Entering the global securities markets will allow to "nurture" the Ukrainian investor, – Treasury Director of OTP Bank
The investment industry in Ukraine started to emerge, and it has potential for growth, Anton Kovalenko, Director of the Treasury and Financial Institutions Department of OTP Bank announced during the round table “How to protect savings from inflation: investments in Ukraine and abroad”, organized by the Financial Club.
“The tendency for the growth of private individuals’ investments in government bonds is definitely encouraging. If during the previous year the investment volume in different currencies totaled about UAH 11 billion according to the NBU, and bonds in foreign currency significantly exceeded the volume in hryvnia, in 2021 a clearly upward trend is being formed – as of September 24, this figure was already amounted to UAH 22 billion,” he noted.
Another tendency of this year, according to him, is the increased interest of Ukrainians in speculative investments. “There are two types of instruments: fixed income and speculative instruments. At the current level of inflation, fixed income instruments fade into the background, and people begin to wonder what can bring them more money than the inflation rate. Therefore, they often turn to speculative instruments,” Anton Kovalenko said.
He warned that buying shares through online platforms may seem simple, but carries risks. “Brokers can disappear from time to time. Even big names have “disappointed” their clients. This does not happen every day, but it occurs sometimes,” he emphasized.
According to the banker, today there is a sufficient number of reliable investment instruments – both complex and simple in the Ukrainian financial market, though very few clients use complex instruments. “I would suggest so far simple stories – stocks, ready-made funds. Now the NBU has given us the opportunity to create an infrastructure for investing in foreign securities,” stressed Anton Kovalenko. He noted that due to this, it is possible to "nurture" confidence in the investment industry, which has begun to form in Ukraine, while the opportunity to enter global markets will allow Ukrainians to learn how to invest on proven foreign instruments.
“Why don't we have a local market? Because there were defaults when the shares of Ukrainian companies burned out. Therefore, the Ukrainians are trading very carefully today. But a big plus of global markets is that we can grow a Ukrainian investor there. I am optimistic about the investment future,” summed up the Treasury Director of OTP Bank.
To recap, OTP Bank is still the only bank in Ukraine that has realized the possibility of clients entering world exchanges in order to purchase or sell any shares traded on the exchanges of the USA, Europe, Asia. In the first two weeks after the introduction of this service, the bank purchased corporate securities worth USD 1 million for clients on international exchanges.
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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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