"OTP Podviynyi+" paid off its clients, exceeding the projected annual return
On July 10, 2015 "OTP Podviynyi+" investment fund managed by "OTP Capital" successfully have performed back payments to its investors. Annual yield for 2014-2015 was projected at 23%, but "OTP Capital" investment managers exceeded it – average yield for the year is 25.3%, which is higher than a rate for sale term deposit by "OTP Bank". Thus, the second part of deposit program "OTP Podviynyi+" ended, which initial offering was performed in June 2014.
Deposit program "Podviynyi+" proposed clients to divide their money in two parts: the first half went to a 3-month bank deposit at 25% per annum, the second one – to a conservative investment fund with capital preservation strategy, based on fixed income instruments (deposits, government bonds) for 12 month. Currently "OTP Capital" offers "OTP Obligatsiynyi" investment fund with a similar strategy, which has a target yield of 22% per annum with minimum recommended investment period of 1 month.
"Exceeding the expectations of our clients has become a good tradition for "OTP Capital". We are happy that we have managed to receive yield higher than projected, and to earn more for our clients than they could get on standard bank deposit", - says Vitaliy Dyshlovy, Head of Sales and Marketing Department of "OTP Capital".
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group in Ukraine. The company provides a wide range of high quality investment services to both corporate clients and individuals and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 3 venture funds, reserves of insurance companies and non-government pension fund. Total assets under management: UAH 192.2 mln.
Public joint stock company 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. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.