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UniCredit Bank Returns to the Historic Name - Ukrsotsbank

December 01, 2016. TAG: Financial Services

PJSC "Ukrsotsbank”, which has been working in Ukraine under the brand of “UniCredit Bank” since 2013, announces rebranding and returns to its historic name – Ukrsotsbank. On December 1, 2016 the bank presents its logo: a well-known illustration of the bank’s name.

According to the agreement between ABH Holdings S.A. and UniCredit Group, the bank will change its brand, signboards of retail branches and advertising materials within 3 months from the date of the agreement on assets exchange (signed on October 31, 2016).

The rebranding won’t affect terms of customer service. Bank details, information for payments and licenses remain unchanged.

“The transition to the historic name is an absolutely natural and logical step. Ukrsotsbank has been operating in the market for more than a quarter of century, ever being a trendsetter. We had introduced new products and set standards of customer service, that were widely used by our market colleagues. Trusting Ukrsotsbank, customers can be sure that they trust a reliable financial institution with a great experience, a team of professionals and service quality of a truly European bank. – Chairman of the management board of Ukrsotsbank Tamara Savoshchenko noted. – At the same time, we are changing. We have got a new shareholder, we have become stronger and ready to meet challenges of the new times. The refreshed logo is a well-recognized face of a renewed bank, unchanged in its reliability and traditions, but standing ready for dynamic changes in order to offer more to its customers.”

In October UniCredit and ABH Holdings S.A. closed the agreement on assets exchange. Within the agreement 99.9% of Ukrsotsbank shares were transferred to ABHH in exchange for 9.9% of shares of the holding.

PJSC “Ukrsotsbank” (Ukraine)

ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), PJSC “Ukrsotsbank” (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.

PJSC “Ukrsotsbank” (Ukraine) is one of the largest universal banks in Ukraine, operating in the local market since 1990. The bank offers a wide range of banking and financial services to individuals and corporate clients. The renovated PJSC “Ukrsotsbank” (Ukraine) emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of PJSC “Ukrsotsbank” (Ukraine) shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH.