OTP Bank took the third place in the banks’ financial reliability ranking by YouControl
OTP Bank took the third place in the ranking of Ukrainian banks’ financial reliability FinScore by the analytical system of business intelligence YouControl according to 4Q2020 results, YouControl’s website has announced.
FinScore is a scoring index of a bank’s financial reliability, which is based on 25 indicators and calculated by the analytical department of YouControl. Among the indicators used are NBU ratios and financial indicators, which comprehensively reflect the state of banks’ liquidity, capital adequacy, profitability, credit, investment and currency risks. Since the index is used primarily for the comparison with competitors in the Ukrainian market, it is not sensitive to system-wide amendments. In other words, the index reflects the financial status of a bank relatively to other players in the sector, and based on it, users can quickly make a decision about the need for further in-depth research or get ready-made information how financially stable and, accordingly, reliable a bank is.
In general, according to YouControl analysts, in 2020 the banking system remained stable, demonstrating an increase in hryvnia deposits of the population and corporations.
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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.
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