Relying on the first quartile of 2020, OTP Bank has recorded 558, 7 million net profit

11.06.2020

Pursuing profitable operations with a focus on the asset balance preservation, terms, and high capitalizing indicators with regard to the IFRS financial report, relying on the first quartile of 2020, OTP Bank has recorded 558, 7 million net profit.

OTP Bank net commission income in the reporting period reached 290,4 million UAH, and net interest income of 950,9 million UAH.

Relying on the results of the first quartile, the OTP Bank assets have increased by 4,3 billion UAH, and reached in overall 49 billion UAH.

There was a surge to 39,4 billion UAH relying on the overall OTP Bank deposit portfolio in the first quartile, which represents + 4 billion UAH on a quarterly basis. Namely, the overall financial amount of an individual has increased to 22,7 billion UAH (+ 1,9 billion per quartile); individual account balances equal 16,7 billion, surged by 2 billion UAH from the beginning of the year.

OTP Bank loan portfolio, based on the results of the first quartile 2020 has increased by 1,2 billion UAH and equals 30,8 billion UAH. The credit amounts distributed by individuals in the first quartile reached 10,6 billion UAH.

OTP Bank regulatory capital equaled 7,6 billion UAH by the end of the first quartile (with a normative demand of no less than 120 million UAH). The regulatory capital adequacy ratio by the 1. April 2020 is a set of 24,15% (with a standard of at least 10%)

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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.