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Deposit portfolio of UniCredit Bank grew by almost 5% - to 20.2 billion UAH in III quarter

22.10.2014

According to the results of the third quarter of 2014 UniCredit Bank marks the total inflow of deposits at the level of 4.82% - to UAH 20.2 billion.

The reason of the positive dynamics – Ukrainians have started to choose deposits with an average rate in reliable banks. "Today we are witnessing the changing of trends and moods among clients. A growing number of consumers prefer stable institutions and average market deposit rate- said Sergiy Manokha, First Deputy Chairman of the Board at UniCredit Bank. - We continue to conduct a well-reasoned deposit policy. Our competitive advantage is reliability and membership in European banking holding".

The growth of deposit portfolio of financial institutions is distributed as follows: deposits of legal entities increased by 11.36% or UAH 857 million, an increase of individuals’ funds reached 0.61% or UAH 72.1 million. Significant positive dynamics in the segment of legal entities was occurred by means of increase in deposit portfolio of existing customers and by attracting new large customers.

 

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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