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Platinum Bank Has Come Back to its Precrisis Period of Loan Portfolio Quality

Platinum Bank says that it has come back to its precrisis period of mortgage loan portfolio quality. It was March 2009 that became the peak period for delinquencies for mortgage loans this being caused by acute fluctuation in the rate of exchange. Thanks to work-out tools developed in December 2008, the delinquency indicator (30+ days) for Q2’2009 improved by 61% as compared with Q1and came back to the precrisis period level.

In mortgage lending, loan performance quality has reached the precrisis period’s level this evidencing a previous effective assessment of customers’ capabilities and a significant assistance rendered by the Bank to the existing mortgage loan customers in the form of work-out (restructuring) tools called for. Upon economy stabilization and a stable foreign exchange rate, the portfolio quality indicators will demonstrate a stable positive trend.

Peter Barcak, Chief Risk and IT Officer of Platinum Bank, confirmed: “Of course, the existing mortgage loan portfolio has a strong influence on the loan portfolio of our bank as a whole. This is an important indicator which demonstrates the effectiveness of tools developed previously to help the existing mortgage loan customers to reduce a loan load. I am glad that, thanks to complex measures to prevent risks, we now are in the precrisis period.”

Natalia Matsievska, Deputy Risk Manager, Lending Policy Manager of Platinum Bank, noted: “The work-out tools developed as early as in the previous year have proved their effectiveness in practice. We met, thus, our customers half-way extending a helping hand to them in an unlucky situation. Currently, we have already restructured 10% of all of our mortgage loan customers who have taken advantage of the restructuring tools proposed and now repay successfully their loans.”

A correct risk management policy, 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 provide the Bank with a good loan portfolio.

Bank Profile:
Platinum Bank
( (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).


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 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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