Fund "OTP Pension" increased its assets by 90% in 2016 due to record contributions, competitor acquisition and successful investments


Non-state pension fund "OTP Pension" finished 2016 with 90.5% increase of assets under management, reaching UAH 89.5 mln. Furthermore, the number of fund’s participants has tripled and attained 29 400 people.

The main reason for this growth was increase of contributions – the fund received UAH 19.7 mln of new contributions and transfers from other pension funds. Another significant impact on assets growth as well as on number of participants was caused by "UkrsotsFond" acquisition, which added another UAH 14 mln of assets and 18 000 participants to "OTP Pension".

"OTP Pension" investment portfolio consists of the most reliable financial instruments such as bank deposits, government and bank bonds. It earned 17.6% of yield for fund’s participants last year, exceeding official inflation of 12.4%.

In addition, the fund significantly expanded its servicing network during the last year – now "OTP Pension" is available for clients in all branches of "OTP Bank" throughout Ukraine.

Due to 2016 achievements and its stable work since 2009, "OTP Pension" is now among TOP-3 largest open non-state pension funds of Ukraine.

"Previous year was the most dynamic for "OTP Pension" in its history. We received record contributions and increased customer base greatly. While government is still discussing the feasibility of the pension reform, we already create and increase private pension savings of our clients" – said Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC “OTP Capital”.

The main purpose of “OTP Pension” is to collect pension contributions from individuals and companies, invest these assets in different financial instruments, to protect and increase them in order to make pension payments to its participants after their retirement. "OTP Pension" is a leader in transparency among non-government pension funds.

To learn more about non-state pension fund "OTP Pension" please visit one of the OTP Bank branches, our website or call 044 492 34 69.

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 6 public mutual funds, 3 venture funds, reserves of insurance companies and 2 non-government pension funds. Total assets under management: UAH 319.14 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.

Published: 10.02.2017