OTP Bank will pay UAH 4.25 billion in taxes to the budget for 2024
OTP BANK JSC will pay UAH 4.25 billion in taxes and fees to budgets at all levels based on the results of 2024.
The largest portion of this amount is corporate income tax, amounting to UAH 3.426 billion. OTP BANK also contributed UAH 202.2 million to the Deposit Guarantee Fund. The remaining payments include VAT, local taxes, non-resident income tax, single social contribution (SSC), personal income tax (PIT), and military levy.
In December 2024, OTP BANK was included in the list of taxpayers with a high level of voluntary compliance with tax laws, known as the “White Business Club.” This list was compiled and published by the State Tax Service following the adoption of amendments to Ukraine’s Tax Code in April 2024.
“The fundamental principle of responsible business is to support the state’s economy and meet budget needs by paying taxes. In today’s realities, banks are among the largest taxpayers in Ukraine, and we understand our role and the importance of this mission,” - commented Chairman of the Board of the OTP BANK Volodymyr Mudryi.
The company LLC “OTP Leasing,” a member of the OTP Group in Ukraine, paid a total of UAH 247.2 million in taxes and fees for 2024. Of this amount, UAH 85.6 million was corporate income tax, while other taxes amounted to UAH 161.6 million.
It is worth noting that throughout 2024, OTP BANK made charitable contributions totaling over UAH 46 million. Of this, UAH 42 million was allocated to charitable foundations, including nearly UAH 12 million to the Superhumans Center, which provides prosthetics for Ukrainian heroes. Almost UAH 4 million under the OTP Bank Helps Ukraine program was directed toward helping orphans, large families, hospitals, and those affected by the war.
Share these news with friends!
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.
Additional information
