A unique service from OTP Bank: purchase of state bonds at the Ministry of Finance auction from a mobile application
OTP Bank became the first bank to offer its customers access to a unique service: the ability to buy bonds of the domestic state loan directly at the auctions of the Ministry of Finance of Ukraine through the OTP Bank UA mobile application.
“Our goal is to make the securities market in Ukraine massive, so that as many clients as possible feel its advantages, learn to use this investment tool, get access to quality services and support the economy, because buying state bondsis a help to the state. To do this, we implemented the service in digital. Now you can buy bonds at the auctions of the Ministry of Finance from the comfort of your own home, in a few clicks, using our OTP Bank UA mobile application. At the same time, make a profitable and reliable investment in the future, since the repayment of the state bonds is 100% guaranteed by the state”, said the OTP Bank Board Member for Retail Business Development Oleh Klymenko.
According to him, OTP Bank is a permanent leader among the primary dealers of the Ministry of Finance. “Therefore, our clients will have the opportunity to be the first to go to the auction, immediately after the announcement by the Ministry of Finance, to buy securities on the open market, at the price from the ministry,” the banker emphasized.
He noted that the minimum investment amount was set at a level that would provide access to investing for the widest range of clients: from $1.000. / 1.000 euros / 10 000 UAH. The yield of state bonds is determined during each auction conducted by the Ministry of Finance of Ukraine and is approximately: 17%-19% per annum in hryvnias, 4%-4.5% in US dollars, 2.5%-3% per annum in euros.
The unique service is available online to all clients who have opened a securities account at any OTP Bank branch.
To learn more about how to use the new service and the conditions for purchasing OVDP, follow the link.