OTP Bank among the leaders: Mind edition compiled a banks' viability rating - 2024
OTP Bank took the leading position in the banks’ viability rating-2024, which was compiled by the Mind business edition. It received four out of five stars, and has one of the highest ratings among both state-owned and commercial banks with Ukrainian and international capital.
As noted on the website of the edition, the main indicator is rating category of the bank from 0.5 to 5 stars, therefore individual "winning" places have not been determined. This year, the category "4 stars" became the highest for banking institutions.
Mind's viability rating is traditional and has been conducted for several years in a row. It takes into account the most important factors of financial stability, such as the capital adequacy, the quality of the loan portfolio, the profitability of the bank's activities, liquidity, the systemic importance of the bank, etc. It is reported that the methodology also takes into account the economic ratios of banks' activities, which are calculated by the National Bank of Ukraine.
To remind, previously we reported that OTP Bank is in the top three banks in terms of capital adequacy according to the results of the stability assessment conducted by the National Bank of 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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