OTP Bank confirmed to be systemically important bank in 2022
For the fourth year in a row, OTP Bank enters the list of systemically important banks based on the results of the annual review by the National Bank of Ukraine, according to the NBU website. The regulator included 14 institutions in the list in total this year.
Systemically important banks have a significant impact on the country's financial system, usually offer an expanded list of operations and services of varying complexity, characterized by a significant amount of capital and assets. Increased requirements have also been set for systemically important banks to ensure their increased stability.
To recap, in 2019, according to the decision of the NBU, OTP Bank was included in the list of systemically important banks of Ukraine consistently maintained this status during recent years.
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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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