Bankers' Club meeting on development of credit bureau market in Ukraine was held in Platinum Bank
On September 20, 2011, while holding Bankers' Club meeting Platinum Bank presented the results of analytical market research on credit bureaus operating in Ukraine and a comparative assessment between the modes of credit bureau operating in Ukraine and abroad. Members of the Bankers' Club and presidents of leading Ukrainian banks were keenly involved in the discussion on the current credit bureaus operating on banking market.
Currently, the main principle of a credit bureau activity is recording an individual’s or a legal entity’s credit histories and providing specialized support systems on risk management to the banks and the nonbank financial intermediaries.
According to the estimate made by Platinum Bank there are six credit bureaus operating in Ukraine that possess valid licenses as per the Law of Ukraine on credit bureaus. In the meantime, only three of them are operated in the mode of screening and providing the information on credit histories on customers’ request.