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OTP Bank Implemented a 5% p.a. interest rate on accounts’ balances for Pension and Social Cards

14/ 09/ 2022
  OTP Bank has implemented a 5% p.a. interest rate on account balances for all Visa Osoblyva pension cards and Mastercard social cards since September. It means additional income for the Bank`s clientele over their card accounts balanced up to UAH 50,000. We understand that for a pensioner or a social benefits recipient, any possible type of income is important, especially in this extremely difficults period, there are no small amounts for them. So we decided to give such clients the opportunity to obtain additional funds simply and without additional efforts, only under the condition that they keep a certain amount on their pension or social account, Oleg Klymenko, a Board member for the development of retail business of OTP Bank, commented on the innovation.

OTP Bank has implemented a 5% p.a. interest rate on account balances for all Visa “Osoblyva” pension cards and Mastercard social cards since September.

It means additional income for the Bank`s clientele over their card accounts balanced up to UAH 50,000.

“We understand that for a pensioner or a social benefits recipient, any possible type of income is important, especially in this extremely difficults period, there are no small amounts for them. So we decided to give such clients the opportunity to obtain additional funds simply and without additional efforts, only under the condition that they keep a certain amount on their pension or social account,” Oleg Klymenko, a Board member for the development of retail business of OTP Bank, commented on the innovation.

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.

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