Highest creditworthiness and stable outlook: OTP BANK's credit rating confirmed at uaAAA
The independent rating agency "Credit-Rating" announced the confirmation of the long-term credit rating of OTP BANK JSC at the level of uaAAA. The forecast is stable.
As the agency explained, this means that OTP BANK has the highest creditworthiness compared to other Ukrainian borrowers or debt instruments. The stable outlook indicates that there are currently no prerequisites for a rating change during the year.
At the end of 2023, Credit-Rating upgraded OTP BANK's rating to uaAAA with a "developing" outlook. However, last summer, the outlook changed to stable and remains so to this day.
To remind, 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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