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PRT: AS “PrivatBank” has attracted several large subordinated deposits

Spekuliantai.lt | 2011-03-23 | NASDAQ OMX biržų naujienos | perskaitė: 1566
PRT: AS “PrivatBank” has attracted several large subordinated deposits

PrivatBank Company Announcement 23.03.2011

AS “PrivatBank” has attracted several large subordinated deposits





AS “PrivatBank” continues to be a stable and reliable bank, which our customers
confirm by placing large subordinated deposits with AS “PrivatBank”.

On July 1, 2010, amendments to the Latvian Immigration Law came into force,
providing for new possibilities of obtaining a residence permit in Latvia.
According to the amendments, a non-resident of Latvia placing a subordinated
deposit of over 200.000.00 LVL (≥ 300.000.00 EUR; ≥ 400.000.00 USD) for 5 years
can claim for a temporary residence permit in Latvia for the term of the
deposit.

Yesterday, March 22, 2011, 2 VIP customers of the Bank used this possibility,
thus confirming the strong business reputation of AS “PrivatBank”.

About PAO KB PrivatBank: an international banking group PrivatBank has been
providing services to more than 20 million corporate and retail customers in
Ukraine Russia, Georgia, Latvia, Portugal, Italy and other countries already
for 19 years. PrivatBank is the banking market leader in Ukraine and the
largest bank with national capital, one of the largest bank settlement cards
issuers and acquirers in the Eastern Europe (the amount of payment cards issued
is 18.5 million). As of November 1, 2010, net assets amount of PrivatBank
equals to 6.68 billion LVL. The equity capital is 739.2 billion LVL, credit
portfolio - 5.91 billion LVL. Net profit of PrivatBank according to the 10
months results of the year 2010 has reached 69.18 billion LVL. PrivatBank is
the commercial bank with the largest number of customers in Ukraine: more than
23% of Ukraine's population uses its services. Today the bank provides services
to 334 thousand corporate customers, 314 thousand private entrepreneurs and
more than 12.5 million individuals. “PrivatBank” services are available at more
than 3400 branches of the vast customer service network. "PrivatBank" has won
international recognition by The Banker Awards as "Bank of The Year 2010" in
Ukraine. PAO KB "PrivatBank", which also includes AS "PrivatBank", ranks 416th
in "Top 1000 World Banks 2010" published by The Banker magazine, with Tier 1
capital of 673 million LVL.




Gita Markovska
AS "PrivatBank"
Head of Marketing and Advertising Department
Phone (371) 67041382
Gita_Markovska@privatbank.lv

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