"OTP Pension" is available in OTP Bank retail network


From now on a conclusion of a pension contract with "OTP Pension" – non-state pension fund managed by AMC "OTP Capital", a member of OTP Group in Ukraine, – is available in every "OTP Bank" branch in Ukraine.

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.

Portfolio of "OTP Pension" consists of most reliable financial instruments – bank deposits, government and bank bonds –, which allows to protect assets from inflation and continuously increase pension savings of participants.

"We are paying great attention to building long-term relationships with our clients, that’s why we offer a wide range of products that meet all of their needs and allows them to form full-fledged portfolio, which includes various banking and investment services. Introduction of "OTP Pension" to our product line is a good opportunity for our clients to take care of their future and the future of their family members, because non-state pension is an important element of wealth planning around the world", - said Volodymyr Mudryi, Board Member of JSC "OTP Bank".

Currently "OTP Pension" has about 28 600 participants and more than UAH 70 mln of pension assets.

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-state pension funds. Total assets under management as of 31.12.2015 - UAH 256.8 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: 06.04.2016