OTP Bank took the first place in the rating of primary dealers - non-state banks by volume of IGLBs purchase in 2021
OTP Bank within 6 months of the current year ranks first in the ranking of primary dealers by volume of IGLBs trade on the secondary market, according to the Ministry of Finance of Ukraine. In total, the rating includes 11 primary dealer banks. (Following the results of 2020 the bank took the second position in this rating).
In the overall rating of primary dealers (including primary and secondary market), OTP Bank took the first place among the commercial banks, as well as in the ratings of the volume of purchased IGLBs denominated in US dollars and euros. In the rating of the volume of purchased IGLBs denominated in UAH, OTP Bank took the second place among the commercial banks.
In the second half of 2020, OTP Bank ranked first among the commercial banks and third in the overall ranking in terms of purchases of IGLBs denominated in US dollars, and first and fourth place accordingly by volume of purchases of IGLBs denominated in hryvnia.
According to the Ministry of Finance, in the first half of the year the state budget attracted UAH 211.4 billion via IGLBs placement, in particular UAH 151.7 billion incl. via the placement of securities in hryvnia, UAH 46 billion —securities in dollars and UAH 13.7 billion – in euros correspondingly (in hryvnia equivalent). The largest amounts of resources were attracted to the budget through the sale of dollar and hryvnia IGLBs for a period of 1-3 years.
The status of the primary dealer provides the right to purchase IGLBs directly from the Ministry of Finance and place them among other market participants.
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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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