Platinum Bank - Press-releases

Deposit �Golden Steps� is for unlimited business opportunities

pr@platinumbank.com.ua — Thursday, 03 May 2012 00:00:00 EEST

Platinum Bank offers legal entities and private entrepreneurs a chance to increase their capital, meanwhile providing a free access to the funds – deposit “Golden Steps”. The main advantage of this deposit scheme is its flexibility and mobility.

“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This deposit has no time limits and the funds could be claimed and withdrawn at the moment it is needed.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.

If the amount of the deposit is up to 250 thousand UAH the interest rate is 3%, if it is up to 500 thousand UAH – 4%, from 500 thousand UAH to 1 million UAH – 5%, more than 1 million UAH – 6%.

For more detailed information on the conditions of the deposit “Golden Steps” please visit the corporate bank website http://www.platinumbank.com.ua/view.zolotishodi/

Reference:

Platinum Bank is a specialized retail bank providing deposit and loan products to individuals, small and medium-sized business through a network of outlets and customer service centers all over Ukraine since 2005. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, the senior management of the Bank and IFC (a subsidiary of the World Bank).

Platinum Bank became a winner in the nomination “Best Retailer Bank” in the rating of “Ukrainian Banker Awards 2011” (“Investgazeta”). Greg Krasnov, the CEO of the Platinum Bank received the award “The Financier of the Year 2011” within the nationwide price “Person of the Year - 2011”.

Platinum Bank took first place in transparency and sustainability rating in the financial segment

pr@platinumbank.com.ua — Monday, 12 Mar 2012 00:00:00 EET

In March 2012 the national magazine “GVardiya” formed the transparency and sustainability rating in the sphere of corporate social responsibility, according to which Platinum Bank holds 1st place amongst financial institutions and is in the 6th place in the general rating of socially responsible companies of Ukraine.

41 companies operating in Ukraine took part in the rating. Transparency and sustainability indicators were evaluated on the basis of questionnaires sent by the companies, public social reports and independent evaluations by members of the expert board.

“The work of our bank is based on the principles of responsible approach and transparency. We are glad that our efforts were recognized, considering that we implement and develop the policy of responsibility towards not only our clients but also society and environment. The majority of our projects already reached a new level and I am excited to see major changes. Besides helping families in need and orphanages we set up computer classes and take care of financial literacy of the Ukrainian young generation. Thus, our bank becomes an integral part of the society”, - comments Greg Krasnov, CEO of Platinum Bank.

To be the leading company is a confirmation of active social responsibility position to Platinum Bank and its clients. During its operation in Ukraine the bank developed and implemented projects, aimed to improve the financial literacy in Ukraine, enhancing technological conditions of education in the orphanages, taking care of nature and environment, etc.

Reference:

Platinum Bank – is a specialized retail bank providing deposit and loan products to individuals, small and medium-sized business through a network of outlets and customer service centers all over Ukraine since 2005. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund and IFC (a subsidiary of the World Bank).

Platinum Bank won the prestigious title of the “Best Retail Bank” in "Ukrainian Banker Awards 2011" by Investgazeta.

Information:

Platinum Bank took first place in transparency and sustainability rating in the financial segment

pr@platinumbank.com.ua — Monday, 12 Mar 2012 00:00:00 EET

Reference:

Platinum Bank won the prestigious title of the “Best Retail Bank” in "Ukrainian Banker Awards 2011" by Investgazeta.

Information:

Platinum Bank took first place in transparency and sustainability rating in the financial segment

pr@platinumbank.com.ua — Monday, 12 Mar 2012 00:00:00 EET

Reference:

Platinum Bank won the prestigious title of the “Best Retail Bank” in "Ukrainian Banker Awards 2011" by Investgazeta.

Information:

Platinum Bank Ranked Number 1 in Deposit Portfolio Growth

pr@platinumbank.com.ua — Tuesday, 14 Feb 2012 00:00:00 EET

In 2011 Platinum Bank became one of the market leaders in retail banking. The bank`s successful financial activity is confirmed by the consolidated financial statements and NBU data. Bank’s retail deposits portfolio increased by 456% and Platinum Bank topped the list of retail deposits portfolio growth (among TOP-30 banks on retail deposits portfolio). At year-end the bank was one of the TOP-10 banks on retail loans portfolio in local currency, which raised by 230%.

