ProCredit Bank Increases Deposit Interest Rates for Private Individuals

ProCredit Bank has increased the deposit interest rates for accounts in national currency for private individuals. Depending on the customer’s needs, the bank offers highly advantageous interest rates on various types of account. For short-term savings, the bank offers a one-month local currency deposit account at 12% APR. For long-term savings accounts, ProCredit Bank offers its customers a three-month local currency deposit account with a progressive interest rate which can rise to 20% APR. The most advantageous investment at the moment is the 12-month local currency term deposit, which currently attracts a fixed interest rate of 17.5% APR.

“We explain our services simply and clearly, including what they cost; we talk about the bank as a whole and about our shareholders. All of our activities are guided by the principles of transparency and accountability and we have built up partnerships with lots of clients. We appreciate their trust and always fulfill our obligations to them – more than 38,000 depositors have entrusted their savings to us. Our new one-month term deposit affords the necessary flexibility, and the higher interest rates will contribute to the financial stability of our customers”- said Aleksei Tsymbalyuk, CEO of ProCredit Bank.

The activities of ProCredit Bank are aimed at supporting economic development. ProCredit Bank started operations in Ukraine in 2001 and since then the bank has grown from a financial institution concentrating mainly on lending to small and medium-sized enterprises (SMEs) to a well-established full-service bank – a recognised expert in providing banking services to SMEs as well as a reliable partner for depositors. ProCredit Bank’s steady and conservative approach allows it to provide sustainable, high-quality banking services.