In October, Ukrainians, taking into account the re-registration, placed in Bank Credit Dnepr more than 3.6 thousand deposits in the amount of 452 million UAH. The total portfolio of individuals' funds, including balances on accounts and cards, exceeded UAH 4 billion.
The market trend for lowering deposit rates, especially for short-term deposits, motivates clients to place their funds for longer periods in order to maximize profitability. Yes, today the portfolio of financial institutions for 87% consists of deposits for a term of six months or more.
"Reducing deposit rates and extending the terms of deposit placement is a positive trend both for the banking system and for the economy as a whole," said Oleksandr Stetsko, head of the development of products and projects for the retail business of Bank Credit Dnepr. - Banks can effectively deploy cheaper and longer resources in active operations, lending business and population, increasing domestic investment, revitalizing production and domestic demand, the main drivers of economic growth. Customers, like banks, took their lessons from the banking crisis, burned up at super-high rates. Now, reliability and reputation have come to the fore when choosing a financial institution for placement of funds. Our bank, offering one of the best in the market of deposit programs, guarantees high reliability of saving of funds and service of the highest quality for each client ".
The bank notes: in the current Ukrainian realities, bank deposits remain the most simple, convenient and effective tool for protecting the population from inflation, their reliable preservation and multiplication.