In May 2023, PRAVEX BANK, which is part of the banking Group Intesa Sanpaolo, joined the UN Global Compact. The Bank undertook to adhere to the thirteen principles of the UN Global Compact in four areas: protection of human rights, labor relations, environmental protection, and the fight against corruption.
PRAVEX BANK has been operating in the Ukrainian market since 1992. In June 2008, Intesa Sanpaolo, one of the leading banking Group in the Eurozone, leader in Italy in all business areas (retail, corporate, and wealth management), acquired 100% of the Bank's shares. Having joined the GCNI Foundation in 2007, Intesa Sanpaolo is a member of the Italian network of the UN Global Compact.
Using its own successful experience and best practices of Intesa Sanpaolo Group banks, PRAVEX BANK offers retail, corporate and institutional clients a wide range of standard and innovative comprehensive banking services.
Reliability and stability, support from a powerful European Group and high standards of customer service enable PRAVEX BANK to confidently look to the future. The management of the bank, relying on the high professionalism of the employees and the comprehensive support of the Intesa Sanpaolo Group, sets ambitious goals and actively implements large-scale development plans.
"By joining the UN Global Compact network in Ukraine, PRAVEX BANK demonstrates its desire to work for the benefit of stakeholders, society and future generations. We are sure that achieving the Sustainable Development Goals of the United Nations is possible only in cooperation and partnership, so we must join forces to demonstrate commitment to responsible and sustainable business practices by our example," said Semion Babaev, Deputy Chairman of the Management Board, Head of Retail Division of PRAVEX BANK.
Working on the implementation of ESG criteria in its activities, PRAVEX BANK aims to make the UN Global Compact and its principles part of the Bank's strategy, culture, and daily activities, as well as participate in joint projects that contribute to the implementation of the Sustainable Development Goals of UN.