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 44.273 billion as of October 1, 2009 (data for the 3Q of 2009). During 19 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 Joint-Stock Commercial Bank for Social Development Ukrsotsbank carries out professional activities in the stock market – activities on sale of securities:
- brokerage activities under the license of State Commission on Securities and Stock Market Series AB #376936, dated 12.10.07;
- dealership activities — Series AB # 376937, dated 12.10.07;
- underwriting — Series AB # 376938, dated 12.10.07
Validity of licenses — till 13.10.2012.
The Joint-Stock Commercial Bank for Social Development Ukrsotsbank carries out professional activities in the stock market — depository activity of the custodian of securities under the License of State Commission on Securities and Stock Market Series AB # 376969, dated 12.10.07. The license valid till 13.10.2012.
Principal sectors
- Retail business — the Bank provides a full range of bank services to all the groups of individuals as well as to Micro and small 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.
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 October 1, 2009:
- Net assets — UAH 44.273 billion
- Loan portfolio — UAH 41.480 billion
- Funds of legal entities deposited in thrift and current accounts — UAH 4.857 billion
- Funds of individuals deposited in thrift and current accounts — UAH 6.724 billion
- Capital — UAH 5.768 billion
- Net profit — UAH 85 million
Data for the 3Q of 2009
To learn more about Ukrsotsbank’s financial performance, read our Financial reports.