Business news from Ukraine

Business news from Ukraine

OTP BANK sold to customers government bonds from its own portfolio for almost UAH 600 mln in equivalent

5 September , 2024  

JSC OTP BANK sold domestic government bonds (OVDP) from its own portfolio for UAH 573 million in equivalent to its individual customers through the OTP Bank UA application. This was reported by Valeria Ovcharuk, product owner of OTP Bank.

“The bank offers ample opportunities to purchase government securities and allows you to choose the optimal bond rate and maturity. You can buy government bonds in the app at any convenient time. This is an effective tool that allows not only to support the financial stability of Ukraine in times of war, but also to diversify your savings and receive additional income in both hryvnia and foreign currency,” said Ms. Ovcharuk.

The service is available in the OTP Bank UA application to all individuals who have opened a securities account in any branch of the Bank. The easy-to-use interface allows you to make a reliable and profitable investment in your future in just a few clicks, as the repayment of government bonds is 100% guaranteed by the state.

In total, since the beginning of 2024, OTP Bank’s individual clients have purchased government bonds for almost UAH 3.7 billion.
It should be reminded that the service of purchasing government bonds from its own portfolio in the OTP Bank UA application was launched at the end of May 2024. At the same time, the Bank allows its customers to buy bonds directly at auctions of the Ministry of Finance through the app.

To learn more about investing in domestic government bonds, please follow the link.