OTP Bank received an award for expanding the line of instruments for the capital markets of Ukraine
The National Depository of Ukraine together with PSC "Settlement Center" and the Professional Association of Capital Markets and Derivatives presented OTP Bank with the award "For expanding the line of instruments for capital markets of Ukraine". Anton Kovalenko, Director of the Treasury and Financial Markets Department of OTP Bank received the personal award "For active participation in the creation of new products for capital market of Ukraine".
The awards were handed over recently during the event "Conference of Capital Markets of Ukraine: Prospects and Realities in the Modern Digital World". The participants discussed the legal framework readiness to stimulate innovation, cloud technologies for capital markets, new tools and market products, overcoming restrictions on admission and circulation of foreign securities, etc.
“OTP Bank's Global Markets team takes an active position not only in the financial products development for the bank's clients, but also promotes the new products for the Ukrainian capital market. Over the last year, with our active participation, a REPO with a Central Counterparty was introduced to the Ukrainian market. We understand that this is not a new product for global markets, but it’s a big step for Ukraine,” — the Director of the Treasury Department of OTP Bank A.Kovalenko said.
According to him, the OTP Bank team understands the importance of such a product for the development of the local securities market, thus Bank together with other participants in the capital market of Ukraine formed an initiative group that worked on the necessary technical and regulatory changes.
A. Kovalenko stressed that a necessary stipulation for the development of capital market is the existence of investors. At the same time, the banker stressed, the local market cannot offer Ukrainians a sufficient number of quality investment tools: "That’s why the changes were proposed to the Ukraine’s legislation, which allows Ukrainian investment firms to fill client’s orders on global Stock exchanges."
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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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