OREANDA-NEWS. July 06, 2012. Alfa-Bank (Ukraine) will acquire the retail loan portfolio of Societe Generale Group (represented in Ukraine by LLC ProstoFinance and PJSC PROFINBANK). The total amount of the portfolio being purchased is more than UAH 700 million, reported the press-centre of Alfa-Bank.  

Societe Generale Group has decided to sell the entire retail loan portfolio of both companies. The portfolio to be acquired contains 90% of car loans.

“We have carried out a thorough analysis of existing market offers. It is safe to say that Alfa-Bank is acquiring high-quality assets at a reasonable price,” said Alexander Lukanov, President, CEO of Alfa-Bank (Ukraine). “As a result of the transactions, the Bank will end the first six months of the year with a more than UAH 1 billion increase in retail loan portfolio.”

Customers of LLC ProstoFinance and PJSC PROFINBANK whose loans are in these portfolios will receive written notification from Alfa-Bank. Customers can get all necessary information in the Bank’s contact center, dialing at: 0800 50 13 75.