OTP Bank's clients invested $ 1 million in securities of international companies since the beginning of September this year
OTP Bank purchased corporate securities for its clients on international exchanges in the amount of USD 1 million for the first two weeks since this service had been lauched, the Head of the Private banking department of OTP Bank Victoriia Myslyva said.
According to her, the bank is currently experiencing hot interest from actual and potential clients, many of whom already have quite an experience in investing in securities through foreign brokers. “Our advantage is that OTP Bank is a part of a strong financial group. The agreements are concluded in the legislative field via OTP Bank Hungary. We have developed a competitive tariff offer specifically for such operations,” the Head of the Private Banking OTP Banl highlighted.
The stages of investing are quite simple and fast. In the beginning, according to the requirements of Mifid, the specialists of Private Banking categorize the client, referring him to a professional investor or non-professional one. Depending on the result, the client is consulted and the object of investment is determined. After that, the NBU E-limit is received. "Once these two stages have been completed, the Treasury conducts a purchase transaction within a few seconds," V. Myslyva stressed.
"In any case, it should be understood that the stock market is different from the usual governmental bond market, where income is fixed and the receipt of invested funds is guaranteed by the state. But the investment strategy offers significant benefits in the long run," she stated. According to OTP Bank's Head of Private Banking, currently investing in international securities is probably the best tool for conserving foreign exchange resources, especially when local interest rates on foreign currency deposits are reduced to 0.1% per annum.
OTP Bank is currently the only bank in Ukraine that has implemented the possibility of customers entering the world trading platforms to purchase or sell any shares traded on the stock exchanges of the United States, England, Germany, Switzerland and other countries.
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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.
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