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UniCredit Bank canceled the commission for private customers for the purchase of currency on interbank FX market to repay loans

23.09.2014

Due to unstable situation on the currency market of Ukraine UniCredit Bank offers customers to purchase foreign currency at the interbank currency market of Ukraine to execute credit payments. In addition, the bank canceled the fee for private customers for purchasing foreign currency at the interbank FX market to fulfill credit obligations.

In order to carry out this operation the client should contact the manager of UniCredit Bank branch and submit the original credit agreement. To purchase foreign currency at the interbank FX market the client must have current accounts in local currency and in currency of a loan.

It should be noted that the procedure of foreign currency purchase is held not earlier than the third trading day from the date of enrollment in UAH equivalent. It is better to bring funds in advance to purchase foreign currency to repay the loan, and namely in 3 working days before the date of maturity. Also, the customer must pay a fee for mandatory state pension insurance in the amount of 0.5% of the transaction amount.

The currency should be entirety used to repay the loans. It is forbidden to use foreign currency purchased at the interbank FX market for another purpose. If no loan repayment is executed in 10 days, foreign currency bought at the interbank FX market will be subject to 100% compulsory sale at interbank currency market of Ukraine.

 

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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