About Us
The Joint-Stock Commercial Bank for Social Development Ukrsotsbank at present is one of the largest system banks in Ukraine, its net assets make UAH 31.711 billion as of February 1, 2008. During 17 years of its history, the Bank has gained the authority as a reliable and stable financial institution that has been developing actively and responding effectively to the market changes.
Ukrsotsbank has all necessary licenses to perform financial activity, in particular:
- The license of the National Bank of Ukraine dated 29.12.01 ¹ 5 and the license of the National Bank of Ukraine dated 29.07.03 ¹ 5—2 to carry out operations the duration of which is not restricted;
- The License of State Commission on Securities and Stock Market dated 12.10.04 AB ¹ 113003 to carry out the professional activity in the securities market: activity on the issuance and circulation of securities, depository activity of the custodian of securities; activity on maintenance of the register of owners register securities with a validity till12.10.07.
The internal structure of the Bank favours the realization of the client-directed approach to provision of bank services. Nowadays JSCB Ukrsotsbank successfully operates in three principal and a number of specialized sectors:
Principal sectors
- Retail business — the Bank provides a full range of bank services to all the groups of individuals as well as to small and medium-sized enterprises. The Bank’s management defined the course towards a systematic installation of innovative technologies into the Bank’s services together with the quality improvement of the services and traditionally provided products. The given course contributes to a steady increase of the clients’ number and rise of the clients’ confidence in the Bank.
- Corporate business — the Bank gained confidence from the leading Ukrainian corporations and organizations due to its ability of corresponding to the highest standards of corporate service, particularly in provision of structured finance services. Thousands of Ukrainian companies — leaders of the internal market — occupy their top positions in many aspects due to beneficial collaboration and reliable partnership with JSCB Ukrsotsbank.
- Finance-institutional business — JSCB Ukrsotsbank is also a significant player in the security market, providing its services to other commercial banks and companies, which issue corporate bonds and other finance tools. Possessing its own investment funds and rich client database, Ukrsotsbank creates conditions for creating and securing the liquidity of the secondary bond market.
Specialized sectors
- Realization of the Investment-and-Construction program — according to its principles, Ukrsotsbank ensures financing of building companies’ activities, which either lack liquid securities for getting a loan or intend to diversify risks, as well as provides developing support. The specialized investment-construction AMC Ukrsots-Realty was established for the program’s fulfilment. Its mission is to draw loan facilities for realization of commercial and socially important projects in the construction industry. In the framework of the program, the Ukrsotsbud company also functions providing control over the quality and terms of construction works as well as the Construction Financing Division operates within the Bank’s structure.
- Assets management, finance consulting, administration of Non-governmental Pension Funds (NPF) — in 2004 the Asset Management Company Ukrsots-Capital was established to operate in the mentioned sectors. Nowadays the company administers six NPFs, manages assets of another four NPFs as well as two unit funds. The Ukrsots-Capital activity includes over 9 thousand participants throughout Ukraine.
The following figures can prove a leading position of JSCB Ukrsotsbank in the Ukrainian bank sector:
- According to the Institute of Adam Smith survey, Ukrsotsbank became the winner of The Best Bank of the year 2007 nomination
- Ukrsotsbank was acknowledged as the best consumer bank in Ukraine in 2006
- The ATM network of Ukrsotsbank and its partner banks is the largest in Ukraine
- In Q1 2007 Ukrsotsbank was in TOP-3 of the banks most active in private crediting
- Ukrsotsbank is in the leading TOP-5 as to the salary bank cards’ issuance
- Ukrsotsbank’s stocks were leaders among securities in 2006
- By the end of 2006 Ukrsotsbank obtained the third position among the leaders of the underwriting market
- Ukrsotsbank’s service network comprises almost 500 operation offices throughout Ukraine
- Ukrsotsbank’s personnel includes over 10,000 staff members
Ukrsotsbank is an active participant of the following organizations:
- Association First Securities Trading System
- Association “Ukrswift”
- Association of Tax Payers
- Association of Ukrainian Banks
- CB Creditimpex Bank
- CJSC “Stock Exchange “INNEX”
- CJSC “Ukrainian Interbank Currency Exchange”
- CJSC “Ukrainian Stock Exchange”
- CJSC “Cremian Stock Exchange”
- European Business Association
- Factors Chain International
- Individuals Deposit Insurance Fund
- JSC “Interregional Stock Union”
- JSC Ukrainian Depositary
- Kyiv Bank Union
- Professional Association of Registrars and Depositaries
- Representative office of American Chamber of Commerce in Ukraine
- The Chamber of Construction of Ukraine
- Ukrainian Bankers Club
- Ukrainian Interbank Payment Systems Member Association “EMA”
- Ukrainian National Mortgage Association
- United Nations Global Compact
- Visa International Service Association
- Visa International Service Association CEMEA
- Western Union
As of April 1, 2008:
- Net assets - UAH 34.072 billion
- Loan portfolio - UAH 27.645 billion
- Funds of legal entities deposited in the Bank’s thrift and current accounts - UAH 7.178 billion
- Funds of individuals deposited in the Bank’s thrift and current accounts - UAH 7.967 billion
- Capital - UAH 3.324 billion
- Net profit as of January 2008 - UAH 130 million
To learn more about Ukrsotsbank’s financial performance, read our “Financial reports”.