OREANDA-NEWS. UniCredit Bank reduced the portfolio of foreign currency net loans to individuals by 27% - to USD 490 mln in the 1H2015. This was stated by the bank’s CFO Giacomo Volpi.

"Currently the foreign currency loans are one of the biggest risks for banks and customers. We are strongly working on this issue, and the bank has reduced the amount of foreign currency net loans to individuals by 27% - to about USD 490 million in 1H2015. This was achieved thanks to both our work with customers on loan repaying and loans conversion into hryvnia, and to the creation of provision" - said Giacomo Volpi.

He also noted that the total customers’ net loan portfolio in the past six months has decreased by 7.2% - down to UAH 30.15 billion: legal entities portfolio decreased by 8.4% while individuals portfolio by 5.8%.

"In addition, in 1H we have concluded the $ 500 mln increase of capital earlier announced and we’ve directed UAH 6.4 billion to loans provisions. In such way, we have formed a “safety cushion" that allows us to minimize the impact of external factors on the stability of the bank,"- said Mr. Volpi.

 

UniCredit Bank – is one of the largest multifunctional banks of Ukraine, offering its clients a full range of actual services in both individuals’ and corporate clients’ segment.

The renovated UniCredit Bank was created in December 2013 through integration of two Ukrainian assets of UniCredit Group, which has been operating on the local market since 1997. The integrated bank combined power, solidity and wide coverage of PJSC “Ukrsotsbank” and European experience, quality of servicing and flexibility of PJSC “UniCredit Bank”.

The widespread network of UniCredit Bank consists of 287 branches. Bank staff consists of the best specialists at the country’s market and totals 6 101 employees.

UniCredit is a leading European commercial bank with an international network spanning 50 markets, with more than 7,500 branches and over 129,000 employees. The Group operates in 17 European countries.