“Among the distinctive features of modern business in Ukraine are its dynamics and rapidness. People have less time to make a decision and executing of posed tasks, that can change any minute, demands them to be in several places at the same time. The deposit for the owners of such businesses is not only a tool of increasing their capital, but also an operational instrument of their activity, that is why it has to be very flexible. And the deposit “Golden Steps” is exactly this. It is flexible and mobile to the extent the conditions of the modern business sphere require”, - Andrzej Olejnik, Chief Marketing Officer Platinum Bank commented.

This deposit has no time limits and the funds could be claimed and withdrawn at the moment it is needed. Also this product doesn’t have restrictions on minimum or maximum amounts of the deposit. The funds can be increased or decreased without any limitations, and to manage the account you don’t have to be present at the branch of the bank, where the deposit was opened, as far as with the deposit “Golden Steps” you can do it online, using the “Internet Banking” system.

“During development of the deposit scheme “Golden Steps” we considered the requirements of corporate clients and we were driven to create such a product that would be at most supportive and profitable to the business. The interest rate depends on the actual account balance at the end of the day. In case of an increase or decrease of the deposited amount the interest rate automatically increases/decreases correspondingly”, - Alexander Popov, Head of Corporate Clients department of the Platinum Bank says.

More details in the press-release.

With adoption of the Law of Ukraine “On Deposit Guarantee System” on February the 23rd 2012 No. 4452-IV the procedure of establishing the guaranteed sum of reimbursement will not change and the Fund guarantees every depositor a compensation on his/hers deposits. But the sum cannot exceed the amount established by the Administration Board of the Fund, which currently is UAH 150,000.

We would like to draw your attention to the fact that in the current Law of Ukraine “On Deposit Insurance Fund” the guaranteed amount of compensation that equals UAH 1,200 was indicated and the possibility of its increase by the decision of the Administration Board of the Fund was defined. From the moment this Law was adopted in 2001 the amount of guaranteed reimbursement sum was increased 8 times according to the decisions of the Administration Board of the Fund.

The increase of guaranteed amount of reimbursement on deposits from UAH 50,000 to UAH 150,000 was introduced under the respective provision of Law “On Priority Measures of Prevention of Negative Consequences of Financial Crisis and Introducing Changes to Some Legislative Acts of Ukraine” on 31.10.2008 No.639-VI, which was temporary and was valid until January the 1st 2011. After the indicated date with the purpose of preventing the reduction of guaranteed amount on deposits the Administration Board of the Fund used its authority and decided to preserve the amount of reimbursement of deposits in the sum of UAH 150,000 (the Decision of the Administration Board of the Deposit Guarantee Fund “On the Amount of Reimbursement of Funds on the Deposits” of November the 17th 2010 No. 2, registered with the Ministry of Justice of Ukraine on January the 6th 2010 No. 1220/18515).

The Law of Ukraine “On Deposit Guarantee System” is directed at the strengthening of depositors’ rights protection in case of bank’s insolvency, namely:

- the period of reimbursement comes down from 2 months to 7 days from the day of the decision on revoking of the bank’s license and liquidation of the bank;

- the duration of temporary administration reduces from 1 year to 3 months and for the systemic banks from 18 months to 6 months;

- during the operation of the temporary administration the moratorium will not be placed on return of deposits to individuals under fixed-term and termless contracts, the term of which expired within the guaranteed amount;

- if during the operation of the temporary administration the depositor cannot receive his/hers deposit, including interests, in 7 working days from the expiry date of the agreement or under demand deposit, the Fund provides a loan to the bank to pay off to such individual within the guaranteed amount.

The main purpose of the deposit guarantee system is protection of rights and interests of the depositors. Implementation of deposit guarantee system reform will allow to increase the general level of trust of the depositors to the banking system of Ukraine, which is one of the key preconditions of steady economic development.

With adoption of the Law of Ukraine “On Deposit Guarantee System” on February the 23rd 2012 No. 4452-IV the procedure of establishing the guaranteed sum of reimbursement will not change and the Fund guarantees every depositor a compensation on his/hers deposits. But the sum cannot exceed the amount established by the Administration Board of the Fund, which currently is UAH 150,000.

We would like to draw your attention to the fact that in the current Law of Ukraine “On Deposit Insurance Fund” the guaranteed amount of compensation that equals UAH 1,200 was indicated and the possibility of its increase by the decision of the Administration Board of the Fund was defined. From the moment this Law was adopted in 2001 the amount of guaranteed reimbursement sum was increased 8 times according to the decisions of the Administration Board of the Fund.

