Platinum Bank Announces Receiving Refinancing Loan from NBU
Platinum Bank announces receiving from the NBU a refinancing loan in the sum of 240 MIO UAH for the term of two years, which is aimed at supporting financial safety and strengthening the bank’s position in the market. As collateral for the refinancing loan was provided real estate property of Platinum Bank. Collateral evaluation was done by the leading international auditing company, which met all the criteria stipulated by the laws and regulations of the National Bank of Ukraine.
Acting Chairman of the Board of Platinum Bank, Ekaterina Rozhkova notes: “Refinancing loan is a form of support provided to reliable and economically viable banks. As such, we only speak of financially reliable banks, which the NBU sees as worthy of support and strengthens their position. Taking into account the uneasy times for the banking system, the NBU, as a regulator, offers the bank an option of refinancing, the resource of which can be used by the bank in accordance with the strictly regulated legal-regulatory basis. And nowadays more and more banks turn for this sort of support. It’s a normal international practice, one of the instruments for regulating the mechanics of banking system. For us it means the increase of safety factor for fulfilling our obligations towards our deposit clients. Now it’s more important than ever to work stably and reliably, and we know how to do just that.”
First Deputy Chairman of the National Bank of Ukraine, Alexander Pisaruk, emphasized: “The National Bank of Ukraine provides refinancing loans for the liquidity support only to financially reliable banks, which have approved capitalization plans and adhere to the requirements of the legislation regarding the transparency of ownership structure. As for refinancing for Platinum Bank, corresponding decision was made after PJSC Platinum Bank has disclosed information about the beneficiary of the only shareholder of the bank - PT PLATINUM PUBLIC LIMITED (Cyprus) in accordance with the requirements of Ukrainian legislation.”
In 2014 and during the first two months of 2015 the banks have received from the NBU refinancing loans for the sum of 266 bln. UAH. It’s the sign that the NBU and banks together are working on improving the state of Ukraine’s financial system and preserving the funds of its people.