Ukrsotsbank

Ukrsotsbank

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

Ukrsotsbank (in 2013–2016 known as UniCredit Bank – Ukrsotsbank) was a Ukrainian bank. It was a subsidiary of Alfa Group via a Luxembourg incorporated company АВН Holdings.^[2]^[3] In October 2019 Ukrsotsbank was fully merged with Alfa-Bank (Ukraine).^[4]

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.^{[citation needed]}

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.^{[citation needed]}

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]

In October 2019 Ukrsotsbank was fully merged with Alfa-Bank (Ukraine), who became the "full successor of all rights and obligations of Ukrsotsbank with respect to its clients, partners and counterparties."^[5] In September 2019 Ukrsotsbank shareholders had approved this merger with Alfa-Bank.^[6]

Gallery

Office in Luhansk, 2005
Office in Lviv, 2008
Office in Kremenchuk, 2011

References

^ ^a ^b ^c 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
^ ^a ^b "UniCredit: Binding Agreement Reached to sell Ukrsotsbank to Alfa Group's ABH Holdings". UniCredit. 11 January 2016. Retrieved 21 December 2016.
^ UniCredit Bank is returning to its historical name – Ukrsotsbank (UniCredit Bank повертається до історичної назви – Укрсоцбанк). Ukrsotsbank. 1 December 2016
^ ""Альфа-Банк" остаточно купив "Укрсоцбанк"".
^ ""Альфа-Банк" остаточно купив "Укрсоцбанк"".
^ "Shareholders of "Ukrsotsbank" approved the merger with "Alfa-Bank" (updated)". Censor.net [uk] (in Ukrainian). 2019-11-09. Retrieved 2023-07-21.