The 5th edition of “Money Road” brings new visitors to OTP Bank. The event, organized annually by the National Bank of Moldova on Moldovan Leu Introduction Day, aims to inform students about the efficient management of financial resources and the role of banks in the economy.
This year, the OTP Bank headquarters resounded with the questions of 28 students of the “Ginta Latina” High School from Chisinau. The young people took part in a guided tour of the headquarters, following the journey of a bank client. Discussing how OTP employees ensure customer service from daily transactions to granting a loan, the students explored possible careers within the bank.
Following the guided tour, the bank’s partner – “OK” Financial Education Foundation organized a financial planning workshop. Two teams of students competed in developing the best personal budget. The importance of planning and rational use of resources was highlighted by the high percentages proposed for savings and investments – 30% of income. Moreover, the students already have ambitious plans for their own businesses, the most frequently mentioned areas including trade and IT.
“Every year we actively get involved in the “Money Road” campaign because it is a great opportunity for children to discover how the economy works at the macro level. We, as trainers, intervene at the micro level – supporting them to discover those methods of economic activity that will not only bring them income but also ensure their long-term financial freedom,” added Victoria Iordachi, trainer at the OK Foundation.
“Our goal at the Foundation is to train children and young people in developing practical knowledge and skills. Exercises such as budget planning or simulating the financial management of a company offer them this. During each session, we encourage students to work with us on their own ideas, discussing best practices,” said Valentin Creciun, OK Foundation trainer.
OTP Bank has been participating in the “Money Road” campaign since its launch in 2019. In the same year, the bank became the founder of “OK” Financial Education Foundation. To date, 24,000 children, youth and adults have benefited from the Foundation’s free courses.
