Yaroslav Kolesnik and Kshyshtof Kuzhbik

Chairman of the Board of "Forum" bank Yaroslav Kolesnik, in the center, and Member of the Board of Forum Bank, responsible for retail banking, Kshyshtof Kuzhbik, right, during the news conference, devoted to launching of an innovative deposit program "Ten Days", in Kyiv, on Thursday, April 16 of 2009. At the news-conference, "Forum" bank has represented a new proposal how to store money of their clients. The new deposit product "Ten Days" combines in itself a maximum high annual profitability and an operative access to money. Yaroslav Kolesnik, the bank's Chairman of the Board, has claimed that to create "Ten Days" product the bank has changed the approach to elaboration of bank products, existing in Ukraine. The above product is elaborated, taking into account the clients' wishes. Mr.Kolesnik considers that in the nearest time the other banks will start elaborating their services, taking into account clients' needs. "Ten Days" is a deposit program, meant for 361 day, i.e. a long-term one. The main program's advantages are the client's access to his money every 10 days and an automatic prolongation without loss of interests in the first and in the last day and without loss of time for prolongation. A deposit agreement is elaborated in a way, not contradicting to the NBU's ban on early termination of the contract. After a regular cycle a depositor has a choice: either to take his money away or to continue receiving interests. Besides, the above deposit has a bonus interest rate for the client's cooperation with the bank during 10, 20, 30 and 36 cycles. "Ten Days" is not the first product in a line of the bank's innovative decisions. The product "Free Movement", represented five months ago, have already become one of the most popular in the market and allowed the bank to attract over UAH1 billion. Photo by Aleksandr Sinitsa/UNIAN