In February, Ukrainians trusted Bank Dnipro Credit for 4.7 thousand deposits

14 March 2017

In February 2017, subject to re-registration, depositors placed in the Bank's Credit Dnepr 4.7 thousand deposits in the amount of 731 million USD. The volume of retail deposit portfolio is about 4 billion USD. Among the main trends of the deposit market last month - a gradual decline in deposit rates. Bankers emphasize that similar trends will continue in the spring.

The Bank's clients' preferences remain unchanged in terms of urgency and placement period. The largest income investors receive from deposits with a fixed payment date for a period of 6-12 months. Accordingly, today, 98% of the Bank's Credit Dnepr portfolio is a term deposit and more than half of the portfolio - deposits for a period of 180-365 days.

"In general, the deposit market trends in Ukraine remain the same. Decrease of interest rates for all types of deposits continues, and our bank develops in accordance with such tendencies. The confidence of Ukrainians in financial institutions remains at a rather high level, and even political turbulence, which is still happening in Ukraine, is no longer causing such a psychological effect on the mood of depositors, as it was in 2014-2015, says Andriy Moisyenko, deputy chairman Board of Directors of Credit Dnepr Bank. - The financial market is virtually cleared from troubled participants, top players are targeting the activation of retail and corporate lending. This explains the policy of Ukrainian banks to further reduce deposit rates, which will allow to reduce the cost of credit for borrowers and where to support the national economy more fundamentally, supporting it with raising finance ".


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