Complex information system, based on Microsoft Forefront, has reliably protected Platinum Bank and its clients against threats of information security.
The Bank informs openly its existing and prospect customers about all of its shareholders, financial statements and auditors’ reports providing as much information required to understand the Bank’s business and the principles of its operation as possible. Under the business transparency standards, Platinum Bank provides the visitors of its corporate website with pictorial views of the Bank’s activities through Photogalery section on http://www.platinumbank.com.ua/view.photo/. In this section, you may see images of the Bank’s activities, the evidence of its participation in various events.
Platinum Bank says that it has come back to its precrisis period of mortgage loan portfolio quality. It was March 2009 that became the peak period for delinquencies for mortgage loans this being caused by acute fluctuation in the rate of exchange. Thanks to work-out tools developed in December 2008, the delinquency indicator (30+ days) for Q2’2009 improved by 61% as compared with Q1and came back to the precrisis period level.
Platinum Bank, in collaboration with Information Judicial Systems, Public Enterprise of the Public Judicial Administration launched a project of checking enterprises for whether or not they are listed in the databases of Ukrainian enterprises in respect whereof bankruptcy proceedings have been instituted or a decision to declare bankrupt has been delivered. Checks against said databases of the Ministry of Justice of Ukraine are carried out by Platinum Bank’s experts in an online mode once the customer files a loan application and furnishes an income statement from his/her place of employment.
This Project was implemented jointly with Detki-Monetki (Kids-Coins), a Business School for children, teenagers and parents (www.detki-monetki.biz), and Maysternya Mrii (Dream Workshop) Children’s Camp active at Master Class Cultural and Educational Center (www. masterklass.org). School’s pupils, children of 10 to 13, have got to know what a bank is, what banks operate in Ukraine, and how to choose a reliable partner bank for their future activities. Also, a bank excursion was organized during which excursion school’s pupils visited various units of the Bank’s Head Office; Call Center having made the acquaintance of Center’s best operators; and a bank’s outlet where they tried to perform one of the banking operations.
On June 23, 2009, Platinum Bank took part in a Car Lending Renewal in Ukraine press conference. VD Group was the organizer of this press conference. Artem Tkachenko, VD Group’s Auto Business Manager, a member of the Board of Directors, Kostyantyn Novytsky, Platinum Bank’s Branch Sales Manager, and other representatives of banks took part in the press conference. Platinum Bank is the exclusive operator in spare cash lending, service cash lending and insurance cash lending for VD Group’s customers.
Platinum Bank, jointly with First Credit Bureau of Ukraine, implemented a project of checking automatically credit histories and passport details of prospect borrowers against FCBU’s databases and lost passport databases of the Ministry of Internal Affairs which project is completely new for Ukraine.
On June 01, on the occasion of International Children’s Day, Platinum Bank, in conjunction with Eastern Europe Foundation, opened a computer class for deaf children at Culture House of Kharkiv Regional Organization of the Ukrainian Deaf Society. This class is unique in that it will allow deaf children to study deaf sign language. Within the framework of Computer World for Children Program, Platinum Bank, in conjunction with Eastern Europe Foundation, has already opened four computer classes for children and youth. The Program has been implemented since December 2008; over 50 computers have been installed in such institutions as Nadiya (Hope) Tetyiv Children’s Home (150 km from Kyiv), Svitanok (Dawn) Children’s Home (in Berezan’), Boarding School # 1, and Shelter+ Youth and Teenagers’ Center (in Kryvyy Rig).
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».
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