OREANDA-NEWS. September 23, 2009. First Deputy Chairman, General Manager of Ukrsotsbank Gianni Franco Papa notes that the transformation of the regional network has led to the Bank profitability, reported the press-centre of Ukrsotsbank.

Ukrsotsbank net profit amounted to UAH 62 million as of the first half of 2009.

Gianni F. Papa: "We have centralised back-offices and business support functions. Our managers can provide the best services directly to customers. We have optimized costs and now we are restructuring the loan portfolio. This gives us the opportunity to work with the profits.

Let us remind you that the project on creation of 7 macroregional centers on the basis of 27 affiliates has been implemented in Ukrsotsbank. Thus, European model of reorganization has been introduced in the bank. This model is based on the best practices of the banks of UniCredit Group parent structure.