KIEV, Sept. 5 – UniCredit Bank on September 3 received a permit from the National Bank of Ukraine to reorganize via merger with Ukrsotsbank (part of the UniCredit Group).

According to an official report of UniCredit Bank, the commission for reorganization created in line with a decision of August 5, 2013 of the only shareholder in UniCredit Bank – Italy's UniCredit SpA – has started operating.

The report says that the commission is headed by UniCredit Bank Board Chairman Federico Russo, while Ukrsotsbank Board Chairman Graziano Cameli was appointed deputy head of the commission.