A team of 36 bank employees became the participants of the annual sports charity action "Run under chestnuts 2010", organized to support the Scientific and Practical Center of cardiology and cardiac surgery for young children of MH of Ukraine.
Platinum Bank ended the financial year 2009 with a consolidated net profit of $8.7 million as compared to consolidated net loss for the year 2008 of -$4.9 million. At the end of 2009, Capital Adequacy Ratio (CAR) stood at 45.5% and Return on Equity (ROE) reached 9%. Total cost to income ratio in 2009 declined to 47%.
On April 22, 2010 a press briefing named “Platinum Bank summarizing the year 2009 and planning for 2010” was held. Within the framework of this event they officially inaugurated a new Head Office of the bank and Kiev branch in 12 Amosova str. (business-center ‘Gorizont Park’). The press conference was attended by: Mr. Gregory Krasnov, Director General of Platinum Bank, Mr. Todd Esposito, Chief Financial Officer and Board Member of Platinum Bank; Mr. Peter Barcak, Chief Risks Officer and Board Member of Platinum Bank; Ms. Elena Frankovskaya, Chief Sales Officer and Board Member of Platinum Bank; Mr. Denis Brodsky, HR Officer and Board Member of Platinum Bank; Ms. Elena Petrenko, Chief Compliance Officer and Board Observer of Platinum Bank; Mr. Andrzej Olejnik, Marketing and Product Development Officer and Board Observer of Platinum Bank.
On December 18, 2009 implemented the Saint Nicholas Day Project, under which employees raised money to buy gifts for Saint Nicholas Day to children children’s homes. The children from the Lubotin Monther and Child Home in Kharkiv Oblast and the Kyiv Oblast Center “Mother and Child Together” in Fastov and Boyarka were presented evolutive toys and warm clothing.
Platinum Bank provides support in choosing a deposit which meets all on-going needs of a client. The site of the Bank has a specially-designed form of deposit selection. After answering three questions, a client is offered a special deposit which meets expectations of that client.
Within its programs for raising quality of services at branches. Platinum Bank launched the Project “Put In Your Two Cent Worth”, in which every client may tell his/her wishes, comments as well as proposals as to the performance of Platinum Bank and its service quality at branches.
On November 18, 2009, a discussion workshop focused on strategies of Ukrainian banks was hosted by the 4th Annual Conference of Adam Smith Institute of Ukrainian Bank’s Forum. The discussion was attended by the General Director of Platinum Bank Greg Krasnov who told of constituents of a balanced bank strategy in crisis time.
On November 2009, the Seminar “Effective Risk Evaluation and Debt Management” at which the banking market participants shared their experience in using loan office instruments was held. Among the participants, there was the Head of Transaction Risk Management Andrey Ignatov. He presented advantages of using loan office products
Platinum Bank is introducing a charity project “Diaper-Rush”, under which a threemonth stock of diapers is transferred to Lubotin Mother and Child Home in Kharkiv Oblast and Kyiv Oblast Mother and Child Together Center in Fastov. Also, these children’s homes received toys gathered by employees of the bank.
Platinum Bank has launched new deposit products developed in accordance with new needs of clients in crisis time. The Bank offers five new deposit products which will enable a client to choose his/her bank-partner, have free access to his/her funds, receive additional income, save money necessary to buy a big thing and be always prepared to emergency purchases.
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».