In May, JSC OTP BANK introduces a new service – the sale of domestic government bonds in the OTP Bank UA application from the Bank’s own portfolio. Thus, the purchase of domestic government bonds will be available at any time, regardless of the date of the Ministry of Finance of Ukraine’s auctions.
According to Valeria Ovcharuk, OTP Bank product owner, the new service will give customers more opportunities to choose the optimal bond rate and maturity. “Last fall, OTP Bank provided its customers with the opportunity to buy domestic government bonds directly at auctions of the Ministry of Finance through the OTP Bank UA application. To offer even more opportunities for investing in government securities, we have developed a functionality that will allow individuals to buy government bonds from the Bank’s portfolio online. We conducted an internal study within the Bank, analyzed requests from our customers regarding the desired maturity and currency for investments, and based on this, we formed a portfolio of securities for sale. This way, customers will be able to combine the optimal rate and investment period. The service is at the testing stage and will be available to users in May,” said Ms. Ovcharuk.
She emphasized that buying government bonds in OTP Bank is convenient and fast. “Just a few clicks in the application and government securities are in your bond portfolio. At the same time, you are making a profitable and reliable investment in the future, as the repayment of government bonds is 100% guaranteed by the state. At the same time, it is an opportunity to help the Ukrainian economy,” emphasized Ms. Ovcharuk.
The service will be available online to all customers who have opened a securities account at any branch of OTP Bank.
As a reminder, according to the Ministry of Finance of Ukraine, OTP Bank was ranked fourth among Ukrainian banks in the overall rating of primary dealers in 2023.
The status of a primary dealer provides the exclusive right to participate in the placement of domestic government bonds conducted by the Ministry of Finance, both on its own behalf and for clients of individuals and legal entities, as well as banks and financial companies that do not have such a status.
To learn more about investing in domestic government bonds through the OTP Bank UA app, please follow the link.
