OTP Bank will pay UAH 4.8 billion for 2023 to the budgets of all levels
The total amount of taxes that OTP Bank will pay for 2023 is UAH 4.8 billion.
The largest part is the income tax - UAH 3.7 billion. The amount of the military levy for 2023 is UAH 32.6 million. The rest of the payments’ total amount is made up of VAT, local taxes, non-residents' tax, personal income tax, etc.
As a reminder, OTP Bank took the third place in terms of capital adequacy based on the results of the sustainability assessment conducted by the National Bank of Ukraine. Thus, according to the asset quality assessment indicators (AQR), the standard of capital adequacy (H3) in OTP Bank amounted to 7 billion 234 million UAH, or 19.09% at the required level of indicators of 7%.
Regulatory capital (H2) in OTP Bank is 12 billion 315 million UAH. The norm of its sufficiency is 32.5% at the required level of the indicator of 10%.
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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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