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.

At the year end, Platinum Bank has raised for 22 points in the banks’ assets rating and occupied 47th place. Gfk Ukraine researches for 2011 has shown the increase on Platinum Bank brand awareness (prompted) to 18,4%, indicating significant awareness increase within Ukrainian population.

Bank`s dynamic development is realized due to the approved strategy focused on retail banking. Such a strategy ensures a flexible response to market changes and adaptation of banking products to Ukrainian population needs and macro-economic situation within the country.

Reference:

Platinum Bank’s superior banking practices were recognized and greatly acknowledged in 2011. The bank received a number of public awards, including the prestigious title of the “Best Retail Bank” in UKRAINIAN BANKER AWARDS 2011 by Investgazeta.

Platinum Bank Won International Contest for Effective Advertising EFFIE AWARDS UKRAINE 2011

pr@platinumbank.com.ua — Thursday, 08 Dec 2011 00:00:00 EET

On December 2, the International Contest for EFFIE AWARDS UKRAINE has awarded a prize to the creative idea of the Platinum Bank developed by the Agency for Promotion Technologies in the category of banking, financial and insurance services. The idea of "Loans without Paper Monsters" and its embodiment in life has allowed the Bank to show high performance in its first national campaign.

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.

Thus, the most important attribute of a loan from the Platinum Bank is its simple receipt, that is, obtaining loans without paper monsters. The Bank has implemented an integrated approach in preparing for that national campaign. We have used the channels such as TV, radio ads, a radio contest, outdoor advertising, Internet, print advertising in shopping centers, leafleting on the street, ambient, advertising in the subway and contests in social networks. Those frustrated paper monsters with the sign "I was kicked out of the Platinum Bank» wandered around near each branch. Their sad fellows walked through the parks of the capital, and they attracted unusually high attention of people to such financial services as cash loans from the Platinum Bank.

Andrzej Olejnik who is the Director of Marketing and Product Development of the Platinum Bank said "We are very pleased that our first national campaign of this product was not only creative and enjoyable for customers, but it became effective – it has convinced customers that the products of the Platinum Bank deserve their attention. By kicking a paper monster out of our bank as a sign of bureaucracy and complexity, we show our customers that our cash loans are simple and clear. Thus, comparing our results at the start and at end of the campaign, we saw that our loan portfolio has grown by 367% and the number of signed contracts - by 545%. For our team. it is a great honor to receive the international prize of such level. Effie is even of more importance to us, as it is a proof that we have done the most difficult thing in marketing. We do not just make a nice ad but we have presented our idea creatively and clearly, in the right place and at the right time, and that was the result of such efficiency".

"It is great to shoot an interesting movie, but it is much better to get a prestigious award for that. Effie is a good sign for us as it confirms the well-chosen strategy of the 360⁰ Agency. The paper monsters did a great job, and the Agency has made a new step in its development, creating a successful and integrated campaign. I want to congratulate the Project Team and the Client with that important achievement", Konstantin Sobol the Creative Director of Promotion Technologies said.

Reference:

In 2010 Platinum Bank was awarded a “Ukrainian Financial Olympus” prize as the winner in «Qualified international standard management» nomination.

Platinum Bank signs an agreement to acquire Home Credit Bank Ukraine

pr@platinumbank.com.ua — Monday, 06 Dec 2010 00:00:00 EET

Platinum Bank and Home Credit B. V. are pleased to announce they have agreed on a transaction according to which Platinum Bank shall acquire and Home Credit B.V. shall sell a 100% stake in PJSC “Home Credit Bank” (Ukraine) headquartered in Dnipropetrovsk. The transaction that the two parties signed is subject to regulatory approvals in Ukraine.

Platinum Bank’s main shareholders are international investment funds Horizon Capital, East Capital, and IFC, a World Bank company. Platinum Bank provides its services to more than 500,000 clients throughout Ukraine.

