The OTP Bank's clients’ investments in securities on international markets amounted to UAH 120 mio in September-November this year
OTP Bank's clients have invested more than UAH 120 mio (approximately USD 4.4 mio) in corporate securities on international stock exchanges since the launch of such a service in early September this year, the head of the OTP Bank’s Private Banking Department Victoria Myslyva said.
"Both clients who have no investment experience and private investors who previously invested only through foreign brokers come to OTP Bank. They see many advantages in working with Private Banking: in particular, the bank acts as a tax agent for its customers. We also provide documentary evidence of assets ownership; securities are stored in the parent OTP Bank in Hungary, which won the award as the best bank with Private Banking in Central and Eastern Europe. In addition, the investment income that customers receive when investing through the bank is transparent and official, "said the banker.
She also noted that many Private Banking customers are currently waiting for the New Year and the update of their e-limit. "Given the annual e-limit, which cannot exceed 200 thousand euros, many of our customers during these three months bought 8-10 assets of world-famous brands in their portfolio, in each asset invested an average of $ 20 000-25 000. Now they are looking forward to the year 2022 when they will be able to enter the international stock markets together with OTP Bank again,” V. Myslyva said.
To recall, this year in summer The National Bank adopted a Resolution allowing Ukrainian banks to act as brokers in international stock markets for the purchase and sale of securities on behalf of and for the benefit of their clients. OTP Bank became the first and currently the only bank in Ukraine to offer customers access to global trading platforms in order to buy or sell any shares traded on the stock exchanges of the USA, 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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