First in Ukraine opportunity to make contributions to OTP Pension account with Mastercard® Rewards bonuses
First in Ukraine OTP Bank and MasterCard introduced a unique opportunity for OTP Bank MasterCard holders to transfer their bonuses accumulated in Mastercard® Rewards bonus program into savings in the non-state pension fund “OTP Pension”.
Currently "Rewards catalogue" includes two options for contributions worth UAH 200 and 500. The only condition requires from the customer to set up an individual pension account in OTP Pension fund to be opened in any OTP Bank branch.
"We are proud to be the first in Ukraine who introduced the possibility to make contributions to pension fund by payment card bonuses. From now on, OTP Bank clients are able to increase their non-state pension savings by making daily purchases. And we will use our experience and competence to increase these savings," said Natalya Mezhenska, Chairman of the board of OTP Pension fund.
The main purpose of OTP Pension fund is to collect pension contributions from individuals and companies, invest these assets in different financial instruments, to protect and increase them in order to make pension payments to its participants after their retirement. Portfolio of OTP Pension consists of most reliable financial instruments – bank deposits, government and bank bonds - to protect assets from inflation and continuously increase pension savings of participants.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.