Platinum Bank is the leader of retail loan portfolio growth in Ukraine
According to the 1st quarter 2011 results Platinum Bank occupies the third place in the growth rate of retail loans in national currency according to NBU. At the same time as of 01.05.11 according to AUB data the speed growth rate of total bank retail portfolio is on the 5th place among the Top 50 banks in terms of the loan portfolio.
The retail loan portfolio size increasing of Platinum Bank is observing during several months of the year. As of January 1, 2011 the loan portfolio in local currency amounted to UAH 560.13 million. According to the period of 01.04.2011 this figure reached UAH 670.62 million, the increase of the retail loan portfolio amounted to 19.73% respectively.
"Today Platinum Bank is actively developing and strengthening its position in the market, which in turn affects the amount of the loan portfolio. We offer our customers easy cash loans without paper monsters (income statement), which are very popular. The rate of growth in retail portfolio is the prove not only for an ever-increasing popularity of the bank, but also the degree of Ukrainians’ confidence in the bank. However, we could not achieve similar results without the professionalism of our employees, effective and coordinated system of retail business, and, of course, the simple and popular products", commented Greg Krasnov, CEO of Platinum Bank.
In the first quarter of 2011 we observe positive trends of retail lending market development. The positive trend of Platinum Bank portfolio size growth is closely connected with the strengthening of public confidence in the banking system and namely in the bank, which products meet the population needs.
Platinum Bank (www.platinumbank.com.ua) 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). Platinum Bank has received a professional award “Ukrainian Financial Olympus” in nomination “Qualified management of international standard” (according to the results of 2010).
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