Business news from Ukraine

IDEA BANK, UKRPOSHTA REALIZING PROJECT TO ISSUE CONSUMER CREDITS

20 June , 2017  

KYIV. June 20 (Interfax-Ukraine) – Idea Bank (Lviv) starts issuing credits via departments of public joint-stock company Ukrposhta, the bank has said in a press release.
At the first stage Idea Bank will sell credit via 51 departments of Ukrposhta located in rural areas of Zhytomyr, Mykolaiv, Cherkasy, Chernihiv and Kherson regions. Eventually it is planned to expand cooperation via expanding the range of products and the number of regions.
“As part of cooperation with Ukrposhta, Idea Bank has designed a special credit program for individuals aged from 21 to 75 with the credit limit of UAH 50,000. The implementation of the joint project would help Idea Bank to expand geography of issuing the credits, boost its credit portfolio and the clients’ base. This year Idea Bank wants to expand the volume of cash credits to UAH 2 billion,” the press service of the bank reported, citing Board Chairman Mykhailo Vlasenko.
At present, partners of Idea Bank in issuing credits are 11 banks and two non-bank institutions.
Idea Bank was founded in 1989. The largest shareholder on January 1, 2017 was Getin Holding S.A. (99.5878%).
Idea Bank ranked 30th among 90 operating banks on April 1, 2017 in terms of assets (UAH 3.318 billion), according to the National Bank of Ukraine.