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UniCredit recongized as best trade finance provider in CEE

14.01.2015

UniCredit was named best trade finance provider in Central and Eastern Europe according to the 2015 Euromoney Trade Finance Survey research.

“We are very proud to be rated best trade finance provider in Central and Eastern Europe and in ten of our core markets in the region. UniCredit is the ideal partner for international corporates in CEE, where we have an extensive network, as we provide a full range of traditional trade finance products, such as letters of credit and guarantees, as well as sophisticated supply chain finance offerings which can be customised to the requirements of each customer. Trade finance is important to our international clients with operations in CEE as well as for domestic clients”,- UniCredit head of CEE corporate & investment banking Gianfranco Bisagni said.

Besides UniCredit became leader in the trade finance product categories for guarantees and open account payments.

The the Euromoney Trade Finance Survey, which is based on feedback from over 2,000 international corporates, allows clients to nominate their top three trade finance providers by region, which is also used to produce country rankings, and by product area.

 

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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