In November 2019, the Credit Dnepr Bank increased its retail client portfolio in UAH by UAH 60 million - up to UAH 1.98 billion. The financial institution's total retail portfolio, including current and card accounts, is UAH 3.3 billion, of which 60% is in national currency.
Time deposits form 72% of the portfolio of individuals' funds, of which about 70% of deposits are placed for a term of six months or more.
"The share of national currency deposits in our fixed-term deposit portfolio has grown from 47 to 60% since the beginning of the year, which is ahead of the market average and fully in line with our business strategy, enabling us to further develop credit programs for businesses and individuals," he says Oleg Pakhomov, Deputy Chairman of the Board - Director of Retail Business of the Bank Credit Dnipro. - Our clients prefer savings in UAH, taking into account economic and exchange rate trends, as well as significant difference in the yield of hryvnia and foreign currency deposits in financial planning. In November, the best dynamics were shown by deposits for a period of 6 months, which is quite logical, considering their profitability of 17.75% pa - one of the best market offers ”.
Credit Dnipro Bank proposes to make a deposit for a period of 23 to 450 days in UAH and 90 to 719 days in foreign currency in any branch or remotely through the FreeBank online banking system, which is encouraged by an additional 0.5% in UAH and 0 rates , 2% - in US dollars. The minimum deposit amount is only 500 UAH, 100 USD, 100 EUR for FreeBank registration. Interest payment scheme - monthly or at the end of the deposit - the client chooses independently, taking into account their priorities and financial plans. Automatic deposit prolongation can be made an unlimited number of times under the current rate as of the date of prolongation, if the depositor does not decide to refuse this option. If desired, the depositor can open the Unlimited Classic card free of charge, which includes a current account in the currency of the deposit, which accrues interest and returns the full amount of the deposit upon its expiration, Visa Classic payment card, as well as access to the FreeBank Internet banking system.
You can find more detailed information about deposit offers of the Credit Dnepr Bank at the link