Ukrsotsbank : launches a new service for electronic documents interchange within factoring services

Ukrsotsbank implemented new 'E-factoring' service for clients who are about to start using factoring financing or are already into it. The new service simplifies factoring services for companies that use electronic data interchange (EDI) systems.

'E-factoring' allows customers to provide the bank with documents required for factoring financing, simply by uploading them to their profiles in the Internet banking system and signing with an electronic digital signature (EDS).

All documents with the EDS are legally valid and extra encrypted so that to ensure maximum safety of interchange.

'We keep abreast of new market tendencies and change our procedures to meet our clients' expectations. Now a lot of them use EDI systems in their companies, that is why we launched 'E-factoring' to make our service more convenient. With a new option our customers can quickly and easily provide the bank with required documents, save their time and money,' head of factoring and promissory notes division at Ukrsotsbank Natalia Tykhovska said.

To read more about 'E-factoring' service please follow the link.

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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Oleksandr Shevchenko - Acting Head of Identity and Communications Department

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