The increase of guaranteed amount of reimbursement on deposits from UAH 50,000 to UAH 150,000 was introduced under the respective provision of Law “On Priority Measures of Prevention of Negative Consequences of Financial Crisis and Introducing Changes to Some Legislative Acts of Ukraine” on 31.10.2008 No.639-VI, which was temporary and was valid until January the 1st 2011. After the indicated date with the purpose of preventing the reduction of guaranteed amount on deposits the Administration Board of the Fund used its authority and decided to preserve the amount of reimbursement of deposits in the sum of UAH 150,000 (the Decision of the Administration Board of the Deposit Guarantee Fund “On the Amount of Reimbursement of Funds on the Deposits” of November the 17th 2010 No. 2, registered with the Ministry of Justice of Ukraine on January the 6th 2010 No. 1220/18515).

The Law of Ukraine “On Deposit Guarantee System” is directed at the strengthening of depositors’ rights protection in case of bank’s insolvency, namely:

- the period of reimbursement comes down from 2 months to 7 days from the day of the decision on revoking of the bank’s license and liquidation of the bank;

- the duration of temporary administration reduces from 1 year to 3 months and for the systemic banks from 18 months to 6 months;

- during the operation of the temporary administration the moratorium will not be placed on return of deposits to individuals under fixed-term and termless contracts, the term of which expired within the guaranteed amount;

- if during the operation of the temporary administration the depositor cannot receive his/hers deposit, including interests, in 7 working days from the expiry date of the agreement or under demand deposit, the Fund provides a loan to the bank to pay off to such individual within the guaranteed amount.

The main purpose of the deposit guarantee system is protection of rights and interests of the depositors. Implementation of deposit guarantee system reform will allow to increase the general level of trust of the depositors to the banking system of Ukraine, which is one of the key preconditions of steady economic development.

With adoption of the Law of Ukraine “On Deposit Guarantee System” on February the 23rd 2012 No. 4452-IV the procedure of establishing the guaranteed sum of reimbursement will not change and the Fund guarantees every depositor a compensation on his/hers deposits. But the sum cannot exceed the amount established by the Administration Board of the Fund, which currently is UAH 150,000.

We would like to draw your attention to the fact that in the current Law of Ukraine “On Deposit Insurance Fund” the guaranteed amount of compensation that equals UAH 1,200 was indicated and the possibility of its increase by the decision of the Administration Board of the Fund was defined. From the moment this Law was adopted in 2001 the amount of guaranteed reimbursement sum was increased 8 times according to the decisions of the Administration Board of the Fund.

The increase of guaranteed amount of reimbursement on deposits from UAH 50,000 to UAH 150,000 was introduced under the respective provision of Law “On Priority Measures of Prevention of Negative Consequences of Financial Crisis and Introducing Changes to Some Legislative Acts of Ukraine” on 31.10.2008 No.639-VI, which was temporary and was valid until January the 1st 2011. After the indicated date with the purpose of preventing the reduction of guaranteed amount on deposits the Administration Board of the Fund used its authority and decided to preserve the amount of reimbursement of deposits in the sum of UAH 150,000 (the Decision of the Administration Board of the Deposit Guarantee Fund “On the Amount of Reimbursement of Funds on the Deposits” of November the 17th 2010 No. 2, registered with the Ministry of Justice of Ukraine on January the 6th 2010 No. 1220/18515).

The Law of Ukraine “On Deposit Guarantee System” is directed at the strengthening of depositors’ rights protection in case of bank’s insolvency, namely:

- the period of reimbursement comes down from 2 months to 7 days from the day of the decision on revoking of the bank’s license and liquidation of the bank;

- the duration of temporary administration reduces from 1 year to 3 months and for the systemic banks from 18 months to 6 months;

- during the operation of the temporary administration the moratorium will not be placed on return of deposits to individuals under fixed-term and termless contracts, the term of which expired within the guaranteed amount;

- if during the operation of the temporary administration the depositor cannot receive his/hers deposit, including interests, in 7 working days from the expiry date of the agreement or under demand deposit, the Fund provides a loan to the bank to pay off to such individual within the guaranteed amount.

The main purpose of the deposit guarantee system is protection of rights and interests of the depositors. Implementation of deposit guarantee system reform will allow to increase the general level of trust of the depositors to the banking system of Ukraine, which is one of the key preconditions of steady economic development.

