OREANDA-NEWS. The Appeal Court overturned the decision of the Chernivtsi region first-instance court and ordered the PJSC "Ukrsotsbank" (UniCredit Bank) to repay a deposit on a false bank deposit contract.

The plaintiff argued that on 23 October, 2014 he entered into a deposit agreement with the bank, having placed UAH 458.5 thousand, and UniCredit Bank supposedly should have returned it in US dollars at the rate of 13.1 UAH/USD. At the same time the bank has no information about such a client. Moreover, there is no even such a product with deposit conversion in UniCredit Bank.

The examination shows that the documents presented by the plaintiff are fake. Despite this, the Appeal Court in Chernivtsi took the side of the plaintiff and ordered to repay the amount indicated in the "contract".

Earlier, UniCredit Bank has appealed to a number of representatives of the government for the protection from judicial tyranny in the region. In addition, at the meeting of UniCredit Group top management with President of Ukraine Petro Poroshenko the bankers stressed that a fair judicial system - one of the key elements for the development of the country and investors attraction. UniCredit Bank asks law enforcement and regulatory authorities to protect the bank from illegal actions on the part of judges of the Appeal Court in Chernivtsi region.

UniCredit group is one of the few European institutions, which even in today's time are investing in Ukraine, having increased UniCredit Bank’s capital by USD 500 million.