fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

OTP Bank purchased military government bonds for UAH 2.5 bln in 2023

28/ 06/ 2023
  OTP Bank has purchased military government bonds for UAH 2.5 bln for its individual clientele within almost 700 agreements on their purchase since the beginning of 2023.    This amount exceeds 80% of the bonds purchased for the entire year 2022 and similar to the amount of 2021, which indicates the strengthening of the publics trust in this instrument, said the head of the Private Banking Department of OTP Bank Viktoriya Myslyva. According to her, the hryvnia bonds purchase amounted to UAH 258 mio. Bonds in euros was purchased for EUR 1.3 mio euros; bonds in USD — almost USD 60 mio.  The greatest clients` call was fixed for the securities with a maturity from 6 to 12 months. The maximum rate of return that clients receive today is 19.75% per annum on hryvnia securities, 4.85% on USD-denominated securities, and 3.25% on euro-denominated securities. As noted by V. Myslyva, today governmental bonds are one of the best tools for saving money, especially in foreign currency. In addition to its increased profitability, government securities are a risk-free investment, the return of which is guaranteed by the state; the income is paid off in the currency of investment and it is free from taxation. What is the most vital, the funds attracted in the bonds are used to support Ukrainian economy and increase its defense capacity, she emphasized. As previously reported, clients of OTP Bank who have investments in governmental bonds can monitor their portfolio in the OTP Bank UA application thanks to the new service. In particular, bonds-keepers can check their securities portfolio and transaction history, monitor the interest payment schedule, and familiarize themselves with the investment return schedule. Clients who have not kept bonds yet can obtain additional information about the securities and submit an online application for consultation.

OTP Bank has purchased military government bonds for UAH 2.5 bln for its individual clientele within almost 700 agreements on their purchase since the beginning of 2023.   

“This amount exceeds 80% of the bonds purchased for the entire year 2022 and similar to the amount of 2021, which indicates the strengthening of the public’s trust in this instrument,” said the head of the Private Banking Department of OTP Bank Viktoriya Myslyva.

According to her, the hryvnia bonds purchase amounted to UAH 258 mio. Bonds in euros was purchased for EUR 1.3 mio euros; bonds in USD — almost USD 60 mio.  The greatest clients` call was fixed for the securities with a maturity from 6 to 12 months. The maximum rate of return that clients receive today is 19.75% per annum on hryvnia securities, 4.85% on USD-denominated securities, and 3.25% on euro-denominated securities.

As noted by V. Myslyva, today governmental bonds are one of the best tools for saving money, especially in foreign currency.

“In addition to its increased profitability, government securities are a risk-free investment, the return of which is guaranteed by the state; the income is paid off in the currency of investment and it is free from taxation. What is the most vital, the funds attracted in the bonds are used to support Ukrainian economy and increase its defense capacity,” she emphasized.

As previously reported, clients of OTP Bank who have investments in governmental bonds can monitor their portfolio in the OTP Bank UA application thanks to the new service. In particular, bonds-keepers can check their securities portfolio and transaction history, monitor the interest payment schedule, and familiarize themselves with the investment return schedule.

Clients who have not kept bonds yet can obtain additional information about the securities and submit an online application for consultation.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
Nationwide Minute of Silence
01:00
09:00
Nationwide Minute of Silence
Let us honor the memory of all those who lost their lives in russia’s war against Ukraine
00:43

Spelling error report

The following text will be sent to our editors: