OTP Bank purchased military government bonds for UAH 2.5 bln in 2023
OTP Bank has purchased military government bonds for UAH 2.5 bln for its individual clientele within almost 700 agreements on their purchase since the beginning of 2023.
"This amount exceeds 80% of the bonds purchased for the entire year 2022 and similar to the amount of 2021, which indicates the strengthening of the public's trust in this instrument," said the head of the Private Banking Department of OTP Bank Viktoriya Myslyva.
According to her, the hryvnia bonds purchase amounted to UAH 258 mio. Bonds in euros was purchased for EUR 1.3 mio euros; bonds in USD — almost USD 60 mio. The greatest clients` call was fixed for the securities with a maturity from 6 to 12 months. The maximum rate of return that clients receive today is 19.75% per annum on hryvnia securities, 4.85% on USD-denominated securities, and 3.25% on euro-denominated securities.
As noted by V. Myslyva, today governmental bonds are one of the best tools for saving money, especially in foreign currency. "In addition to its increased profitability, government securities are a risk-free investment, the return of which is guaranteed by the state; the income is paid off in the currency of investment and it is free from taxation. What is the most vital, the funds attracted in the bonds are used to support Ukrainian economy and increase its defense capacity," she emphasized.
As previously reported, clients of OTP Bank who have investments in governmental bonds can monitor their portfolio in the OTP Bank UA application thanks to the new service. In particular, bonds-keepers can check their securities portfolio and transaction history, monitor the interest payment schedule, and familiarize themselves with the investment return schedule. Clients who have not kept bonds yet can obtain additional information about the securities and submit an online application for consultation.
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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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