OTP Capital is the market leader in asset management of insurance companies
By the results of 2013 ”OTP Capital” is recognized as the market leader in asset management of insurance companies according to ”Insurance TOP” journal ranking. Presently the company has asset management contracts with five insurance companies. The company not only manages assets, but also participates in innovative insurance product development. For example, at the end of 2013 “OTP Capital” and “TAS” insurance company have developed unique for Ukrainian life insurance market investment product “TAS-Invest”, which became the first unit-linked product in Ukraine. It’s designed to provide higher yield than bank deposits, while having guaranteed return of invested money.
“We are pleased to receive this recognition of our work in the insurance market. Cooperation with insurance companies is our priority and the most promising area of business. The main goal of this collaboration – significant increase of yield of insurance reserves and assets” – said Taras Yeleyko, Head of Investment Department of “OTP Capital”.
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group in Ukraine. The company provides a wide range of high quality investment services to both corporate clients and individuals and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 4 venture funds, reserves of insurance companies and non-government pension fund. Total assets under management: UAH 177.7 mln. License of NCSSM AD №075876 from 28.09.2012.
Public joint stock company 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. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.