Piraeus Bank has introduced a service for the sale/purchase of government bonds by private individuals. Bonds may be purchased in UAH and in foreign currency for a period during which the terms of investment of funds are unchanged and this guarantees a stable income.
The director of Treasury Department of Piraeus Bank Igor Yakobchuk said: "The implementation of such a proposal provides our customers with an additional tool for investing and receiving investment income." In his opinion, today government bonds are one of the most attractive types of domestic investment instruments in terms of profit-risk ratio.
Government bonds are issued by the Ministry of Finance in hryvna, US dollars and euro in a non-documentary form exclusively on the domestic stock market and confirm the state's obligation to recover bearer bonds of their nominal value with payment of income in accordance with the terms of placement of bonds.
According to the words of Mr. I.Yakobchuk, head of treasure department of Piraeus Bank, the advantages of investing in OVDP primarily are higher than the deposits profitability with minimal risks, 100% state guarantee regardless of the size of the investment and the subject of investment (residents or non-residents), the absence of tax on incomes of individuals (in contrast to deposits income taxed at a rate of 18%).
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.