In 2007 Ukrsotsbank has been issuing some 3,500 bank cards of international payment systems

As by the Bank’s press-service.

The number of bank cards issued by Ukrsotsbank has exceeded 2 million pieces.

From the beginning of the year their number has increased by more than 180,000 pieces. An average daily issuance of Ukrsotsbank’s bank cards constitutes 3,500 pieces, while on some occasions it exceeds 5,000 pieces level.

In Ukrsotsbank a client can get a card that suits his needs best. A card may be a personal one as well as corporate, salary, or pension one – for transferring corresponding pays, a deposit one – for saving free funds on it, a credit one – for using credit resources provided by the Bank.

Ukrsotsbank’s bank cards can be issued for a child. It can be even presented as a gift with a certain amount of money on it. 

“At present Ukrsotsbank provides a full range of competitive card products thus being among the leaders on the bank cards market in Ukraine. “Kredytka” and “Koshyk” are the most highly demanded card products with their possibility of arranging credit lines as large as six monthly incomes. The “Oshchadnyi” (“Saving”) card account is very popular as well due to the interest added to the funds on the current account. It constitutes annual 9% in hryvnya, 5.5% in US dollars, 4.5% in euros”, — as Oleksandr Sotnyk, the Deputy Head of the Bank Cards Department of JSCB “Ukrsotsbank”, remarks.

According to “Koshyk” conditions, a client can get a credit line as large as 50% of his average monthly income (last three months’ calculation) for payments in trading networks. At that, he can use the borrowed funds at purely symbolic annual interest of 0.1%. While buying goods by means of the card the sum of money is withdrawn from the card account, the whole debt being repaid and the credit line resumed as soon as the next salary funds are added to the account.

The second product is the “Kredytka” card that enables its holder to get a credit limit as large as six average monthly pays. The main advantage of “Kredytka” lies in the provision of a renewable credit line. Debt repayment for its usage is to be fulfilled in parts – monthly 5% of the debt sum for a certain period and interest added. However, during that very month (i.e. right after the 5% debt is repaid) the client will regain the possibility to use the whole sum of the credit limit.

The third product JSCB “Ukrsotsbank” offers to its clients is the “Oshchadnyi” account opened with a simplified procedure. The new deposit allows replenishment or withdrawal from the deposit account without any interest loss, via ATMs too.

It is exceptionally convenient to use ‘Ukrsotsbank” new products in complex. A client can spend money from “Koshyk” at 0.1% annualy and accumulate his free funds in “Oshchadnyi” at 9% per annum. Considerable purchases can be made with the help of “Kredytka” being obliged to repay just 5% of the debt, or by means of the funds accumulated in the “Oshchadnyi” account.

Note. JSCB “Ukrsotsbank” was established in September 1990. At present, it is among the largest banks in Ukraine. The branch network of the Bank comprises 482 offices – 450 off-balance offices, 5 balance offices and 27 regional branches. The number of employees exceeds 10 500.

Financial summary, as of March 1, 2007:

• Net assets — UAH 19.834 billion
• Loan portfolio — UAH 13.334 billion
• Funds of legal entities deposited in the Bank’s thrift and current accounts — UAH 5.655 billion
• Funds of individuals deposited in the Bank’s thrift and current accounts – UAH 5.379 billion
• Capital – UAH 1.961 billion
• A current financial result – UAH 34 million

As of March 1, 2007, in terms of net assets Ukrsotsbank’s share made 5.6% that corresponds to the fourth position in the rating of Ukrainian banks. On the market of loans for individuals Ukrsotsbank’s share made 9.1% (the fourth position in TOP-10).

By the end of January and February of 2007 Ukrsotsbank preserved its positions as to individuals’ funds and capital – the fifth and fourth positions respectively.

In February 2006, Italy-based Banca Intesa, one of the leading European banks, concluded the agreement on acquisition of 85.42 percent of Ukrsotsbank’s stock for USD 1.16 billion – a record-high price ever registered in Ukraine’s banking system. In September 2006, Banca Intesa announced that the deal presumed acquisition of 88.55 percent of Ukrsotsbank’s stock, at that, providing minor shareholders with the option to sell their shares, which would enable the acquirer to hold 100 percent of the Bank’s stock. Thus, 100 percent of Ukrsotsbank’s stock is considered USD 1.4 billion worth as on September 2006.