News in June 2007

June 27

By the end of 2007 Ukrsotsbank to attract over UAH 1 billion from external market

Valentyna Zhukovska, the First Deputy Chairwoman of Ukrsotsbank’s Board, considers that the country’s corporate business elite is introducing standards of corporate governance

In Q3 2007 Ukrsotsbank to expand the range of products for small and medium enterprises

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, elected as Deputy Chairman of the Board of the Association of Ukrainian Banks

June 26

Since the beginning of its operational activity on the individual crediting market Ukrsotsbank’s loan portfolio for individuals multiplied by 500 times

By the end of 2007 Ukrsotsbank to increase its loan portfolio by UAH 5.5—6 billion thus reaching UAH 22.5—23 billion

June 25

As of June 1, 2007 Ukrsotsbank gave 40,000 mortgage loans to private clients

Ukrsotsbank’s loan portfolio exceeded UAH 17 billion

Ukrsotsbank’s loan portfolio for individuals exceeded UAH 10 billion

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers the business activity decline of Ukrainian business not to happen this summer

June 22

By the end of Q1 2007 Ukrsotsbank was in TOP-3 of the PARD association’s registrar rating

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, predicts annual doubling for growth of the retail bank services market in four to five years

Valentyna Zhukovska, the First Deputy Chairwoman of Ukrsotsbank’s Board, considers that undervaluation of Ukrainian companies is one of the main obstacles for expansion of their financing

From the beginning of the year Ukrsotsbank increased its net assets almost by 28%

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers the NBU’s decree obliging banks to reveal the real loan cost to be the right and timely step

June 21

The assets management company “Ukrsots-Realty” to increase its authorized fund up to UAH 6.5 million

Valentyna Zhukovska, the First Deputy Chairwoman of Ukrsotsbank’s Board, emphasizes the dynamic growth of the number of reliable and quick developing borrowers

In January-May the amount of deliveries with Ukrsotsbank’s internal factoring support exceeded UAH 1 billion

June 20

Ukrsotsbank offers for lease over 5,500 individual safes

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers banks to cope well with high growth rates of the bank retail services market

The assets management company “Ukrsots-Realty” to attract over UAH 200 million for management by the end of June

June 18

Issuance of Ukrsotsbank’s cards exceeded 2.3 million pieces

In January-May 2007 Ukrsotsbank preserved and according to some key parameters improved its positions in the rating of Ukraine’s best banks

Ihor Yushko, the Chairman of Ukrsotsbank’s Supervisory Board, considers that forecasts on growth rate of Ukraine’s financial market and banks balance is of the top priority for those investing in Ukrainian banks

The amount of individuals’ funds on Ukrsotsbank’s current accounts exceeded UAH 1.5 billion

In January-May 2007 Ukrsotsbank’s net profit constituted UAH 118 million

June 15

Ukrsotsbank was awarded with a diploma as the most client-friendly bank, according to the research made by the GfK Ukraine Company on the behalf of the “Korrespondent” magazine

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers Ukrainian economy to be independent enough from the political system

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers assets management services to become the most demanded in the nearest 2—3 years

In 2007 Ukrsotsbank sold bonds of UAH 1 billion worth

June 14

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers decrease of loan interest rates to become possible only after deposit rates are reduced

Ukrsotsbank provides its services to more than 1.5 million of clients

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, participated in chat at Korrespondent.net site

June 13

Ihor Yushko, the Chairman of Ukrsotsbank’s Supervisory Board, considers it possible to earn much bigger money by investing in Ukrainian banks

Valentyna Zhukovska, the First Deputy Chairwoman of Ukrsotsbank’s Board, considers that present rates of consumer crediting by Ukrainian banks does not threaten the country’s economy

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers the concentration process by bankruptcies and acquisitions in the bank sphere to be unlikely

From the beginning of 2007 Ukrsotsbank increased its loan portfolio for individuals by 36.5%

June 12

Ukrsotsbank fulfills the loyalty program for corporate VIP-clients

Ukrsotsbank launched a new credit product for small and medium enterprises – discount credits with mortgage establishment

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, predicts some ten foreign players to appear in the Ukrainian bank system

June 7

Ukrsotsbank increases dynamically the number of investment credits given to corporate clients

June 6

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, greeted Ukrainian media workers with the Journalist’s Day

Valentyna Zhukovska, the First Deputy Chairwoman of Ukrsotsbank’s Board, considers that Ukrainian business has adapted itself to the uncomfortable political situation

Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers big money made by banks’ former owners to be the most considerable success connected with foreign capital entering the Ukrainian bank market

Ukrsotsbank summarized its output for January-May 2007

June 4

On June 4 Ukrsotsbank to start the first stage of subscription to additional issue of stock