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Ivan Svitek was appointed Chairman of the Management Board of Ukrsotsbank

01.02.2018

On February 1, 2018, Ivan Svitek was appointed to the post of Chairman of the Management Board by the decision of the Supervisory Board of Ukrsotsbank. Prior to his appointment, Ivan Svitek served as member of the board and General Manager of Alfa-Bank Ukraine, which, like Ukrsotsbank, is part of the international private banking group ABH Holdings S.A.

Taking up a new post of Ukrsotsbank Management Board Chairman, Ivan Svitek will retain the function of strategic management of ABH Holdings S.A. banking assets in Ukraine, which he carried out since April 2017. Ivan Svitek will continue to be responsible for creating and implementing the strategy of development and financial growth of Alfa-Bank Ukraine and Ukrsotsbank, strengthening corporate culture, introducing innovations and implementing integration of the two banks.

Rostyslav Matiash, who chaired the Management Board of Ukrsotsbank during a transitional period - until January 31, 2018 inclusive, resumes his duties as a board member of Ukrsotsbank.

"We are glad that Ivan Svitek will lead the Management Board of Ukrsotsbank and thus strengthen the bank`s position. I am confident that this decision will be another confirmation for customers, partners and the entire banking market of the serious intentions of the parent group in terms of developing the unique experience and competencies of Ukrsotsbank and its team. Furthermore, over the year of work in Ukraine, Ivan Svitek successfully led Alfa-Bank Ukraine to profitable performance, and now, considering the bank`s important integration processes, his expertise is in greater demand at Ukrsotsbank", noted the Chairman of the Supervisory Board of Ukrsotsbank Roman Shpek.

Ivan Svitek is one of the leading experts in finance and banking, as well as a top-level manager with extensive experience in the EU countries, Eastern Europe, Latin America. In 1991, he served as Advisor to the Minister of Finance of Czechoslovakia, then from 1993 to 1994 – worked for Citibank (Prague, Czech Republic); from 1994 to 1998 – at Pepsi-Cola International in Austria and Czech Republic. From 1998 throughout 2008, he worked in the financial divisions of General Electric Corporation in the Czech Republic, Ireland and Brazil. From 2008 throughout 2015, Ivan Svitek served as Chairman of the Management Board & CEO at Home Credit Bank in Russia, a part of the Home Credit B.V. holding headquartered in Amsterdam, the Netherlands.

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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