Over the past year, OTP Banks’ clients purchased government bonds worth UAH 6.3 billion equivalent
During 2023, OTP Banks’ clients purchased government bonds (OVDP) for the total amount of UAH 6.3 billion equivalent, which is 153% higher than the figure of 2022.
The number of deals was 2,064, 115% more than in 2022.
"The minimum investment check last year was UAH 8,640, the maximum was more than UAH 109 million equivalent. In Q4 2023, OTP Bank became the first and currently the only bank that provides its customers the access to a unique service - the opportunity to buy OVDP directly at the Ministry of Finance auctions. This option is implemented through the OTP Bank UA mobile application, and more and more customers use it every month. If in October OVDP was purchased online by 79.5% of users, then in December this indicator was already 93.3%," said Valeriya Ovcharuk, OTP Bank Private Banking product owner.
In terms of volume, in 2023, USD investments in OVDPs prevailed - UAH 5.3 billion equivalent (83% of the total investment). Accordingly, in UAH they amounted to UAH 825.4 million (13%), in EUR – UAH 252.4 million equivalent (4%).
"Dollar bonds for clients are an opportunity to reliably save and multiply funds, because currency OVDPs have a higher yield compared to currency bank deposits. In addition, government bonds are not taxed like bank deposits do. And it is also an opportunity to support the country's economy, because the client who buys the OVDP gives a loan to the state, and in return receives a 100% obligation from it to return the funds within the specified period with interest," V. Ovcharuk emphasized.
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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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