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KREDOBANK S.A.
- About Company
- Management
- Financial results
- Strategy
Kredobank (previously Kredyt Bank Ukraina) is a universal bank headquartered in Lviv, a city located across the border from Poland, in the place of significant interchange between the two national cultures. Offering a comprehensive range of services to its customers and corporate clients, Kredobank possesses the skills and competences required in handling the settlement of contracts companies of both the countries execute. The services the Bank provides include, among others: acceptance of deposits; operation of personal and corporate accounts; factoring; granting of guarantees; handling of cheques and bills of exchange; operations in the forex market and the securities market. Kredobank has operated on the Ukrainian market since 1990. Its strategic partner is PKO Bank Polski , which holds above 99.56 per cent. of its shareholders' equity.
As at 31 December 2010, the network of Kredobank outlets included a single branch (since consolidation of 19 independent branches into the single Central Kredobank Branch) and 137 sub-branches located in 22 of Ukraine's 24 oblast administrative units and in the Autonomous Republic of Crimea. Operation of Kredobank within PKO Bank Polski Capital Group can serve as a positive example of the impact of Polish investments on a Ukrainian financial institution; this under conditions of persisting economic instability of that country. The technologies, know-how and funds invested into Kredobank have contributed to its significant development. The Bank has met with broad recognition for the quality of its products, active support of the SME sector and its operational transparency. Kredobank was the first bank in Lviv and all of Western Ukraine to operate its own card transaction processing centre when it began in March 2009. In 2010 it won the title of the Best Bank - Partner to Insurers in a competition organised by the Bankier magazine.
Management Board:
Deputy Management Board Vice-President
Marcin Kuksinowicz
Management
Board Vice-President
Radosław Hoc
Vice-President of the Management Board
Przemysław Majka
Management
Board Vice-President
Mirosław Kortas
Supervisory Board:
Deputy Chairman
Jakub Papierski
Supervisory Board Member
Andrzej Kołatkowski
Supervisory Board Member
Paweł Borys
Supervisory Board Member
Łukasz Dziekoński
Supervisory Board Member
Jerzy Gapiński
Supervisory Board Member
Magdalena Kośmicka
Supervisory Board Member
Grzegorz Szatkowski
Supervisory Board Member
Piotr Żochowski
Key financials
- 2009
- On 18 December 2009 the General Shareholders' Meeting of Kredobank adopted a resolution on a capital increase in an amount of UAH 368 million by way of the XX share issue, the registration of which has been planned of 1H 2010.
- As at 31 December 2009, net assets of Kredobank amounted to UAH 652 million.
- Kredobank posted net loss of UAH 488 million in respect of the year 2009. The financial result was mainly impacted by increase in the allowance for non-performing loans, which reflected the strained condition of the Ukrainian economy and the deteriorating financial condition of the Bank's customers and clients.
- 2008
- As of 31 December 2008, the own funds of KREDOBANK SA amounted to UAH 116 million.
-
For 2008, KREDOBANK SA reported a net loss in the amount of UAH 434 million.
The net loss for 2008 was mainly caused by deterioration in quality of loans portfolio as a result of the economic situation in Ukraine.
Development strategy
Kredobank's strategy envisages, among others, achievement of the following:
- strong position in retail banking through application of advanced IT technologies;
- close and sustainable professional relations with Ukrainian companies, with primary focus on SMEs;
- development of a product offer dedicated to the high net worth segment; and
- the position of the bank of first choice to the businesses engaged in the Polish-Ukrainian commerce and trade.
Significant events and achievements
2010
- In Q3 2010 Kredobank's balance sheet total contracted (y/y) by PLN 369 million or 16.5 per cent. (balance sheet total expressed in UAH contracted by 2.8 per cent.) and as at the end of September 2010 amounted to PLN 1,866 million (or UAH 5,057 million).
- In Q3 2010 the Company's loan portfolio (gross) contracted (y/y) by PLN 299 million or 15.4 per cent. (same gross loans expressed in UAH contracted by 1.5 per cent.) and as at the end of September 2010 amounted to PLN 1,644 million (or UAH 4,456 million).
- In Q3 2010 customer fixed term deposits contracted (y/y) by PLN 157 million or 14.3 per cent. (same deposits expressed in UAH contracted by 0.3 per cent.). As at the end of September 2010, fixed term deposits stood at PLN 937 million (or UAH 2,541 million).
- Kredobank shares of the XX issue in an amount of UAH 368 million were registered on 22 July 2010. PKO Bank Polski took up Kredobank shares in total amount of UAH 367.5 million. At registration of the capital increase, PKO Bank Polski's interest in shareholder's equity of Kredobank and its voting rights at the Company's general shareholders' meeting rose from 99.4948 per cent. to 99.5655 per cent.
Significant events after the balance sheet date:
- The Kredobank Extraordinary General Shareholders' Meeting of 5 January 2011 adopted, among others, a decision increasing the composition of the Supervisory Board: from 7 to 9 members. These are exclusively representatives of PKO Bank Polski.
2009
- In December 2009 the National Bank of Ukraine approved and authorised registration of amendments to the Articles of Association of Kredobank. Since 14 January 2010 Kredobank has operated under a new name of Publiczna Spółka Akcyjna "Kredobank" (a public joint-stock company).
- In June 2009 the National Bank of Ukraine registered the Bank's capital increase, as a result of which shareholders' equity of Kredobank amounts to UAH 1,551,000.
- In March 2009 Kredobank put into operation own card transaction processing centre thus becoming the first bank in Lviv and all of Western Ukraine to operate such a proprietary processing centre.
Kontakt
KREDOBANK S.A.
ul. Sacharowa 78A
79026, Lwów
+38 032 297 23 26,
+38 032 297 08 37
Infolinia: 8 800 500 8 500
E-mail: office@kredobank.com.ua
WWW: www.kredobank.com.ua