Home Credit B.V., an umbrella structure holding stakes in leading providers of consumer finance & retail banking in emerging markets, is fully controlled by PPF Group N.V., the largest privately held investment and financial group in Central & Eastern Europe. Home Credit companies are present in six markets of the CEE region including Russia, as well as in China and Vietnam and serve over 19 million customers across geographies.

Greg Krasnov, CEO of Platinum Bank, commented: „In the course of 2010 Platinum Bank extended its network to 50 branches. We have also continued to consider various opportunities to grow through acquisitions of other banks. The acquisition of PJSC “Home Credit Bank” will provide us with significant synergies related to accelerating our growth in Ukraine. We are sure that both banks’ clients will discover that the co-operation brings tangible benefits for them.”

Alexander Labak, Chairman and CEO, Home Credit Group, commented: “We have entered into the agreement with Platinum Bank, which is subject to approval by market regulators in Ukraine, foreseeing a mutually beneficial solution for our clients as well as our shareholders. The transaction signed by both parties combines the strengths of both banks, and allows them to provide their clients with stability and lots of synergies, such as extended banking network & product range. I am convinced that the clients of both Platinum Bank and PJSC “Home Credit Bank” will, when a transaction is approved by the regulators, experience a dynamic development of the new entity and appreciate the positives arising from such a solution”.

Platinum Bank will pursue its further development by strengthening its positions in key regions in Ukraine. Home Credit B.V., as the owner of PJSC “Home Credit Bank” (Ukraine), intends to fully support Home Credit Bank Ukraine during the transition period. All offices of both banks are to provide their services to customers as usual, with no change in working hours or locations.

Background: Platinum Bank (www.platinumbank.com.ua) – is a specialized retail bank, which since 2005 has been offering deposit and loan products for individuals through a network of branches and points of sale across Ukraine. As of 1.1.10, the consolidated assets of Platinum Bank comprised UAH 1.5 billion. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, Management and IFC (a World Bank company).

Home Credit B.V. (www.homecredit.net) is one of the leading providers of consumer finance in Central and Eastern Europe and Central Asia. In selected CEE countries Home Credit has successfully developed retail banking franchises. Over 15,600 employees serve 4.6 million Home Credit’s active customers (as of 30 June 2010) across countries where the companies operate: the Czech Republic (since 1997), Slovakia (since 1999), the Russian Federation (since 2002), Kazakhstan (since 2005, a minority stake), Ukraine (since 2006) and Belarus (since 2007).

Contacts:
Platinum Bank

Viktoria Mykhno
Mobile: +380 50 440 99 86
Email: pr@platinumbank.com.ua
www.platinumbank.com.ua

Home Credit B.V.
David Sahula
Tel: +420 224 174 485
Mobile: + 420 725 779 934
E-mail: sahula@ppf.cz

Home Credit Bank (Ukraine)
Viktor Pashula
Tel: + 380 961 330 515
E-mail: viktor.pashula@homecreditbank.ua

Platinum Bank Implements New Business Transparency Standards

pr@platinumbank.com.ua — Thursday, 13 Aug 2009 00:00:00 EEST

The Bank informs openly its existing and prospect customers about all of its shareholders, financial statements and auditors’ reports providing as much information required to understand the Bank’s business and the principles of its operation as possible. Under the business transparency standards, Platinum Bank provides the visitors of its corporate website with pictorial views of the Bank’s activities through Photogalery section on http://www.platinumbank.com.ua/view.photo/. In this section, you may see images of the Bank’s activities, the evidence of its participation in various events.

Greg Krasnov, CEO of Platinum Bank, noted that: “We are well aware of our customers’ needs to know reliable information about the bank which they choose as their financial partner. In fact, we may only trust those people and companies about which we know sufficiently enough information. And everybody knows the proverb ‘seeing is believing’; therefore, I am sure that one photo in Photogalery section on our website will tell expressly how we work and will display our goals and objectives in business conduct.”

Platinum Bank adheres to such principles of business as: devotion to duty, reliability in partnership, innovation in business approaches, business process effectiveness, integrity and communicativeness.

