Especially for the new depositors Piraeus Bank in Ukraine has developed a flexible instrument for reliable short term funds placement for with high interest rate, deposit “Sky High”. In particular, the new deposit program provides placement of client’s free funds for up to four months with monthly interest payments. Moreover, the longer the term of the deposit is, the higher the interest rate will be, starting from 14% per annum in hryvnya for the first month to 22% for the fourth month.

New deposit has very loyal terms of early withdrawal and allows depositors to earn high interests. It is important for those clients, who want to have the opportunity to withdraw their money, if necessary, and at the same time not to lose the interest on the deposit. Thus, interest for the full months of funds placement will remain, and the interest for the last unfinished month will be counted under the lowered interest rate, 10% per annum. “To early withdraw the full amount of the deposit one should apply to the bank with written application in 2 working days before the desired date of getting the funds”, Deputy Director of Retail Banking Department Oleksandr Gnilenko explains.

Oleksandr Gnilenko, Piraeus Bank in Ukraine Deputy Director of Retail Banking Department: "New deposit allows depositors to earn high interests. It is important for those clients, who want to have the opportunity to withdraw their money, if necessary, and at the same time not to lose the interest on the deposit".

Interests on deposit are paid monthly and transferred into specially opened account with requisites specified in the contract of the bank deposit. The minimum sum of the deposit is UAH 3,000.

“Deposit “Sky High” is designed for our clients, who wish to increase the amount of their deposit portfolio, as well as for those who place their surplus funds for the first time in our bank, O. Gnilenko says. – We offer them to value the advantages of the new deposit program, and the European level of service and the reliability of our bank”.

For opening the deposit account please address the Bank branches. To open an account one should take a passport or the document that replaces it, and the inquiry on assignment of identification number of the payer of taxes (for residents), or the document which confirms an origin of funds (for non-residents).

For detailed information about deposit "Sky High” please, phone the call centre: 0 800 30 888 0 (calls from stationary phones within Ukraine are free of charge).

Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 74 bln (after the absorption of the good part of the Agricultural Bank of Greece ATEbank as of 27.07.2012). Established in 1916, Piraeus Bank today is presented in 10 countries.

In Ukraine Piraeus Bank is established since 2007. The Bank is a member of Fund of Guaranteeing the Deposits of Individuals (license #25).

Net assets of Piraeus Bank in Ukraine amount to UAH 3.5 bln, share capital to UAH 1.628, regulatory capital to UAH 837 mln as of 01.06.2012.

Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 21.06.2012), 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 21.06.2012). 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.

The Bank is a member of Association of Ukrainian Banks, Forum of Leading International Financial institutions (FLIFI), 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 in Ukraine Press Service
Kateryna Kalynovska
cell: +38(067)688-62-14
e-mail: kkalynovska{at}piraeusbank.ua