Platinum Bank Implemented Project of Checking Companies against Bankrupt Databases
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.
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).