Platinum Bank completed the transaction on sale of “Bank Vostok”
Platinum Bank announces completion of the transaction on sale of PSC «Bank Vostok», previously known as «Home Credit Bank» (Ukraine). All necessary documents are signed, and the transaction is successfully closed. Amount of the transaction is not disclosed.
Platinum Bank held a tender for sale of the unlimited bank license of PSC «Bank Vostok» with all permissions. The license includes currency transactions, transactions with securities (broker activities, securities custodian, etc.). As of the sale date, the bank's liabilities were formed as capital for more than 95%, and its assets were formed in cash for more than 95%. The network of branches constituted one branch.
PSC «Bank Vostok» was sold to a Ukrainian group of individuals and legal persons.
More details in the press-release.
For Your Reference:
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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