OTP Bank Implemented a 5% p.a. interest rate on accounts` balances for Pension and Social Cards
OTP Bank has implemented a 5% p.a. interest rate on account balances for all Visa "Osoblyva" pension cards and Mastercard social cards since September.
It means additional income for the Bank`s clientele over their card accounts balanced up to UAH 50,000.
"We understand that for a pensioner or a social benefits recipient, any possible type of income is important, especially in this extremely difficults period, there are no small amounts for them. So we decided to give such clients the opportunity to obtain additional funds simply and without additional efforts, only under the condition that they keep a certain amount on their pension or social account," Oleg Klymenko, a Board member for the development of retail business of OTP Bank, commented on the innovation.
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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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