Ukrsotsbank : "Expert-Rating" agency affirmed the national scale long term credit rating of Ukrsotsbank at "uaAAА"

On October 3, 2018, rating agency 'Expert-Rating' affirmed the national scale long term credit ratings of JSC 'UKRSOTSBANK' at 'uaAAА'. Bank or separate bond instrument with rating uaAAA is characterized by the highest solvency compared to other Ukrainian borrowers or bond instruments.

The decision on the rating confirmation was made based on the results of the Bank's activity for the second quarter of 2018, as well as on the conclusions drawn from the analysis of financial and statistical statements of the Bank for January-August of 2018. Rating agency 'Expert-Rating' emphasized that during the period under review the Bank fulfilled its commitments to customers and creditors, had an adequate capitalization, as well as increased the net interest income.

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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