On July 26, 2016 "OTP Capital" asset management company turned nine years old. Currently the company manages assets of 6 mutual and 3 venture funds, assets of insurance companies and 2 non-state pension funds, totaling UAH 285 mln.
Over the past year, the company increased its total assets under management by 47%, mostly due to an increase in pension assets, as well as due to the growth of venture capital and insurance assets under management. In particular, "OTP Capital" manages the assets of the largest pension fund by number of participants in Ukraine "Magistral" and "OTP Pension", which became the third largest open pension fund in Ukraine in terms of assets. The company also continued to deepen its cooperation with the insurance market, which ultimately allowed "OTP Capital" to dominate the insurance asset management market.
The company pays a lot of attention also to its mutual funds. In particular, excellent results were shown by "OTP Invest+", which earned its clients 32.8% per annum, and the absolute leader by return is "OTP Valutniy", which brought its investors 235.28% over 2 years, protecting their capital from UAH devaluation.
"Last year was successful for our company. Our results satisfied not only our shareholders, but, most importantly, 355 000 people and dozens of companies that trust us with their money. We will continue to work hard for the success of our investors in conditions of dynamic Ukrainian financial market" - says Grygorii Ovcharenko, CEO 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 6 public mutual funds, 3 venture funds, reserves of insurance companies and 2 non-government pension funds. Total assets under management: UAH 285 mln.
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.