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Companies will be able to open the VISA cards for its employees or credit finds on their accounts for free for 3 months

Piraeus Bank in Ukraine launches a special offer for legal entities and individual entrepreneurs, that will implement bank’s salary project from October, 1 to December, 31 2011. According to the offer’s terms, a legal entity or individual entrepreneur who wants to be serviced under the salary project on the tariff "Salary account-2" or "Salary account-3” can select one of two proposals for the duration of the action:

  • Special Offer 1 - within 3 months from the date of signing the contract for servicing within the salary project company can transfer funds to their employees’ accounts for free;
  • Special Offer 2 - within 3 months from the date of signing the contract for servicing within the salary project company can execute Visa Classic payment cards with chip to its employees for free.

After the expiration of the offer’s duration (90 days) the company will be served under the standard tariff of "Salary account-2" or "Salary account-3’’ chosen during the implementation of the salary project.

"Salary projects of Piraeus Bank in Ukraine help companies to simplify the process of paying salary to its employees as far as crediting of the employees’ accounts is made by using a simple software provided by bank. Funds are available for using in only 15 minutes after receiving and checking the statements and the payment order, - Olena Gorlushko, Piraeus Bank in Ukraine supervisor of cards product unit, said. - In the frame of "Salary account-2" and "Salary account-3" the company’s employees can get Visa Classic or Visa Gold payment cards with a chip at choice (with interest rate of 3% per annum accrued on the balance of account)."

Olena Gorlushko, Piraeus Bank in Ukraine supervisor of cards product unit:

Olena Gorlushko, Piraeus Bank in Ukraine supervisor of cards product unit: "In the frame of Piraeus Bank special offer companies can open VISA payment cards for their employees credit finds on their accounts for free for 3 months"

Employees of companies that are serviced under Piraeus Bank salary projects can also use the free Internet service "Piraeus Online Banking", which allows to make online payments and money transfers, and check the status of accounts quickly and easily, having only the access to the Internet”.
"In addition, employees of companies that have a salary card from Piraeus Bank in Ukraine can use the overdraft on their VISA payment card of up to 100% of their salary per month (minimum overdraft limit is UAH 1 000, maximum – UAH 20 000). One can use the credit funds on card in trade networks in non-cash payments, or when withdrawing cash from the ATMs. In addition, the cardholder can order SMS-informing and receive information about all transactions carried out by using the card, "- said Olena Gorlushko.

Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 57.7 bln and total equity of EUR 3.5 bln (as of 30.06.2011). 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. Business lending and mortgages are the bank’s priorities.
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 06.09.2011), 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 June, 21 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.

On September, 13 2011, the Securities and Stock Market State Commission has registered the Piraeus Bank’s share capital increase by UAH 785 mio to UAH 1,628 bln. Due to the share capital increase, JSC “Piraeus Bank ICB” has one of the highest reliability level among the banking institutions operating in Ukraine.

Piraeus Bank in Ukraine Press Service
Andriy Sakhno
phone/fax: +38(044)495-8888
e-mail: asakhno(at)piraeusbank.ua

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