From March 5, 2012 Piraeus Bank raised deposit rates on term deposits in hryvna for individuals on 0.5-1% per annum. In particular, the rates for "Standard" deposit for the tenor of 12 months increased on 1% to 17% -17.5% per annum depending on the amount of deposit. Rates for deposits "Pension" (up to 18% per annum for a tenor of 12 months), "Interests upfront" (to 14.75% for the placement of 6 months) and "Take it higher" (20% per annum) increased also.
Thus, for the deposits in national currency the customers of Piraeus Bank can receive up to 20% per annum in hryvna, up to 10% per annum in US dollars and up to 8% per annum in Euro.
Piraeus Bank also offers better conditions of funds allocation for the existing customers. Thus, a client who owns a pension account in the bank, or customer, who opened "Christmas mood" deposit, receives an increased rate on deposits (for 0.5% per annum). Also, when placing a deposit amounting to more than UAH 350 thousand, the interest rate on deposits "Standard" and "Pension" increases by 0.5% per annum.
Piraeus Bank deposits range is designed so that the bank’s customers can choose the exact type of placing their funds that meets their needs the best:
"We always follow market trends and try to offer our customers the best terms that allow us to satisfy the most demanding investors. Placing funds on deposit accounts in the bank with the highest rating of deposits’ reliability, customers multiply their money and protect them from devaluation", - Olexander Gnilenko, Piraeus Bank in Ukraine retail banking department deputy director, said.
Olexander Gnilenko, Piraeus Bank in Ukraine retail banking department deputy director "Placing funds on deposit accounts in Piraeus Bank that has the highest rating of deposits’ reliability, customers multiply their money and protect them from devaluation"
On March 2, 2012 Piraeus Bank received another confirmation of the highest rating of deposits’ reliability (score "5") from the country's biggest rating agency "Credit Rating". "Reliability is one of the main advantages of placing a deposit in Piraeus Bank", - Mr. Hnylenko said.
For more information on updated interest rates please contact any of the Piraeus Bank branches, call the Call Center (0 800 30 888 0) or send questions via the feedback form on the bank’s web site.
Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 55,6 bln and total equity of EUR 3,1 bln (as of 30.09.2011). Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.
In Ukraine Piraeus Bank provides a full range of banking services to individuals, small and medium enterprises and corporate clients. Piraeus Bank is a member of Association of Ukrainian Banks, Forum of Leading International Financial institutions (FLIFI) participant of the Fund of Guaranteeing the Deposits of Individuals. The Bank is also included in the list of banks authorized by the Pension Fund of Ukraine to make payments of pensions and financial assistance.
Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 02.03.2012), that shows the bank's capacity to make payments on existing deposits timely and in full. The Bank has «uaA» long-term credit rating with the forecast "stable" provided by “Credit-Rating” (updated on 22.12.2011). This long-term rating belongs to the group of investment ratings that is one of the highest ratings given to banks operating on the Ukrainian market.
Piraeus Bank in Ukraine Press Service
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