Assets of “OTP Pension” exceeded UAH 100 million

 

Assets of non-state pension fund “OTP Pension” exceeded 100 million UAH. Since the beginning of 2017 the fund’s assets increased by 12%, which became possible due to constant contributions from existing fund’s participants as well as 6% growth in number of new participants. Totally there are 31 180 people with savings in “OTP Pension”.

“OTP Pension” currently is in TOP-3 largest open NPF in Ukraine by total assets and ranks 5th by the number of participants among this kind of non-state pension funds.

“Another important milestone was reached. We have worked hard on fund assets growth - stimulated contributions and transfers from other funds, increased investment efficiency, attracted new participants – and as a result during past 3 years we have increased the assets of OTP Pension by 4 times. We believe that pension is a personal issue for an each individual and only private pension savings can provide a decent standard of living after retirement”, - says Vitaliy Dyshlovy, Head of Sales and Marketing Department of “OTP Capital”.

Contributions to non-state pension fund can be made by individuals as well as by companies in favor of its employees. Contributed assets are invested in different financial instruments in order to generate investment income and to protect savings from inflation. After retirement, a participant receives additional non-state pension paid by NPF.

To learn more about non-state pension fund OTP Pension and to conclude a pension contract, please visit one of the OTP Bank branches.

For more information visit www.otppension.com.ua 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 individuals and corporate clients and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 4 venture funds, reserves of insurance companies and 2 non-government pension funds. Total assets under management: UAH 350 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: 01.08.2017