Platinum Bank is an active member of CJSC «First All-Ukrainian Bureau of Credit Histories»
In April 22, 2009 a general shareholders meeting of JSC «First All-Ukrainian Bureau of Credit Histories» took place. Platinum Bank is one of the shareholders of the Bureau. At the meeting Platinum Bank has been the most active participant in working with the Bureau in the transfer of credit information to the database of the Bureau, making queries to credit histories, as well as maximizing the use of other instruments of Credit Bureau in order to minimize credit risks, with this encouraging other market players to do likewise.
FABCH provides range of services - credit history of individuals and legal entities, the assessment of credit reports, monitoring of changes in credit histories, verification of data on the basis of lost passports database of Ministry of Internal Affairs and other services. At the moment the database CJSC «First All-Ukrainian Bureau of Credit Histories» contains 1 300 000 credit histories. Bureau assosiates the principal banks of Ukraine, which cover more than 70% of the loan market.
Antonina Palamarchuk, Chairman of the CJSC «First All-Ukrainian Bureau of Credit Histories» stressed that: «The current situation requires banks to build a modern risk management systems, that is possible only in cooperation with the Bureau of Credit Histories, which provides services to the market, aimed at reducing the risk of credit activities. Those banks that belong to the demanding quality of its loan portfolio, use our products at all stages of work with borrowers. These banks include Platinum Bank, which has built an effective system of risk management at the bank, and is actively working with the Bureau».
Andrey Ignatov, Head of operational risk department of Platinum Bank noted that: «For the risk-management of Platinum Bank the main priority always was a balanced approach to assessing the solvency of a potential client. A professional approach of the Credit Bureau to introduction of innovative for our market tools best meet these requirements, and in fact provides the reliable verification of customer information, that allows to achieve high-quality loan portfolio of Platinum Bank. In addition, Western experience shows that the exchange of information among financial market players through the Credit Bureau is healing banking market as a whole, because it helps to curb fraud, discipline borrowers, allows screening of insolvent persons».
Credit Bureau provides information and solutions for credit risk management to cover all over Ukraine. In 2008, the technical conditions were created for the processing of information on credit histories, taking into account the needs of the banking system, providing banks with a large range of services on-line.
Platinum Bank (www.platinumbank.com.ua) (formerly operated under brands IMB Group, «International Mortgage Bank», Family Credit) provides deposit and loan products to individuals through a network of offices and points of customer service throughout the territory of Ukraine. At 1.1.09 consolidated assets of Platinum Bank amounted to 1,4 billion UAH. Platinum Bank took 1 st place among the big Ukrainian banks in market by capitalization (the ratio of consolidated shareholders' equity / assets) and 34 th place in the rating of Ukrainian banks by the level of consolidated shareholders' equity.The main shareholders of Platinum Bank are international management companies of Horizon Capital, East Capital, Warburg Pincus and the International Finance Corporation (a subsidiary of the World Bank).
CJSC «First All-Ukrainian Bureau of Credit Histories» (http://www.pvbki.com/) Is founded by banking system of Ukraine in July 2005 in order to reduce the risk of credit activities. The Bureau provides information and solutions for credit risk management, working in the on-line, and enjoys the confidence of the market. Regional coverage - all of Ukraine. Partners of Bureau are 51 bank, including the bigest systemic banks of Ukraine as «UkrSibbank», «Raiffeisen bank Aval», «Ukrsotsbank», «UkrEximbank» and others, insurance and leasing companies, credit unions. Database of Bureau reflects information on all banking credit products - consumer loans, mortgages, auto loans, credit for small business and legal entities.