Bank Profile:
Platinum Bank (www.platinumbank.com.ua) (operating formerly under such brands as IMB Group, International Mortgage Bank, and Family Credit) offers deposits and loan products to individuals through its network of outlets and points of sales throughout Ukraine. As at January 01, 2009, Platinum Bank’s consolidated assets were UAH1.4 billion. Platinum Bank ranks the first among the Ukrainian banks in terms of capitalization (the consolidated share capital / assets ratio) and the 34th in terms of consolidated share capital. The main shareholders of Platinum Bank include international management companies Horizon Capital, East Capital and IFC (a member of the World Bank Group).

Platinum Bank Implements New Business Transparency Standards

pr@platinumbank.com.ua — Thursday, 13 Aug 2009 00:00:00 EEST

Platinum Bank Has Come Back to its Precrisis Period of Loan Portfolio Quality

pr@platinumbank.com.ua — Thursday, 23 Jul 2009 00:00:00 EEST

Platinum Bank says that it has come back to its precrisis period of mortgage loan portfolio quality. It was March 2009 that became the peak period for delinquencies for mortgage loans this being caused by acute fluctuation in the rate of exchange. Thanks to work-out tools developed in December 2008, the delinquency indicator (30+ days) for Q2’2009 improved by 61% as compared with Q1and came back to the precrisis period level.

In mortgage lending, loan performance quality has reached the precrisis period’s level this evidencing a previous effective assessment of customers’ capabilities and a significant assistance rendered by the Bank to the existing mortgage loan customers in the form of work-out (restructuring) tools called for. Upon economy stabilization and a stable foreign exchange rate, the portfolio quality indicators will demonstrate a stable positive trend.

Peter Barcak, Chief Risk and IT Officer of Platinum Bank, confirmed: “Of course, the existing mortgage loan portfolio has a strong influence on the loan portfolio of our bank as a whole. This is an important indicator which demonstrates the effectiveness of tools developed previously to help the existing mortgage loan customers to reduce a loan load. I am glad that, thanks to complex measures to prevent risks, we now are in the precrisis period.”

Natalia Matsievska, Deputy Risk Manager, Lending Policy Manager of Platinum Bank, noted: “The work-out tools developed as early as in the previous year have proved their effectiveness in practice. We met, thus, our customers half-way extending a helping hand to them in an unlucky situation. Currently, we have already restructured 10% of all of our mortgage loan customers who have taken advantage of the restructuring tools proposed and now repay successfully their loans.”

A correct risk management policy, an active implementation of joint projects of Platinum Bank with First Credit Bureau of Ukraine and Information Judicial Systems, Public Enterprise of the Ministry of Justice of Ukraine provide the Bank with a good loan portfolio.

Bank Profile:
Platinum Bank (www.platinumbank.com.ua) (operating formerly under such brands as IMB Group, International Mortgage Bank, and Family Credit) offers deposits and loan products to individuals through its network of outlets and points of sales throughout Ukraine. As at January 01, 2009, Platinum Bank’s consolidated assets were UAH1.4 billion. Platinum Bank ranks the first among the Ukrainian banks in terms of capitalization (the consolidated share capital / assets ratio) and the 34th in terms of consolidated share capital. The main shareholders of Platinum Bank include international management companies Horizon Capital, East Capital and IFC (a member of the World Bank Group).

Platinum Bank Has Come Back to its Precrisis Period of Loan Portfolio Quality

pr@platinumbank.com.ua — Thursday, 23 Jul 2009 00:00:00 EEST

Platinum Bank Has Come Back to its Precrisis Period of Loan Portfolio Quality

pr@platinumbank.com.ua — Thursday, 23 Jul 2009 00:00:00 EEST

Platinum Bank Implemented Project of Checking Companies against Bankrupt Databases

pr@platinumbank.com.ua — Thursday, 09 Jul 2009 00:00:00 EEST

Platinum Bank, in collaboration with Information Judicial Systems, Public Enterprise of the Public Judicial Administration launched a project of checking enterprises for whether or not they are listed in the databases of Ukrainian enterprises in respect whereof bankruptcy proceedings have been instituted or a decision to declare bankrupt has been delivered. Checks against said databases of the Ministry of Justice of Ukraine are carried out by Platinum Bank’s experts in an online mode once the customer files a loan application and furnishes an income statement from his/her place of employment.

