank” proceeded with its selective crediting policy, chiefly focusing on corporate and auto crediting. The bank worked actively to decrease bad debts; also it supported comfortable liquidity position and solid capital base.

Thanks to Bank’s focus on main activity and active presence at the market with its wide network of 378 branches, supplemented by 1,156 ATMs (9,115 in united partnership network), the Bank managed to turn credibility and loyalty of its clients toward banking business development.

«Retail business – is a vital part of banking activity. We are leaders in auto lending; we continue to provide mortgages and selective consumer’s crediting programs; we are also one of few banks that offer innovative, clear products for SME. Retail business actively widens payment cards in accordance with strategic aim of the state concerning the decrease of cash payments size in Ukraine. The development of alternative channels for banking products sale, increase of their functionality and security level is one of key priorities for Retail Business of the Bank», - said Lyubomir Punchev, Director of Retail Business of PJSC “Ukrsotsbank”, UniCredit Bank™.

2012 main achievements

In 2012 PJSC “Ukrsotsbank” focused on improvement of balance structure, assets quality, perfection of risk management, simplification of business processes and cost management. Enjoying the benefits of a large client base and efficient business model, the Bank concentrated on existing possibilities of cross sales, transactional services and crediting large international and Ukrainian companies.

PJSC “Ukrsotsbank” in 2012 became a national sponsor of an outstanding European sports and cultural event – UEFA EURO 2012™ championship. Commercial activity, connected with UEFA EURO 2012™, added almost UAH 9 million to Bank’s commission income.

Optimization of branch network, which was held in the frames of further transferring clients’ operations to alternative channels, should also be noted among achievements.

PJSC “Ukrsotsbank” is a traditional active participant of individuals’ and micro and small business representatives’ crediting market. During the year 9,380 new loans, amounting to UAH 1,485 million (UAH 1,007 million of which are loans to individuals, UAH 478 million - micro and small business representatives’ loans), were issued. Retail portfolio amounted to 61% of Bank’s total loan portfolio. Besides this the Bank has been holding leading positions in auto lending during two years.

In reported year more than 254 thousand individuals’ deposits and more than 15 thousand deposits of micro and small business representatives were opened, which is 64% more than in 2011.

Georgi Zamanov, Director of Corporate Business Center of PJSC “Ukrsotsbank”, UniCredit Bank™: «PJSC “Ukrsotsbank” remains an acknowledged player in the segment of large Ukrainian and international clients. Together with lending the Bank offered a large quantity of non-credit products, such as cash flows management and electronic banking, factoring services. The Bank was recognized by the authoritative edition Euromoney as the best bank in the nomination Best Cash Management Bank in Ukraine. During two years the Bank has been recognized as №1 in rendering factoring services in Ukraine and as a leader in rendering services of structured financing».

In 2012 PJSC “Ukrsotsbank” increased capital for USD150 million by improving Bank capitalization and strengthening the base for development of main activity.

Main strategic tasks for 2013

Despite slow economy recovery in 2013 PJSC “Ukrsotsbank” intends to move forward and fulfill strategic tasks of the Bank. The Bank will focus on the following strategic initiatives:

  • Improvement of assets and services quality;
  • Increase of clients’ satisfaction;
  • Cost management;
  • Weighed risk management.

PJSC “Ukrsotsbank”, which is a part of international group, will make use of its competitive advantages in attracting and servicing international clients working in Ukraine. A unique position at the factoring services market will be the ground for Bank’s business extension and development of relationships with our clients.

Closer cooperation between Retail and Corporate businesses will strengthen Bank’s reputation as a client-oriented, which will enable satisfaction of all clients’ needs in banking products within one point of sale.

A special attention will be drawn to attraction of deposits in national currency, which is an important term for crediting extension in 2013.

Transnational business will have the advantages of services scale and increase of efficiency due to a modern processing center. An innovative banking model, modern products and new philosophy of clients’ servicing will help the Bank to enter Top-three leaders among Ukraine’s commercial banks up to 2015.

At the time when the branches remain chief players in attracting clients and selling complicated products, alternative sales channels become more valuable and the Bank will strengthen its proposition via alternative channels thanks to implementation of multi-functional Internet banking, using development of self-servicing zones and development of Call-center functionality towards products selling and clients’ support.

By improving efficiency, cost management and processes centralization, the Bank will continue developing in this direction, aiming to become the Bank easy to deal with.

The Supervisory Board was reelected at the general Shareholders’ Meeting. Namely, Juergen Kullnigg was elected instead of Massimiliano Fossati to the composition of the Supervisory Board.

Shareholders of PJSC “Ukrsotsbank” demonstrate an absolute confidence in solidity and further development of the Bank.



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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