Businesses that today invest into development will be 30 steps ahead tomorrow – Alla Biniashvili
Investment financing is a top priority for OTP BANK, which is why the bank is focused on supporting entrepreneurs who are ready to grow and modernize their businesses. This told Alla Biniashvili, Member of the Management Board of OTP BANK JSC responsible for corporate business development, during her speech at the international Grain Ukraine conference held in Kyiv.
“Today, business clients fall into two categories: those who are postponing development until peace and stability return, and those who are already investing in the renewal and growth of their enterprises. The latter are still few, but they will be, figuratively speaking, 30 steps ahead of those who choose to stand still. Energy projects, land purchase investments, SME sector – there used to be few such deals, now there are more and more of them, and this is where we focus our attention. Last year, OTP Group in Ukraine provided over 5 billion in credit funds for farmers to purchase agricultural machinery,” – noted Biniashvili.
She also pointed out that the overall ratio of bank loans to Ukraine’s GDP remains low – around 15%, compared to 40% in neighboring countries like Poland, Hungary, and Slovakia.
“This speaks to the limited saturation of the economy with credit resources and a lack of demand for them. There are plenty of small credit deals, but when it comes to large-scale investment projects, Ukrainians are still hesitant,” she explained.
According to her, improving this situation requires greater stability, lower interest rates, insurance mechanisms, and support from international development funds.
OTP BANK was an official partner of the two-day Grain Ukraine international conference, which took place on May 29–30, attracting over 1,000 participants, including representatives of the Ukrainian government, global funds, international corporations, and owners of major businesses.
To remind, recently S&P Global has upgraded the ratings of OTP Bank from BBB-/A-3 to BBB/A-2. The bank's rating is now better than the sovereign credit rating of the Hungary.
OTP Group is the 4th most stress-resilient banking group in Europe, based on the European Banking Authority’s European banking stress test 2023. Also OTP Group leads The Banker’s 2023 and 2024 Top 100 CEE banks ranking.
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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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