Annual interest rates on deposits rise to 24%

ProCredit Bank has raised its deposit interest rates for private clients to 24% p.a. for UAH deposits with terms of 1 to 3 months. The new rates apply from 25 February. For business clients, the basic interest rate for savings accounts in UAH has been raised to 10% p.a.

“When choosing a bank for deposits, it’s very important to understand what kind of operations the bank finances with the depositors’ funds. We, as a bank for small and medium business, continue to actively finance these firms. We have significantly increased the interest rate on deposits with terms from 1 to 3 months. This will allow us to continue supporting the business sector of Ukraine, which always needs well-timed financing,” comments Oleksandr Povshedniy, Deputy General Manager.

ProCredit Bank is a German bank specialising in financing and servicing small and medium business, and is one of the most reliable and stable banks for deposits in Ukraine. Strong backing from the bank’s shareholders, its membership of the international ProCredit group, and supervision by BaFin (the German Federal Financial Supervisory Authority) are all factors which guarantee ProCredit Bank’s stability and reliability.