Andrey Ignatov, Head of the Operational Risk Department of Platinum Bank, noted that: “This check makes it possible to evaluate the activities of companies employing our prospect customers and, accordingly, to determine whether or not our customer will be able of affording to repay a loan with an acceptable load on his/her budget. In addition, checking companies against bankrupt databases makes it possible to screen those who wish to raise a loan fraudulently using counterfeit income statements.”

An active implementation of joint projects of Platinum Bank with First Credit Bureau of Ukraine and Information Judicial Systems, Public Enterprise of the Ministry of Justice of Ukraine paralleled with a well thought out risk management provides the Bank with a high-quality loan portfolio.

Bank Profile:
Platinum Bank (www.platinumbank.com.ua) (operating formerly under such brands as IMB Group, International Mortgage Bank, and Family Credit) offers deposits and loan products to individuals through its network of outlets and points of sales throughout Ukraine. As at January 01, 2009, Platinum Bank’s consolidated assets were UAH1.4 billion. Platinum Bank ranks the first among the Ukrainian banks in terms of capitalization (the consolidated share capital / assets ratio) and the 34th in terms of consolidated share capital. The main shareholders of Platinum Bank include international management companies Horizon Capital, East Capital and IFC (a member of the World Bank Group).

Platinum Bank Opens Finance World for Children

pr@platinumbank.com.ua — Tuesday, 30 Jun 2009 00:00:00 EEST

On June 22, 2009, Platinum Bank Conducted First Lessons in Financial Literacy for Children.

This Project was implemented jointly with Detki-Monetki (Kids-Coins), a Business School for children, teenagers and parents (www.detki-monetki.biz), and Maysternya Mrii (Dream Workshop) Children’s Camp active at Master Class Cultural and Educational Center (www. masterklass.org). School’s pupils, children of 10 to 13, have got to know what a bank is, what banks operate in Ukraine, and how to choose a reliable partner bank for their future activities. Also, a bank excursion was organized during which excursion school’s pupils visited various units of the Bank’s Head Office; Call Center having made the acquaintance of Center’s best operators; and a bank’s outlet where they tried to perform one of the banking operations.

Upon completion of a two-week course, the pupils of the Business School will prepare and defend their business plans.

Sergiy Bidenko, the originator of Detki-Monetki Project, noted that: “At our studies, some children pay attention to price lists in shops for the first time and began to think of the real cost of a plate of soup. The bank excursion helped our students to see the path of money beyond a purse and to understand the role thereof in the economy.”

Olena Frankivska, Sales Director, Member of the Board of Platinum Bank noted that: “Finance literacy of the Ukrainian population requires significant time contributions on the banking system’s part. We understand this and make our contribution in forming a correct finance culture of children, future businessmen, who will then share their knowledge with their friends or even tell something new to their parents. This excursion was helpful for children and us, bankers.

Platinum Bank plans to implement the Finance World for Children in collaboration with the Detki-Monetki Project on a regular basis within the business social responsibility framework. In the Bank, since 2008, there has existed the Computer World for Children Program under which the Bank opens computer classes for orphans children and children with special needs teaching them in computer literacy. Since 2008, the Bank has opened five such classes in various regions of Ukraine.

Detki-Monetki (www.detki-monetki.biz) is a business school for children, teenagers and parents. The founders of this school share their enthusiasm and knowledge with children who wish to earn their own money and with those adults who have already made decision to help their children to become independent and enterprising. The school proposes improvement in finance literacy, teaching in entrepreneurship and business etiquette, and teenagers’ career-guidance.

Master Class (www.masterklass.org) is a cultural and educational center that is a sort of an intellectual and creative ground where the boldest ideas arise and modern and creative projects are realized. Master Class Cultural and Educational Center is a place of theater premieres, jazz concerts, film shows, art exhibitions, music evening parties and literary soirees, presentations and round tables – all that make the intellectual life of the Ukrainian capital richer and brighter. Moreover, Master Class Cultural and Educational Center means education for the whole family, from the youngest to the oldest.

