Ukrsotsbank

Ukrsotsbank
Native name
 "Укрсоцбанк"
Formerly
 Bank Pekao Ukraine, UniCredit Bank Ukraine – Ukrsotsbank
Public company
Industry Commercial bank
Founded Lutsk, Ukraine (1997 (1997))
Headquarters Kiev, Ukraine
Area served
 Ukraine
Key people
 Tamara Savoshchenko (Executive director)
Products Retail, investment and private banking, investment management, public finance
Increase ₴ 10.988 billion (2013[1])
Total assets Increase ₴ 43.057 billion (2014[1])
Total equity Increase ₴ 8.668 billion (2014[1])
Owner АВН Holdings (99.9%)
Number of employees
 Increase 4,830 (2015)
Website www.ukrsotsbank.com

Ukrsotsbank (in 2013–2016 known as UniCredit Bank – Ukrsotsbank) is a Ukrainian bank. It was a subsidiary of Alfa Group via a Luxembourg incorporated company АВН Holdings.[2][3]

History

Bank Pekao – UniCredit

The bank was founded in 1997 in Lutsk as the branch of Polish company Bank Pekao. In 1999 UniCredito Italiano acquired Bank Pekao and in 2005 HypoVereinsbank became the intermediate parent company of the bank. Since 2006 the bank offices in Ukraine carried the name UniCredit Bank (Ukraine). In 2011 UniCredit acquired a major Ukrainian bank "Ukrsotsbank" that traces its history to the late Soviet Union.

Ukrsotsbank

Ukrsots bank was established in October of 1990 and based on the Ukrainian republican chambers of the Soviet Sotsbank. Ukrsotsbank was registered with the Soviet State Bank.

On 11 January 2016 UniCredit Group sold Ukrsotsbank to ABH Holdings, a subsidiary of Alfa Group. In exchange, UniCredit acquired 9.9% stake of ABH Holdings.[2]

See also

Other Ukrainian banks created in the Soviet Union

References

  1. 1 2 3 Ukrsotsbank increased its revenue over the year by 36.1% (Укрсоцбанк за рік наростив прибуток на 36,1%). Ekonomichna Pravda (Ukrayinska Pravda). 27 January 2014
  2. 1 2 "UniCredit: Binding Agreement Reached to sell Ukrsotsbank to Alfa Group's ABH Holdings". UniCredit. 11 January 2016. Retrieved 21 December 2016.
  3. ↑ UniCredit Bank is returning to its historical name – Ukrsotsbank (UniCredit Bank повертається до історичної назви – Укрсоцбанк). Ukrsotsbank. 1 December 2016
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