Credit Dnipro Bank increased its retail portfolio of term deposits in UAH by UAH 19 million in the third quarter
11 October 2019
In July-September 2019, Credit Dnipro Bank increased its retail portfolio of term deposits in UAH by UAH 19 million - up to UAH 1.4 billion. The best dynamics were demonstrated by deposits for 3, 6 and 12 months. The financial institution's total retail portfolio is UAH 3.3 billion, of which 58% is national currency deposits. Time deposits form 72% of the portfolio of individuals' funds, of which more than 70% of deposits are placed for a term of six months or more.
“Since the beginning of the year, the share of national currency deposits in our bank has increased from 51 to 58%, which is even slightly ahead of the market dynamics,” says Oleg Pakhomov, Deputy Chairman of the Board - Director of Retail Business of Bank Credit Dnipro. - This is a natural result of the hryvnia-oriented pricing policy as a key resource for lending: the return on deposits in hryvnia reaches 17.75% pa, which is one of the best deals on the market. The steady decline in inflation will motivate banks to lower deposit rates. So now is the perfect time to capture high returns and make money work. ”
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 extension can be made for 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 after 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.