Platinum Bank signs an agreement to acquire Home Credit Bank Ukraine
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.
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Platinum Bank is one of the biggest players in the national banking system. It belongs to the 1st Group of Banks according to the rating of the National Bank of Ukraine (over 0.5% of assets of the Banking System of Ukraine). Its regional network includes 69 branches and 1080 points of sales in various regions of Ukraine.
One of the top strategic priorities of Platinum Bank is transactional business. In 2016 Platinum Bank became one of the leaders in crediting for individuals among Ukrainian banks. It is also one of the annual leaders on the market in consumer credit segment.
Also, Platinum Bank is actively working on its Digital Bank project. Among others, it actively develops its pay.ptclick.com.ua platform and Platinum Lab – a lab of financial innovations.
At the same time Platinum Bank actively engages more and more corporate clients, first and foremost in distribution and IT business.
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