Mark Iwashko, Founding Partner and Chief Investment Officer of Horizon Capital stated: “Bank`s management team is brilliant in fulfillment of strategic targets on financial results and reinforcement of its presence through the country. We`re excited that the bank is an outstanding leader of retail banking segment and is active in corporate social responsibility sector development, providing the country with added value”.

”2011 was a year of strategic importance for us. During the last year’s operations on Ukrainian market the bank has achieved significant results that were mostly directed by the proper strategy as well quality of our banking products and services. Generally speaking, such a success in deposit attraction will support our growth of loan portfolio and ensure relevant liquidity cushion for 2012. Today, we set even more ambitious goals so that we develop a legendary financial institution: sound and reliable bank for our clients and shareholders. In 2012 we will propose our clients and business-partners new systems and services which will assist us to achieve even greater success», - outlined Gregory Krasnov, Platinum Bank Chief Executive Officer.

More details in the press-release.

The idea of the campaign emerged from the analysis of consumer needs and concerns, as well as certain stereotypes in the perception of people lending in Ukraine. People often have doubts before taking a credit because their experience with banks scares them in respect of those bureaucratic procedures and the complexity of the process of a loan issue. As a result, paper monsters became an embodiment of all the bureaucratic red tapes and unnecessary paperwork that prevent people from getting a cash loan.

More details in the press-release.

Between 01.01.11 and 01.10.11, the bank’s deposit portfolio grew by 243%, and its loan portfolio grew by 155%. Due to this development, Platinum Bank became the 12th largest bank in the country by retail lending in the national currency, and the 33rd largest retail deposit bank as of 1.10.11. As of 31.10.11, the bank’s retail network was comprised by over 1,600 units, including classical bank branches (Platinum Branch), service centers in shopping centers (Platinum Light) and in-store consumer lending POSs (Platinum Express). Platinum Bank’s consolidated IFRS ROE for the first three quarters of 2012 reached 12%.

More details in the press-release.

Between 01.01.11 and 01.10.11, the bank’s deposit portfolio grew by 243%, and its loan portfolio grew by 155%. Due to this development, Platinum Bank became the 12th largest bank in the country by retail lending in the national currency, and the 33rd largest retail deposit bank as of 1.10.11. As of 31.10.11, the bank’s retail network was comprised by over 1,600 units, including classical bank branches (Platinum Branch), service centers in shopping centers (Platinum Light) and in-store consumer lending POSs (Platinum Express). Platinum Bank’s consolidated IFRS ROE for the first three quarters of 2012 reached 12%.

More details in the press-release.

The CSR Fair was organized by the Centre "Development of corporate social responsibility" under the "Unite for reform (UNITER)”, which is performed by Pact and funded by the U.S. Agency for International Development (USAID). The CSR Fair is also supported by the Global Compact.

More datails in tte press-release.

The management of the Bank decided to support the organizers of the Congress, the main purpose of which is to promote small and medium businesses in the country, and to establish communication between entrepreneurs from East and West Ukraine.

"The Congress has provided a unique opportunity to bring into one room representatives of small and medium-sized businesses from all over Ukraine to exchange experiences and suggestions. Our bank is confident that such events bring a win-win benefit for the organizers and the participants - everyone gets good contacts and new and interesting proposals for the development of their business. We are pleased that we are able to provide entrepreneurs with such opportunity" Greg Krasnov, CEO of Platinum Bank, commented.

In the course of the Congress, the Platinum Bank also presented its proposal to entrepreneurs which enables them to significantly strengthen their financial positions and develop their businesses.

More details in the press-release.

The main visitors of the page are the users from Ukrainian megacities, as well as associated regional centers. The overwhelming numbers of the visitors are the men, 53% of them aged 25-34 years old.

More details in press-release.

Satskiy Cup is one of the most prestigious sailing competition in the cruising class in Ukraine. During the race 62 crews from Kiev, Zaporozhye, Dnepropetrovsk, Energodar, Nikopol, Cherkassy and other cities of Ukraine competed in seven classes of yachts. Among the participants of the race there are the winners of national and international competitions. The team of “Odin - Platinum Bank» has shown excellent results and won the competition. 

"Odin - Platinum Bank» is one of the most active and titled yachts in Ukraine. This season, the team has won the first prize in the prestigious Hetman Cup and got the prize in the competitions of Windmaster Regatta. 