Platinum Bank Facilitates Lending Renewal in Ukraine

pr@platinumbank.com.ua — Wednesday, 24 Jun 2009 00:00:00 EEST

On June 23, 2009, Platinum Bank took part in a Car Lending Renewal in Ukraine press conference. VD Group was the organizer of this press conference. Artem Tkachenko, VD Group’s Auto Business Manager, a member of the Board of Directors, Kostyantyn Novytsky, Platinum Bank’s Branch Sales Manager, and other representatives of banks took part in the press conference. Platinum Bank is the exclusive operator in spare cash lending, service cash lending and insurance cash lending for VD Group’s customers.

Currently, VD Group has entered into contracts for car loans with six banks. Platinum Bank is the exclusive partner in granting unsecured cash loans for spare purchase, car services and insurance.

Kostyantyn Novytsky, Platinum Bank’s Branch Sales Manager said that “Thanks to a correctly built-up assets management and risk management system, we have unique liquidity figures in the banking market enabling us to develop and introduce new products. A Personal Loan product (an unsecured cash loan) enables a customer to receive a desired amount of cash funds for his/her needs. We hope that our collaboration with VD Group will be mutually beneficial and will constitute cash lending renewal in the banking sphere which, of course, would result in favorable trends in economy.”

Artem Tkachenko, VD Group’s Auto Business Manager emphasized: “A comprehensive approach and a permanent care for customer’s interests are distinctive features of VD AutoCity making Auto City ever stronger and more stable. We approach very carefully to the selection of partner banks in lending. For us, bank’s liquidity and reliability are the basic indicators. The collaboration of car dealers’ centers which are members of VD AutoCity with Platinum Bank has enabled us to offer to our customers not only a car loan service but also a prompt unsecured loan of up to UAH75 thou for the acquisition of accessories and spares.”

Platinum Bank offer to its customers various lending and deposit schemes including without limitation consumer loans, cash loans, and deposits for periods of time from 14 days through 18 months.

Bank Profile:
Platinum Bank (www.platinumbank.com.ua) (operating formerly under such brands as IMB Group, International Mortgage Bank, and Family Credit) offers deposits and loan products to individuals through its network of outlets and points of sales throughout Ukraine. As at January 01, 2009, Platinum Bank’s consolidated assets were UAH1.4 billion. Platinum Bank ranks the first among the Ukrainian banks in terms of capitalization (the consolidated share capital / assets ratio) and the 34th in terms of consolidated share capital. The main shareholders of Platinum Bank include international management companies Horizon Capital, East Capital and IFC (a member of the World Bank Group).

VD AutoCity is an association of six dealers’ centers in Kyiv and Odesa of 50,000 square meters in total area; this is more than 40 models of various makes; this is more than 100 service posts which service up to 400 cars per day. This is the complete set of services including but not limited to a Test Drive, car purchase, insurance, lease, loan, trade-in, formal service, accessories and spares. This is a premium service in everything. This is a real City of Automobiles.

Platinum Bank Checks Automatically Credit Histories and Passport Details

pr@platinumbank.com.ua — Thursday, 11 Jun 2009 00:00:00 EEST

Platinum Bank, jointly with First Credit Bureau of Ukraine, implemented a project of checking automatically credit histories and passport details of prospect borrowers against FCBU’s databases and lost passport databases of the Ministry of Internal Affairs which project is completely new for Ukraine.

Checking against the above databases is carried out online upon the receipt of a loan application and makes it possible to recheck the passport details of prospect customers (lawfulness of issue, whether or not the passport was lost/stolen), as well as to analyze a customer’s financial position if he/she has received already loans from other banks when applying for a new loan.

Andrey Ignatov, Head of the Operational Risk Department of Platinum Bank, noted that: “For the time being, such an automated verification of our customers’ details is a unique for the banking market. This project enables the customers to be protected additionally against any illegal use of their passports, speedups significantly the process of evaluating a financial position of a prospect customer, and ensures both good and prompt loan decision making. Already now, the implementation of such a project enables us to save around UAH400 thou of our depositors monthly.”

