OREANDA-NEWS. March 02, 2010. As of the Bank's press service official release.

Ukrsotsbank rationalizes rating agencies coverage. Ukrsotsbank communicates that upon its request to Moodys Investor Service to withdraw all ratings of the bank, the rating agency has now stopped issuing ratings. Ukrsotsbanks decision was based on the desire to rationalize the rating agencies coverage.

Note
JSCB Ukrsotsbank was established in September 1990. At present, it is among the largest banks in Ukraine. The number of employees is above 9 000.

Financial summary, as of 1 October, 2009:

loan portfolio – UAH 41.480 billion

net assets — UAH 44.273 billion

funds of legal entities deposited on thrift and current accounts — UAH 4.857 bln.

funds of individuals — UAH 6.724 billion

Bank capital — UAH 5.768 billion

net profit — UAH 85 million

On 23rd of January 2008, UniCredit Group finalized the acquisition of 94,2% total shareholders capital of Ukrsotsbank from the group of investors that were represented by international consulting company EastOne (shareholders’ saler) through Bank Austria which is responsible for commercial banking activity in CEE.