Platinum Bank entered Top 20 banks in lending the individuals in national currency
According to the NBU, as of January 1, 2011 Platinum Bank occupied the 16th place among the Ukrainian banks for lending the individuals in local currency.
As for the consolidated results the loan portfolio of lending the individuals in national currency Platinum Bank exceeded UAH 700 million that is 2 times greater than this figure at the beginning of 2010. The consolidated data includes the credit portfolio of the acquired by Platinum Bank “Home Credit Bank”. The increase of the loan portfolio allowed Platinum Bank for the first time to rank among the Top 20 banks in Ukraine on lending the individuals in national currency.
"Our data is the testimony to the simplicity and availability of products that we offer. Unlike our competitors, we have not stopped lending in the crisis period, and besides we are constantly improving our products. Having acquired the experience, we can fully meet the needs of our customers. We are glad to know that customers respond to us in return, as evidenced by our continued growth in the ratings. We are going to expedite our development and we hope by the end of the year to enter Top 10 banks for lending the individuals in national currency" commented Greg Krasnov, CEO of Platinum Bank.
Platinum Bank is a specialized retail bank founded in 2005 which provides deposit and loan products for individuals through a network of branches and customer service offices throughout Ukraine. On January 1, 2010, Platinum Bank's consolidated assets totaled 1.5 billion UAH. The main shareholders of Platinum Bank are Investment Fund Horizon Capital, and other leading international funds, such as: East Capital Financials Fund and IFC (a subsidiary of the World Bank).