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Platinum Bank introduced a system of online tenders

From September 2012 a new system BUYER Pro that allows to organise a tender scheme on transparent and open basis was introduced in Platinum Bank. Four tenders were already held thanks to this system. Transparency of it is in excluding of human factor from the process of choosing the company. The participants do not see the name of the competitor but can see the best price and step rate.

The main factor for introduction of such system in Platinum Bank was a desire for improving the system of carrying out tenders and intent to transfer the selection of the bank's vendors into easy and clear format.

Thus the scheme of carrying out of tender procedures in "electronic format" was implemented, i.e. collection of "electronic envelopes" is conducted. Owing to this system Platinum Bank can hold open and closed tenders as well as carry out the request for prices.

"Within the framework of our obligations on business transparency and signed Declaration on Responsible Business Partnership we aspire to reach the level of international standards in holding the tenders. We have set the following objectives: transparency of procurement process, optimisation of all processes, creating of a united database of vendors and simplifying of central control over procurement process. I can say that all these objectives could be achieved thanks to implementation of new system of carrying out tenders online", - Todd Esposito, Chief Financial Officer of Platinum Bank comments.

All the actions of system users are strictly controlled, traced and entered into the archive of operations that makes the procurement process in the bank absolutely transparent. In clearly defined time all the offers are opened whereupon its evaluation and approval are conducted as well as access to the next round provided. The system offers a total protection completely excluding leak and disclosure of information.

More detailed information you can find on the website of the bank in the section Tenders


Platinum Bank is a specialized retail bank providing deposit and loan products to individuals, small and medium-sized business through a network of outlets and customer service centers all over Ukraine since 2005. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, the senior management of the Bank and IFC (a subsidiary of the World Bank).

Platinum Bank became a winner in the nomination “Best Retailer Bank” in the rating of “Ukrainian Banker Awards 2011” (“Investgazeta”).

Greg Krasnov, the CEO of the Platinum Bank received the award “The Financier of the Year 2011” within the nationwide price “Person of the Year - 2011”.



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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