More than 1,5 thousand clients bought domestic government bonds through OTP Bank app in 2024
More than 1,500 clients of OTP BANK JSC purchased domestic government bonds through the OTP Bank UA app in the period from January 1 to October 31, 2024. In total, during this time, the Bank sold bonds worth UAH 6.4 billion equivalent, said product owner of OTP BANK Valeriia Ovcharuk.
“Interest of investors in the product is growing. In 10 months of the current year, almost 4,000 transactions were made, which is 2.4 times more than in the same period of 2023. It is noteworthy that clients prefer currency bonds in particular 82% of the investment amounta was made in foreign currency. Bonds with maturities of up to 1 year are in the greatest demand”, - noted V.Ovcharuk.
You can buy bonds through the OTP Bank UA app in two ways: directly at the auctions of the Ministry of Finance and from OTP BANK's own portfolio. In particular, at the auctions of the Ministry of Finance, clients purchased bonds for a total amount of UAH 5.5 billion equivalent, while the volume of sales from the Bank's portfolio since the launch of this service in May 2024 amounted to almost UAH 900 million equivalent.
«It is possible to invest in government bonds without the risk of "freezing" funds for a long time, because if necessary, the client can use the right of early sale of previously purchased bonds in part or in full. To do this, you need to inform the Bank about your intention, and the managers will certainly help», - added Valeriia Ovcharuk.
Domestic government bonds are an opportunity not only to reliably save and multiply funds, but also to support the economy of Ukraine, since securities are sold also for financing the needs of the state budget. Repayment of bonds is 100% guaranteed by the state. Such an investment does not require payment of personal income tax.
To remind, in May for the convenience of customers OTP BANK introduced the service of purchasing domestic government bonds from its own portfolio in the OTP Bank UA app. The easy interface allows you to choose the optimal number of bonds, interest rate and placement period at any convenient time with just a few clicks. The service is available to all individuals who have opened a bonds account at any branch of the Bank.
You can learn more about investing in domestic government bonds by following the link.
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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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