OREANDA-NEWS. On 22 April 2008 was announced, that Ukrsotsbank Chairman, Borys Tymonkin in an interview to the Ukrainian journalists observed the increase in the cost of credit resources.

Borys Tymonkin: "We are actively increasing loan portfolio of individuals, as well as of legal entities. We note that business-appetites of clients are growing. But we must speak frankly that there is a serious lack of resources in the market. In one way or another, credit conditions for clients will be tightening, since banks will restrain demand for loans. We were the latest who increased interest rates by 1%. Abolished the benefits for clients, for good and verified borrowers. I predict that in the foreseeable future we will observe another stage of resources rising prise. "
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 508 offices – 481 off-balance offices and 27 regional branches. The number of employees exceeds 10 000.
Financial summary, as of 1 April, 2008:
net assets amounted to UAH 34.072 billion
loan portfolio – UAH 27.645 billion
the funds of legal entities deposited on thrift and current accounts make UAH 7.178 billion.
the funds of individuals reached UAH 7.967 billion.
the Bank capital amounted to UAH 3.324 billion.
net profit -UAH 130 million

On 23rd of January 2008, UniCredit Group finalized the acquisition of 94,2% total shareholders capital of Ukrsotsbank from the group of investors that were represented by international consulting company EastOne (shareholders’ saler) through Bank Austria Creditanstalt AG (BA-CA), which is responsible for commercial banking activity in CEE.