Platinum Bank Entered the Group of Large Banks and Increased its Regulatory Capital
Basing on the results of banks’ activity in 2014, the re-arrangement of banks into groups took place. Pursuant the National Bank’s decision, Platinum Bank was moved from the mid-size banks group into the large banks group (banks with the assets of more than 6 bn UAH). Besides, the bank increased its regulatory capital by 150 MIO UAH in December. The transfer of Platinum Bank to the group of a higher level indicates the increase of its reliability and continuous development even in such challenging times. In 2014 the bank managed not only to hold its position, but also to grow in the assets by more than 29%: from 5.8 bn UAH to 7.5 bn UAH.
Kateryna Rozhkova, acting Chairwoman of the Board of Platinun Bank says: “The year of 2014 was challenging, this cannot be denied. But we don’t give up, always and under any circumstances we want to work with high quality output. And our main criterion is the satisfaction of our clients. We get their anxiety about the financial matters, and thus we strive to constantly improve our business processes, increasing the stability and reliability of the bank. Our transition to the group of large banks proves that we are on the right path. The clients of our bank don’t need to worry about their deposits, which is very important during such uneasy times.”
The transition of a financial institution from one group to the other takes place once a year, the main criterion being the size of bank’s assets by the end of the year. The practice of allocating banks into groups by the NBU is done with the aim of distributing supervision functions and responsibilities between the central apparatus and territorial departments of the regulator. At this stage, the group of large banks is comprised of 19 institutions. The transition of the bank into the group of a higher level increases its authority in the industry and gives the opportunity to have more extensive participation in the NBU activity control, and it also serves as an indicator of a wisely chosen managerial strategy.
NOTE TO EDITORS:
Platinum Bank (www.platinumbank.com.ua) — is a specialized bank, which since 2005 has been offering deposit and loan products for individuals through a network of branches and points of sale across Ukraine. In 2014 the bank started developing a corporate line for business clients.
Major shareholder of Platinum Bank is a group of financial shareholders, including the private equity fund European Infrastructure Investment Company (“ÅIIC”, Luxembourg).
The bank operates all over the territory of Ukraine, it has about 2,000 representative offices, out of which 70 branch offices, and the amount of its clients reached 2 MIO people. Platinum Bank actively participates in the life of the society, being a No.1 company from the point of view of corporate social responsibility. Besides, the bank is the beset bank of Ukraine by the quality of services («GlobalBanking», 2013 ã.)
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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 pay.ptclick.com.ua 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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