S&P named OTP Group the most efficient among European banks
S&P Global Market Intelligence published its inaugural ranking of Europe’s best-performing banks, revealing OTP Group as Europe's top performer in 2023.
S&P Global Market Intelligence ranks Europe's 50 largest publicly traded banks by assets according to seven weighted financial metrics including return on average equity, net interest margin, noninterest income/average assets, cost-to-income, problem loan ratio, net stable funding ratio and common equity Tier 1 ratio to determine a relative performance score. More details via link.
In addition, the leading international magazine The Banker noted the member banks of OTP Group in its rating of the best banks in the world. According to the media, OTP Bank became the best bank in Bulgaria, Hungary and Serbia in 2023. OTP Bank in Slovenia became the second best bank in the country, and OTP Bank in Croatia took fourth place.
For its rating, The Banker analyzes a number of financial metrics, including: asset rating, total equity to assets, pretax income, return on equity, return on assets and amount to income.
The publication has repeatedly recognized OTP Group and its member banks. Therefore, in 2023, the Hungarian OTP Bank took first place in the rating of Central and Eastern European banks - The Banker's Top 100 Central and Eastern European (CEE) Banks 2023.
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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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