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Platinum Bank Increases Authorized Capital Stock

The shareholder of Platinum Bank has decided to increase authorized capital stock by the amount of 360 MIO UAH via private placement of the additional ordinary registered shares of the current notional value. Thus, after the increase, the bank’s authorized capital stock will amount to 859.78 MIO UAH.

 “Platinum Bank increases its authorized capital stock in accordance with the approved development strategy. The funds will be allocated to the expansion of the main business directions, in particular – increased loan provision. We aim at strengthening the market position of Platinum Bank, as well as at searching for new niches, which will successfully complement the existing business-model,” - notes Chairman of the Supervisory Board of Platinum Bank, Gregory Gurtovoy.

In June 2015, according to the Capitalization Programme, approved by the National Bank of Ukraine, Platinum Bank has already been re-capitalized in the amount of 150 MIO UAH. 



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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