PJSC “Ukrsotsbank” (Ukraine) Elected New Chairman of the Supervisory BoardOn the Supervisory Board meeting on February 14, 2017, Rushan Khvesiuk was elected the Chairman of the Supervisory Board of PJSC "Ukrsotsbank" (Ukraine).
At the same time, Ivan Svitek was appointed General Manager at Alfa-Bank (Ukraine), replacing Rushan Khvesyuk who had served as Chief Executive Officer at Alfa-Bank (Ukraine) since 2013.
ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), Ukrsotsbank (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.
Ukrsotsbank (Ukraine) is one of the largest universal banks in Ukraine, operating in the local market since 1990. The bank offers a wide range of banking and financial services to individuals and corporate clients. Ukrsotsbank (Ukraine) became a part of ABHH in October 31, 2016, after the transfer of 99.9% of Ukrsotsbank JSC shares from UniCredit Group to ABHН in exchange for a minority 9.9% stake in ABHH.