UkrSibbank Opens a New Private Banking VIP Center in Southern Ukraine

On the 13th of April 2009 UkrSibbank BNP Paribas Group opened a modern new Private Banking VIP Center in the Southern Regional Department (Odessa, Mykolayiv, Kherson regions) located at 5 Lidersovsky blvd., Odessa

The UkrSibbank Private Banking office is the first customized center in Odessa to provide a full array of services for VIP clients. The center has up-to-date equipment and embodies the best world practices in financial services.

Private Banking, which targets high net-worth individuals, offers a new standard in servicing private clients and their families. Private Banking offers a solution to meet a variety of client’s needs. This service has been successfully developed by UkrSibbank since 2003.

UkrSibbank’s partnership with BNP Paribas, the world’s sixth largest banking group, has played an important role in the establishment and development of Private Banking. The Bank’s strategic partner has been present on the Private Banking market for more than 100 years now, and is rated first in France, fourth in Europe and sixth in the world. Since entering the Ukrainian market, BNP Paribas has strengthened and diversified the range of services and products offered to UkrSibbank’s Private Banking clients.

Today UkrSibbank is one of the few banks in Ukraine seeking to adhere to the traditional practice of Private Banking while avoiding the mass servicing of VIP clients. When dealing with high net-worth individuals, UkrSibbank strives to provide professional and high quality service. First of all, VIP servicing implies high speed and quality as well as privacy. Secondly, Private Banking uses a tailor-made approach adapted to every client and his/her family. VIP clients are served by personal managers who are private bankers backed by a team of specialists: tax and investment planning advisors, lawyers etc. Thirdly, extra services are provided which complement the financial side of customer care. These include loyalty partner programs, training for clients’ children, a concierge service etc.

Since 2005, UkrSibbank Private Banking has developed a loyalty (bonus) program for its clients. After three years of operation the bonus program triggered the development of a separate line of business offering non-banking multi-servicing. This exclusive program has been designed to satisfy the individual needs of Private Banking clients and includes a set of discount programs, special conditions and specific offers by the best Ukrainian companies.

Today UkrSibbank has three customized Private Banking centers in Kyiv, Kharkiv and Odessa. Such centers will be opened in Donetsk, Dnepropetrovsk and Lvov soon.

Reference:

JSCIB “UkrSibbank” (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking No. 75 dated December 24, 2001. As of 01.03.2009: net assets – UAH 53.2 bln, capital – UAH 6.5 bln, loan and investment portfolio worth UAH 47.2 bln, corporate customers’ funds – UAH 7.9 bln, individuals’ funds – UAH 7.2 bln. The regional network currently numbers more than 930 branches and outlets throughout Ukraine. 51% of the shares of JSCIB “UkrSibbank” belongs to BNP Paribas Group.

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is sixth-ranking bank in the world according to Standard & Poor's. The group is present in 85 countries, with more than 171,000 employees, including 131,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business activities, the bank's two major domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.