OTP Bank’s profit for the first quarter of the year almost reached UAH 1.5 billion
Profit of OTP Bank for the first quarter of this year almost reached UAH 1.5 billion, which is UAH 2.3 billion higher than the bank's financial result for the same period in 2022.
During this period, the assets of OTP Bank increased by UAH 3.4 billion to UAH 94.4 billion, of which the total loan portfolio according to the results of the 1st quarter of the current year amounted to almost UAH 36 billion, including UAH 29.3 billion to legal entities.
The resource base for the first quarter increased by UAH 1.7 billion and almost reached UAH 79.5 billion, of which more than UAH 55.6 billion were the funds of legal entities.
The regulatory capital of OTP Bank increased by more than UAH 1 billion and exceeded UAH 12.5 billion, the capital adequacy standard based on the results of the 1st quarter of the current year almost reached 33%, which is more than three times higher than the minimum regulatory requirements and by 5% higher than the indicator of the 4th quarter of 2022.
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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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