More details in press-release.

Photos can be found here.

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As for the consolidated results the loan portfolio of lending the individuals in national currency Platinum Bank exceeded UAH 700 million that is 2 times greater than this figure at the beginning of 2010. The consolidated data includes the credit portfolio of the acquired by Platinum Bank “Home Credit Bank”. The increase of the loan portfolio allowed Platinum Bank for the first time to rank among the Top 20 banks in Ukraine on lending the individuals in national currency.

According to statistics of the credit agreements conducted in Platinum Bank on February 2011 the increased number of contracts compared to February 2010 made up 615%.

On the bank corporate website there is a specially developed loan calculator which allows you to choose the desired amount and to calculate a convenient monthly payment. Moreover we suggest the possibility of phone consultation at a convenient for the customer time.

More details in the press-release.

According to statistics of the credit agreements conducted in Platinum Bank on February 2011 the increased number of contracts compared to February 2010 made up 615%.

On the bank corporate website there is a specially developed loan calculator which allows you to choose the desired amount and to calculate a convenient monthly payment. Moreover we suggest the possibility of phone consultation at a convenient for the customer time.

More details in the press-release.

According to statistics of the credit agreements conducted in Platinum Bank on February 2011 the increased number of contracts compared to February 2010 made up 615%.

On the bank corporate website there is a specially developed loan calculator which allows you to choose the desired amount and to calculate a convenient monthly payment. Moreover we suggest the possibility of phone consultation at a convenient for the customer time.

More details in the press-release.

Tomasz Borowski worked in Platinum Bank from the beginning since 2005. During this time he succeeded more than one position, consistently demonstrating a high performance work, actively implementing changes, supporting and developing the culture of Platinum Bank.

More detailed read a press-release.

Greg Krasnov, CEO, Platinum Bank will be presenting at Ukrainian Banking forum

UKRAINIAN BANKING FORUM – now firmly established as the MOST ANTICIPATED annual gathering for top Ukrainian bankers and their peers from abroad. This year event offers a unique and highly valuable source of information on the future of the sector and what government policy for 2010-2011 will be to succeed in the current economic climate.

Amongst speakers of the forum:

• TEIMOUR BAGIROV, Head of Economic Advisory Council, CABINET OF MINISTERS OF UKRAINE
• MARTIN RAISER, Country Director for Ukraine, Belarus and Moldova, WORLD BANK
• VOLODYMYR LAVRENCHUK, Chairman of the Board, RAIFFEISEN BANK AVAL
• TIMOTHY ASH, Head of CEEMEA Research, ROYAL BANK OF SCOTLAND
• JACQUES MOUNIER,  President of the Board of Management, CREDIT AGRICOLE CIB
• VYACHESLAV KOZAK, Chairman of the Board, OSCHADBANK
• SILVIO PEDRAZZI, Chairman of Supervisory Board, PRAVEX-BANK
• KONSTANTIN VAYSMAN, Chairman of the Board, FIRST UKRAINIAN INTERNATIONAL BANK ( FUIB)
• MARGOT JACOBS, Senior Analyst, EAST CAPITAL PRIVATE EQUITY
• FEDERICO RUSSO, Chief Executive Officer, President of the Management Board, UNICREDIT BANK
• VADIM PUSHKAREV, Chairman of the Board, VTB BANK (UKRAINE)
• ROBERT S. KOSSMANN, Deputy Chairman of the Board, Retail Banking, RAIFFEISEN BANK AVAL
• TSVETAN  PETRININ, Deputy Chairman of the Board, Retail Banking, VAB BANK
• PIOTR KACZMAREK, Head of Retail, ALFA-BANK (UKRAINE)

and many, many more….

WHAT MAKES THE UBF 2010 A COST-EFFECTIVE INVESTMENT IN TODAY’S CLIMATE:

• MAXIMISE Your Learning Through These Special Focus Days For 2010:

* A Highly Interactive & Practice-Driven Seminar on: “Risk Management Strategies for the New Era”, 15th November 2010
* A CASE-STUDIES-based Focus Day on: “Ukrainian Retail Banking Sector: Strategy, Progress & Outlook”, 18th November 2010

