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UniCredit Bank has implemented a restructuring program of foreign currency loans

31.10.2014

In October 2014 UniCredit Bank launched a special program to restructure foreign currency loans.

In accordance with the terms of the program, the bank offers its customers two options of restructuring of the loan in foreign currency. Option A provides reduction of the interest rate, while Option B - conversion of a part of a dollar debt at the rate 7.99. Special conditions are available for individuals and clients of MSE segment.

"We clearly understand that because of current situation in the country, the financial condition of customers has deteriorated significantly. For someone payment of currency loan has become a serious challenge. In this difficult situation we make advancers to clients, treat each situation with understanding and try to find a compromise solution. I am confident that the new restructuring program will help clients to reduce the burden of payments on the loan",- said Lubomir Punchev, Director of Retail Business at UniCredit Bank.

 

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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