Ukrsotsbank

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]

Ukrsotsbank
Native name
"Укрсоцбанк"
FormerlyBank Pekao Ukraine, UniCredit Bank Ukraine – Ukrsotsbank
TypePublic company
IndustryCommercial bank
FoundedLutsk, Ukraine (1997 (1997))
Headquarters
Kyiv
,
Ukraine
Area served
Ukraine
Key people
Tamara Savoshchenko (Executive director)
ProductsRetail, investment and private banking, investment management, public finance
₴ 10.988 billion (2013[1])
Total assets ₴ 43.057 billion (2014[1])
Total equity ₴ 8.668 billion (2014[1])
OwnerАВН Holdings (99.9%)
Number of employees
 4,830 (2015)
Websiteukrsotsbank.com

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] 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]

See also

Other Ukrainian banks created in the Soviet Union

References
  1. 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. "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
  4. https://ukr.lb.ua/economics/2019/10/15/439844_alfabank_ostatochno_kupiv.html
  5. https://ukr.lb.ua/economics/2019/10/15/439844_alfabank_ostatochno_kupiv.html


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