• BE ON TOP OF YOUR GAME: 60+ Of The Most Forward-Thinking Bankers Practitioners Will Offer Invaluable Information You Can Act Upon Immediately
• BENEFIT from the 15+ BRAND NEW Dynamic Formats, Interactive Executive Panels & Extended Q & A Sessions: Less Powerpoint Presentations, More Time To Ask Questions & Debate Issues;
• Meet 300+ bankers at the Bank Executive Networking Cocktail Reception: Why Waste Time Travelling To Meet Different Clients When UBF 2010 Brings Them Together In One Place;
• MAXIMISE Your Time By Pre-Booking All Your Meetings On-Line Through Our Pre-Forum On-Line Networking System;

For full details on event, programme, speakers and to register, please, visit http://www.adamsmithconferences.com/xu8plbe

Available discounts:
• 25% discount* - quote VIP Code XU8PLB
• “Early bird” – see website for details

*Discount is not valid for persons who have already registered to participate at this conference and/or seminar(s). All discounts can only be applied at the time of registration and cannot be combined. Promotional code must be stated upon registration. All discounts are subject to approval.

Greg Krasnov, CEO, Platinum Bank will be presenting at Ukrainian Banking forum

UKRAINIAN BANKING FORUM – now firmly established as the MOST ANTICIPATED annual gathering for top Ukrainian bankers and their peers from abroad. This year event offers a unique and highly valuable source of information on the future of the sector and what government policy for 2010-2011 will be to succeed in the current economic climate.

Amongst speakers of the forum:

• TEIMOUR BAGIROV, Head of Economic Advisory Council, CABINET OF MINISTERS OF UKRAINE
• MARTIN RAISER, Country Director for Ukraine, Belarus and Moldova, WORLD BANK
• VOLODYMYR LAVRENCHUK, Chairman of the Board, RAIFFEISEN BANK AVAL
• TIMOTHY ASH, Head of CEEMEA Research, ROYAL BANK OF SCOTLAND
• JACQUES MOUNIER,  President of the Board of Management, CREDIT AGRICOLE CIB
• VYACHESLAV KOZAK, Chairman of the Board, OSCHADBANK
• SILVIO PEDRAZZI, Chairman of Supervisory Board, PRAVEX-BANK
• KONSTANTIN VAYSMAN, Chairman of the Board, FIRST UKRAINIAN INTERNATIONAL BANK ( FUIB)
• MARGOT JACOBS, Senior Analyst, EAST CAPITAL PRIVATE EQUITY
• FEDERICO RUSSO, Chief Executive Officer, President of the Management Board, UNICREDIT BANK
• VADIM PUSHKAREV, Chairman of the Board, VTB BANK (UKRAINE)
• ROBERT S. KOSSMANN, Deputy Chairman of the Board, Retail Banking, RAIFFEISEN BANK AVAL
• TSVETAN  PETRININ, Deputy Chairman of the Board, Retail Banking, VAB BANK
• PIOTR KACZMAREK, Head of Retail, ALFA-BANK (UKRAINE)

and many, many more….

WHAT MAKES THE UBF 2010 A COST-EFFECTIVE INVESTMENT IN TODAY’S CLIMATE:

• MAXIMISE Your Learning Through These Special Focus Days For 2010:

* A Highly Interactive & Practice-Driven Seminar on: “Risk Management Strategies for the New Era”, 15th November 2010
* A CASE-STUDIES-based Focus Day on: “Ukrainian Retail Banking Sector: Strategy, Progress & Outlook”, 18th November 2010

• BE ON TOP OF YOUR GAME: 60+ Of The Most Forward-Thinking Bankers Practitioners Will Offer Invaluable Information You Can Act Upon Immediately
• BENEFIT from the 15+ BRAND NEW Dynamic Formats, Interactive Executive Panels & Extended Q & A Sessions: Less Powerpoint Presentations, More Time To Ask Questions & Debate Issues;
• Meet 300+ bankers at the Bank Executive Networking Cocktail Reception: Why Waste Time Travelling To Meet Different Clients When UBF 2010 Brings Them Together In One Place;
• MAXIMISE Your Time By Pre-Booking All Your Meetings On-Line Through Our Pre-Forum On-Line Networking System;

For full details on event, programme, speakers and to register, please, visit http://www.adamsmithconferences.com/xu8plbe

Available discounts:
• 25% discount* - quote VIP Code XU8PLB
• “Early bird” – see website for details

*Discount is not valid for persons who have already registered to participate at this conference and/or seminar(s). All discounts can only be applied at the time of registration and cannot be combined. Promotional code must be stated upon registration. All discounts are subject to approval.