DAVOS, Jan 30 – Ukraine’s Alfa-Bank and Ukrsotsbank, owned by ABH Holdings SA, will be merged into one bank operating under the same brand, CEO of Alfa Group in Ukraine and general manager of Ukraine's Alfa-Bank Ivan Svitek said.

"The merger will be at the legal level. It will happen within a year or a year and a half. There will be one brand," he told Interfax-Ukraine on the sidelines of the Ukrainian Breakfast organized by the Victor Pinchuk Foundation in Davos last week.

Svitek said Alfa-Bank will be the base for the merger.