"Podviynyi Rezultat" deposit program from OTP Group: +5% addition to the standard deposit rate and mutual fund trial
Starting April 7, 2017, OTP Capital Asset Management Company and OTP Bank, are offering the "Podviynyi Rezultat" deposit program, which combines classic bank deposit and mutual fund. This allows clients to receive an increased rate on the deposit and additional income from investments in financial market instruments. OTP Group offers similar hybrid programs deposits to its customers since 2012, introducing European experience of investing in Ukraine.
"Podviynyi Rezultat" gives an opportunity to receive 15.5% per annum for a 3-month OTP Bank deposit if placing the same amount for a year into the mutual fund. The fund's assets are invested in a reliable instrument β Ukrainian G-bonds, which currently yields 15-16% per annum.
"In the context of deposit rates declining, clients are increasingly interested in alternative investment tools. The hybrid product gives clients an opportunity to try investments in the investment fund, while receiving a bonus of 5% per annum to the standard OTP Bank rate for 3-month deposit. We believe that mutual funds will becoming more and more popular, as deposits will provide an opportunity only to save money, which is a norm for developed countries", - said Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC "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 6 public mutual funds, 3 venture funds, reserves of insurance companies and 2 non-government pension funds. Total assets under management: UAH 327.8 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.
Note: the profitability of investments made on financial market can increase or decrease. Fund performance results in the past do not guarantee the same performance results in the future. The state does not guarantee the profitability of investments in mutual funds. AMC OTP Capital LLC does not guarantee returns of investment instruments mentioned in this material.