In November, the deposit portfolio of individuals of the Bank's Credit Dnepr Bank increased by UAH 25 million
08 December 2017
In November, Ukrainians, taking into account the re-registration, placed in the Bank's Credit Dnepr more than 3.3 thousand deposits in the amount of 413 million UAH. Growth of the deposit portfolio for the month amounted to 25 million USD. The total retail deposit portfolio of the bank, taking into account current and card accounts, as of January 1, 2017 amounted to UAH 3.2 billion. The average term of placement is growing steadily: today the portfolio of financial institutions for 88% consists of deposits for a term of six months or more. The market trend of a steady decline in deposit rates motivates clients to place their funds for longer periods in order to record the maximum profitability.
"The growth of the retail deposit portfolio is a convincing evidence of the demand for our bank's deposit programs, and a high percentage of re-issuance of deposits - over 80% - indicates a decent assessment of service standards and a high level of customer confidence," says Oleksandr Stezko, Head of Product Development and Retail Development Department business of Bank Credit Dnepr. - Bank deposits, as before, remain for citizens the most simple, convenient and effective tool for the preservation and replenishment of funds, and their protection against inflation. For banks, however, this is a necessary resource for lending to business and the population, without which it is impossible to stabilize economic growth ".
For more detailed information on deposit retail offers of Bank Dnipro Credit you can see the link.