Financial literacy from Platinum Bank is one the Top-3 CSR projects
On October 21, 2011, Platinum Bank participated in the corporate social responsibility exhibition projects - CSR Fair. For the contest, the Bank presented its Project "Platinum Sittings", which are meetings for children from 7 to 14 years old on development of financial literacy where every child can learn what money is, where it comes from, and what is the role of banks in adult life. As a result of voting, the Project "Platinum Sittings" from the Platinum Bank took the third position. In general, 28 leading international and Ukrainian organizations presented their projects at the Fair.
The CSR Fair was organized by the Centre "Development of corporate social responsibility" under the "Unite for reform (UNITER)”, which is performed by Pact and funded by the U.S. Agency for International Development (USAID). The CSR Fair is also supported by the Global Compact.
It is the second time for Platinum Bank to participate in the Contest of CSR projects in Ukraine. This year we introduced our Financial Literacy Project for children which is called "Platinum Sittings." For us, it is important that future generations of Ukrainians would be financially literate, as the latest research of USAID shows that only 40% of Ukrainians may be deemed as those with satisfactory and good knowledge of the financial sector, and, unfortunately, this figure is low. So we decided that we should influence the situation by holding meetings for the children. We are very pleased that our Platinum Sittings were appreciated by visitors of the Fair, and they saw the true value of our project. Thanks to everyone who voted for us. For us, these reviews are another proof that our Project is a great social contribution to development of our future generation"Todd Esposito, Chief Financial Officer and Chairman of Platinum Bank CSR Committee, commented.
The Project "Platinum Sittings" is implemented by the Bank’s employees who voluntarily arrange and conduct meetings with children. During the Project implementation, 500 meetings were arranged and over 6,000 children across the country attended those Platinum Sittings.
The Platinum Bank - specialized retail bank, which since 2005 provides deposit and loan products to individuals and small and medium-sized businesses through its branch network and customer service outlets throughout Ukraine. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, the Bank's management and IFC (World Bank subsidiary).
The Platinum Bank is awarded with the professional award "Ukrainian Financial Olympus" in nomination "Qualified Management of International Standard" (based on 2010 outcomes).