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PJSC "Ukrsotsbank" introduces a new type of deposit - "Classic New"

02.12.2011

Starting from December 1, 2011 PJSC "Ukrsotsbank" introduces a new deposit - "Classic New". Terms of deposit are the following:

  • Deposit term - 12 months + 1 day;
  • Currency - hryvnia, dollar, euro;
  • The minimum amount of deposit – UAH 2 000, USD/EUR 200;
  • Addition to the deposit - is not allowed;
  • Interest payment - in the end of the period;
  • Interest rate - fixed.

Interest rate depends on the deposit currency.

Olga Shostak, Head of wealthy clients department of PJSC "Ukrsotsbank": "Among the advantages of the deposit is that it can be opened for one year, but the client may prematurely terminate this type of deposit having more favorable terms than it was earlier. For each full period - 3, 6, 9 months, the customer will receive a fixed income according to the full interest rate. For example, a customer places funds planning to withdraw them after 3 months. After this period client has changed his decision and decided to wait for another 3 months. As a result, if the deposit is terminated within 6 months after the date of signing the contract, the customer will receive better income than if he places deposit 2 times within 3 months period. This deposit is also convenient as it does not require spending time on transferring. If the client, as the above example shows, has changed his mind about the withdrawal, the deposit continues to work on our client without any additional time spending for transferring, as it could be in situation with a short-term deposits."

Partial early repayment is equal to the premature return of the entire deposit amount.

More detailed terms are available: "Classic New"

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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