Open pension fund "UkrsotsFond" is now under management of OTP Capital

Asset Management Company "OTP Capital" and Open pension fund "UkrsotsFond" have signed an agreement on asset management. The fund was established in 2004 by "Ukrsots-nerukhomist", a part of UniCredit Group, to provide an adequate standard of living for retired people by using the opportunities of non-state pension system: accumulation of pension contributions in favor of its participants, professional and efficient asset management and pension payments.

"UkrsotsFond" currently has 17.8 thousand participants with UAH 12.4 mln of pension assets. This corresponds to the 7th place in ranking by participants and 16th place in ranking by amount of assets among all open pension funds in Ukraine.

"Stable investment performance and rich experience in pension asset management gives us an opportunity to attract new funds under our management and to increase the total amount of pension assets under management. Our goal is not only to become the market leader in non-state pension system, but also to give our clients an opportunity to face the future confidently and to live comfortably on retirement,"- said Grygorii Ovcharenko, CEO of "OTP Capital".

There are already open pension fund "OTP Pension" and professional pension fund "Magistral" under “OTP Capital” management, accounting totally UAH 70.1 mln of assets and 336 thousands of participants. "OTP Pension" yielded 29.4% in 2014.

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 220.61 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.