Antonina Palamarchuk, Chairman of the First Credit Bureau of Ukraine, emphasized that: “The situation in the lending market has shown the necessity of a more careful check of a borrower. Platinum Bank approaches to work on credit risk reduction with a great responsibility and integrates effectively information from the credit bureau in loan making processes.”

First Credit Bureau of Ukraine provides information and solutions for credit risk management with coverage throughout Ukraine. In 2008, there were created engineering conditions for processing data of credit histories while taking account of banking system needs with providing banks online with a broad spectrum of services.

Bank Profile:
Platinum Bank (www.platinumbank.com.ua) (operating formerly under such brands as IMB Group, International Mortgage Bank, and Family Credit) offers deposits and loan products to individuals through its network of outlets and points of sales throughout Ukraine. As at January 01, 2009, Platinum Bank’s consolidated assets were UAH1.4 billion. Platinum Bank ranks the first among the Ukrainian banks in terms of capitalization (the consolidated share capital / assets ratio) and the 34th in terms of consolidated share capital. The main shareholders of Platinum Bank include international management companies Horizon Capital, East Capital and IFC (a member of the World Bank Group).

Bureau Profile:
First Credit Bureau of Ukraine (http://www.pvbki.com/) was founded by the banking system of Ukraine in July 2005 in order to reduce the risk of lending activities. The Bureau provides information and solutions for credit risk management, operates on-line, and enjoys the confidence of the market. Regional coverage is all of Ukraine. The partners of Bureau include 51 banks including the biggest systemic banks of Ukraine such as UkrSibBank, Raiffeisen Bank Aval, Ukrsotsbank, UkrEximbank and others, insurance and leasing companies, credit unions. The database of Bureau reflects information on all lending products of the banking sector such as consumer loans, mortgages, car loans, lending for SME and legal entities.

Platinum Bank Checks Automatically Credit Histories and Passport Details

pr@platinumbank.com.ua — Thursday, 11 Jun 2009 00:00:00 EEST

Platinum Bank Checks Automatically Credit Histories and Passport Details

pr@platinumbank.com.ua — Thursday, 11 Jun 2009 00:00:00 EEST

Platinum Bank Opened Computer Class for Deaf Children

pr@platinumbank.com.ua — Tuesday, 02 Jun 2009 00:00:00 EEST

On June 01, on the occasion of International Children’s Day, Platinum Bank, in conjunction with Eastern Europe Foundation, opened a computer class for deaf children at Culture House of Kharkiv Regional Organization of the Ukrainian Deaf Society. This class is unique in that it will allow deaf children to study deaf sign language. Within the framework of Computer World for Children Program, Platinum Bank, in conjunction with Eastern Europe Foundation, has already opened four computer classes for children and youth. The Program has been implemented since December 2008; over 50 computers have been installed in such institutions as Nadiya (Hope) Tetyiv Children’s Home (150 km from Kyiv), Svitanok (Dawn) Children’s Home (in Berezan’), Boarding School # 1, and Shelter+ Youth and Teenagers’ Center (in Kryvyy Rig).

Greg Krasnov, CEO of Platinum Bank, noted: “We wish to express our congratulations to children for whom this unique computer class opens on International Children’s Day and are glad sincerely that, from now, they will be able of communicating the entire world without no restriction or limitation and participate actively in the life of the entire community. I would like to emphasize that a special attention was paid to this class in our Computer World for Children Program because it solves problems of deaf children through teaching them deaf sign language. In our nearest plans are also the opening of computer class for blind children in Kharkiv and the continuation of our computer literacy program in other regions of Ukraine.”

“For deaf youth, computers from Platinum Bank mean the actual opportunity to get knowledge and skills in order to find their proper position in the community. I am very glad that our joint social initiatives with Platinum Bank continue helping those who need for this,” – Viktor Lyakh, Executive Director of Eastern Europe Foundation, commented.

This Computer World for Children educational program is a strategic line for Platinum Bank within the social responsibility framework. Apart from this project, the Bank develops and implements corporate volunteership programs (the participation of the Bank’s employees in socially responsible projects of helping children from low-income families, orphans children, and social orphans) and the maintenance of Go Green business environmental standards.