Nadra Bank’s retail deposit portfolio exceeded UAH 3 billion

Nadra Bank’s retail deposit portfolio exceeded UAH 3 billion as of the end of the first quarter of 2013, with around UAH 1 billion attracted over the last six months.Nadra Bank’s retail deposit portfolio exceeded UAH 3 billion as of the end of the first quarter of 2013, with around UAH 1 billion attracted over the last six months.

“It’s an important milestone and a result of excellent teamwork at the Bank. Achieving these figures was made possible thanks to the introduction of a whole new range of attractive retail banking products, as well as due to our individual approach to understanding the needs of our clients,” noted Sergey Kozlov, Nadra Bank Retail Business Director. “Moreover, the significant increase in longer deposit terms once again shows evidence of the public’s increasing trust in the banking system. That means depositors are not afraid to entrust their money to the banks for longer terms.”

Nadra Bank’s Financial Tourism campaign, which was launched last autumn, offering currency deposits for three months at 11% per annum, has already boosted the bank’s deposit portfolio by UAH 675 million. The next stage of this campaign, which started in the middle of March, offers rates of 11% per annum in US dollars, 9% per annum in euro, and 20% per annum in hryvnias, with deposit periods of 6, 9 or 12 months. Just two weeks since the start of this stage of the campaign, Nadra Bank’s retail deposit portfolio has risen by UAH 86.3 million.

According to Nadra Bank’s retail business development plans, its retail deposit portfolio is expected increase in volume to UAH 4 billion by the end of 2013.