Pt Platinum Public Limited (hereafter Platinum Bank) ended the financial year 2011 with net income after tax of US$11.281 thousand (2010: US$10.674 thousand). Return on Equity (ROE) reached 13%. Cost to Income ratio improved to 54%.
Platinum Bank offers legal entities and private entrepreneurs a chance to increase their capital, meanwhile providing a free access to the funds – deposit “Golden Steps”. The main advantage of this deposit scheme is its flexibility and mobility.
In March 2012 the national magazine “GVardiya” formed the transparency and sustainability rating in the sphere of corporate social responsibility, according to which Platinum Bank holds 1st place amongst financial institutions and is in the 6th place in the general rating of socially responsible companies of Ukraine.
In 2011 Platinum Bank became one of the market leaders in retail banking. The bank`s successful financial activity is confirmed by the consolidated financial statements and NBU data. Bank’s retail deposits portfolio increased by 456% and Platinum Bank topped the list of retail deposits portfolio growth (among TOP-30 banks on retail deposits portfolio). At year-end the bank was one of the TOP-10 banks on retail loans portfolio in local currency, which raised by 230%.
Platinum Bank announces completion of the transaction on sale of PSC «Bank Vostok», previously known as «Home Credit Bank» (Ukraine). All necessary documents are signed, and the transaction is successfully closed. Amount of the transaction is not disclosed.
On December 2, the International Contest for EFFIE AWARDS UKRAINE has awarded a prize to the creative idea of the Platinum Bank developed by the Agency for Promotion Technologies in the category of banking, financial and insurance services. The idea of "Loans without Paper Monsters" and its embodiment in life has allowed the Bank to show high performance in its first national campaign.
On December 1, 2011á eight schools became winners of the Contest «Pt - Advanced Technologies of Training", which was held under the project "Education of Triple Nine." The aim of the pedagogical creativity contest is to motivate teachers to use information and communication technologies and implement educational initiatives in teaching the subject of "Economics".
Platinum Bank has prepared its first Sustainable Development Report named "Business with Human Face", in accordance with the international standard for non-financial reporting “Global Reporting Initiative” (GRI), under its obligations to the UN Global Compact.
Based on the results of three quarters of the year 2011, Platinum Bank was rated as 2nd and 3rd fastest growing bank by retail deposits and retail loans in local currency respectively, and became the only bank in Ukraine to reach a Top 5 position in both ratings.
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.
IMB Group Public Limited (herewith “Platinum Bank”) finished fiscal year 2008 with a consolidated net loss of $ 4.90 million compared with a consolidated net loss of $ 8.21 million in 2007. In addition, Platinum Bank finished the year with over $38 million in cash and cash equivalents and it’s Ukrainian bank subsidiary finished the year with over 68% banking capital adequacy.
In April 22, 2009 a general shareholders meeting of JSC «First All-Ukrainian Bureau of Credit Histories» took place. Platinum Bank is one of the shareholders of the Bureau. At the meeting Platinum Bank has been the most active participant in working with the Bureau in the transfer of credit information to the database of the Bureau, making queries to credit histories, as well as maximizing the use of other instruments of Credit Bureau in order to minimize credit risks, with this encouraging other market players to do likewise.
At April 14, 2009, a press-conference «Platinum Bank takes crisis in allies» took place, it was devoted to the official start of the process of Platinum Bank re-branding. The press conference was attended by Greg Krasnov, General Director of Platinum Bank, Elena Frankivska, Sales Director, Member of the Board of Platinum Bank and Todd Esposito, Finance Director, Member of the Board of Platinum Bank. Special guest was Natalia Yaresko, managing partner and co-founder of Horizon Capital, the main shareholder of Platinum Bank, that holds 31.4% stake in the bank.
At March 11, 2009 in accordance with the requirements of the new edition of the Law of Ukraine «On banks and Banking» CJSC «International Mortgage Bank» was registered as OJSC «Platinum Bank» in a single register of enterprises and institutions of Ukraine.In compliance with regulatory requirements of current legislation of Ukraine to the legal form of the bank coincided with the beginning of the process of rebranding CJSC «MIB». Thus, a shift to a new legal form and consolidate a new bank brand - Platinum Bank took place.
At February 25, 2009 Platinum Bank (formerly JSC «International Mortgage Bank») and the Fund for Eastern Europe open two computer classrooms, Kryviy Rig.The representatives of Platinum Bank and the Fund for Eastern Europe transfer to ownership the equipment, which was used by bank, to home-school #1 and the social organization «Shelter».