Delta Bank ups presence on Ukrainian card crediting market
June 5, 2008
In May, Delta Bank issued the 1,000,000th Visa Classic payment card. For the first time in the world practice, the bank reached an indicator of 1 million issued payment cards within one year.
As of September 1, 2007, the bank’s share of the card market of Ukraine was 0.52% (of the total issue of debit and credit payment cards), while by early 2008 the indicator was 1.22%, and as of May 1 it was 1.82%.
Delta Bank issues only credit cards: the stake of card credits in its total credit individuals’ portfolio as of early May was about 55% (UAH 1.426 billion). According to the experts of Delta Bank, currently the bank’s share of the Ukrainian credit card market is 10%.
Along with this, according to the bank, by early June 2008, 29 of its branches and over 6,000 trade outlets were operating in Ukraine. The share of the bank in the domestic consumer crediting market is about 25%.
“Taking into account the number of granted credit cards and the quality of its credit portfolio, we can say that, building long-term relations with clients, we learnt to manage risks. Besides, it is not a secret, that the credit portfolio, where the amount of card credit exceeds the number of purpose loans, is more stable and manageable,” Olena Popova, the first deputy chairwoman of the bank’s board, commented on the achieved results.
Delta Bank started issuing Visa credit cards in April 2007. By early 2008 the total issue of the bank’s credit cards reached 622,000, and as a result, Visa declared the bank “The Most Promising Debut of Credit Card Issue on Ukraine’s Market”.
“Our cooperation with Delta Bank has started recently, nevertheless, in December 2007 Visa noted the activity of Delta Bank on the card market of Ukraine with an honorary diploma, and today we are glad to congratulate our partners on a new achievement — the issue of the 1,000,000th Visa card, that is an important milestone in the development of the bank and contribution to the development of Ukraine’s card market in general,” Serhiy Ravniaho, Visa director general in Ukraine and the CIS countries (excluding Russia), stressed.
Delta Bank was registered 2006. The only owner and founder of the bank is Mykola Lahun. The net assets of the bank as of May 2008 were UAH 4.672 billion.
The bank’s main partners are the Foxtrot, ABV-Tekhnika, Domotekhnika, The Seventh Continent, Mobilochka, Allo, Melafon, Focus, and City.com trade chains
According to the National Bank of Ukraine, as of April 1, 2008, the bank ranked 35th among the 176 operating banks in Ukraine in terms of total assets.