The credit rating of OTP BANK remains at the uaAAA level, the forecast is stable - Credit Rating
On November 25, 2024, the independent rating agency Credit Rating confirmed the long-term credit rating of OTP BANK JSC at the uaAAA level. The rating forecast remains stable.
"A borrower or a separate debt instrument with a uaAAA rating is characterized by the highest creditworthiness compared to other Ukrainian borrowers or debt instruments. A stable forecast indicates that there are currently no prerequisites for a rating change during the year," – noted Credit Rating.
To carry out the credit rating update procedure, the agency used the Bank's financial statements for 2022-2023 and I-III quarters of 2024, as well as internal information provided by the financial institution during the rating process.
To remind, the previous rating update for OTP BANK took place on June 25, 2024. The bank maintains its position at the highest level of uaAAA and the forecast is stable.
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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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