OTP Bank's net profit for the second quarter of the current year amounted to UAH 655.6 million
OTP Bank's net profit for the second quarter of 2021 amounted to UAH 655.6 million, that is UAH 16.4 million (3%) more than for the first quarter of the current year, reported the bank's press service with reference to the financial reporting department of the bank.
Net interest income increased by more than 10% and amounted to UAH 1.117 billion against UAH 1 billion in the first quarter and UAH 827.7 million for the same period in 2020. The bank's net commission income increased by 8% to UAH 323.4 million against almost UAH 300 million in the first quarter and almost UAH 260 million a year ago.
The increase in net interest income was possible, in particular, due to a significant increase in the bank's loan portfolio, which raised by UAH 3.8 billion (12%) in the second quarter, while in the first three months of 2021 it increased by UAH 600 million (2%). As a result, OTP Bank's total loan portfolio as of June 30, 2021, amounted to UAH 35.7 billion compared to UAH 32 billion in the first quarter of this year. This rise was mainly possible due to the increase in the loan portfolio of legal entities, which was boosted by more than UAH 3.5 billion and exceeded UAH 25 billion, individuals - by UAH 260 million to almost UAH 10 billion.
The total assets of OTP Bank amount to more than UAH 60 billion, regulatory capital – UAH 8.7 billion, the capital adequacy ratio is 21.87%.
Share these news with friends!
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.
Additional information
