Ukrsotsbank PAT : The longest factoring contract in UniCredit is 12 years old

According to official estimates the longest factoring cooperation in UniCredit Bank has been ongoing for already 12 years and the average duration of factoring contracts in UniCredit Bank's current portfolio is 4 years. At the same time 37% of customers have been using bank's factoring services for 5-10 years, another 10% have been working with bank for more than 10 years.

Back in 2001, UniCredit Bank was among the first on the Ukrainian market to offer its clients factoring as a solution for trade finance, and in 2004 factoring was introduced as a mass product. Today, within factoring services the bank offers trading operations in Ukraine and the export-import operations:

• receivable management;
• receivable accounting;
• deferred payment financing;
• credit risk covering;
• information and analytical support.

'UniCredit Bank was a pioneer in the factoring market of Ukraine and preserves its leading position in this segment. Thanks to effective teamwork, relevant and timely decisions, the majority of customers remain with us for many years, and some - almost from the very beginning of the bank's work with this financial instrument. Most of bank's clients within factoring are manufacturers (food, household chemicals, cosmetics, building materials, etc.) - middle segment of corporate and SMEs. The average annual volume of factoring transactions in recent years is in the range of UAH 1 billion,' - said Natalya Tykhovska, head of factoring and promissory notes department at UniCredit Bank.

UniCredit Bank actively cooperates with many Ukrainian companies, both suppliers and debtors. On January 1, 2016, with a merger of FCI* and IFG, two largest international factoring associations, UniCredit Bank as a member of FCI has got access to cooperation with 400 financial institutions (banks and factoring companies) in 90 countries.

* Reference. FCI - one of the largest factoring associations in the world, through which 90% of global volume of international factoring amounting 2.3 trillion euros was carried out in 2015.

NOTE

UniCredit Bank is one of the largest universal banks in Ukraine, offering a full range of top quality financial services for individuals and corporate clients.

The renovated UniCredit Bank was created in December 2013 through integration of two Ukrainian assets of UniCredit Group, which had been operating in the local market since 1997. The integrated bank combined power, solidity and wide coverage of PJSC 'Ukrsotsbank' with the European expertise, quality of service and flexibility of PJSC 'UniCredit Bank'.

The extensive retail network of UniCredit Bank consists of 243 branches nationwide, its headcount reaching over 5,500 employees, all of them top qualified specialists.

UniCredit is a leading European commercial bank with an international network spanning over 50 markets and 17 countries, with more than 8,400 branches and over 146,000 employees.

Financial indicators of UniCredit Bank as of 01.10.2015:

• assets - UAH 43.080 billion;
• credit portfolio - UAH 28.99 billion;
• funds of corporate clients - UAH 14.56 billion;
• funds of retail clients - UAH 14.3 billion;
• capital - UAH 8.22 billion.

Contacts:

Iryna Kobylchenko - Head of Corporate Identity and Communications Department of UniCredit Bank

By phone: [phone]

Oleksandr Shevchenko - Head of External Communications

By phone: [phone]

Press-service UniCredit Bank

Phone: [phone]