OTP Bank’s Capital Adequacy Level Exceeds More than Two Times NBU Requirements, — V. Mudryi
The level of OTP Bank’s capital adequacy exceeds 20%, which is more than two times higher than the minimum requirements of the NBU, CEO of OTP Bank Volodymyr Mudryi said in an interview with the Financial Club.
"We plan to maintain capital adequacy at the highest possible level. Operationally, we remain a profitable bank. The situation is similar with liquidity - today it is sufficient, the coverage ratio exceeds the required minimum set by the regulator by more than one and a half times," the banker noted.
According to him, OTP Bank has applied for NBU refinancing only once since the beginning of the full-scale war in February. "But then the situation seemed completely unpredictable and uncontrollable. Though, we returned it very soon because we did not need it. Now, the liquidity allows operating without refinancing, moreover its cost now at new rates," the OTP Bank CEO said.
Currently, OTP Bank is reviewing plans for 2022, "we are confident in the viability of the business model. We will focus more on business development through the attraction of new clients - both individuals and legal entities, primarily engaged in foreign economic activity. Thanks to the OTP Group's expertise and accumulated service experience with international multilateral contracts, we can offer interesting individual solutions for such clients," V.Mudryi emphasized.
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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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