Address of OTP Bank’s in Ukraine board
Dear clients and partners,
OTP Bank does always follow Ukrainian and international law norms in its activities. It runs responsible business aimed at the long-term relations with its clientele and the Ukrainian economy growth. This National Bank of Ukraine decision to recognize OTP Bank as a systemically important bank has confirmed this. Therefore, OTP Bank continues to fulfill all its obligations, make payments and issue new loans.
Now some media deliver incorrect information about the Bank activity in the russia market. In connection with this, we inform you that OTP Group has drastically reduced its presence in the ru market during 2022: its market share was decreased to 0.17%; lending to legal entities was stopped; the corporate credit portfolio was reduced by 75%. OTP Group stated repeatedly that it was looking for the opportunities to exit the russian market, in particular, with the help of Rothschild Martin Maurel consultants. However, the sale procedure is currently blocked legally. The information about the legal entities "L/DNR" recognition, as well as about the preferential loans delivery to russian militaries is not correct! At the same time, OTP Group`s Management expresses its support for Ukraine publicly. The management of OTP Bank in Ukraine strongly condemns the war; our colleagues defend our country on the front line. OTP Bank and OTP Leasing also provided material support for the Ukraine`s defenders, hospitals, and orphanages for the whole amount of more than UAH 1 Mio. OTP Bank has already purchased government bonds for over UAH 5.5 bln to finance government expenditures. We, OTP Bank Ukraine, will continue to do everything possible for the Victory of Ukraine!
Glory to Ukraine!
Management Board Of OTP Bank Ukraine
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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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