OTP Bank is in TOP-5 most stable banks of Ukraine according to NV
OTP Bank got in TOP-5 of the TOP-15 most protected from the shocks of the war Ukrainian banks rating, which was compiled by the NV publication together with the investment company Dragon Capital.
As the publication notes, country's most stable banks rating includes financial institutions with the most viable business models, sufficient reserves and high-quality assets.
In general, the rating was based on indicators in seven categories - capital adequacy, profitability, which includes return on capital, depositors' confidence, which is evaluated through the growth of deposits, asset quality, quality indicators - reputation, transparency of activity, balanced risk management, as well as - shareholder support. As the authors emphasize, belonging to a reliable business group or the state sector "significantly increases the possibility of obtaining additional financing in case of crisis situations." At the same time, "the ability and willingness of the owners to support the bank is assessed on the basis of professional judgment," the description of the rating says.
Earlier, Mind.ua published the stability of Ukrainian banks rating for 2022, according to the results of which OTP Bank was also included in the top five most stable banks in the country.
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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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