The First Ukrainian International Bank (FUIB) on Monday said retail deposits grew 3.7 percent in October.
In September and October, the bank added 1,500 new clients. The bank attributes this growth partly to a new deposit program called "Calm." It allows clients a maximum profitability of 11 percent in U.S. dollars, with 24 percent available in the Ukrainian hryvnia and 10 percent in euros.
“The success of the bank is conditioned with a high-quality deposit campaign, coordinated efforts of branch managers of the bank and cross-sale units that altogether helped achieve this result," Arkadiy Shider, deputy head of FUIB's crediting and deposits for retail department, said. "I want to specially underline the popularity of the 'Calm' program offered .. by the bank this autumn. This (program) was developed with maximum consideration of the current needs of customers who do not want to risk placing their money (somewhere) for the long term in the present (economic climate)."
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme