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OTP Bank entered TOP-3 in the banks’ financial reliability ranking by YouControl

21/ 02/ 2022
  OTP Bank is in the top three leading banks in the ranking of Ukrainian banks’ financial reliability, which was compiled by the YouControl analytical system. According to the companys website, the bank ranked third in the 4th quarter of 2021. In particular, YouControl website notes that the probability of adverse financial consequences in OTP Bank is low, while financial stability is at high. FinScore is a scoring index of a bank’s financial reliability, which is based on 25 indicators and calculated by the analytical department of YouControl. Among the indicators used are NBU ratios and financial indicators, which comprehensively reflect the state of banks’ liquidity, capital adequacy, profitability, credit, investment and currency risks. Since the index is used primarily for the comparison with competitors in the Ukrainian market, it is not sensitive to system-wide amendments. In other words, the index reflects the financial status of a bank relatively to other players in the sector, and based on it, users can quickly make a decision about the need for further in-depth research or get ready-made information how financially stable and, accordingly, reliable a bank is. 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.

OTP Bank is in the top three leading banks in the ranking of Ukrainian banks’ financial reliability, which was compiled by the YouControl analytical system. According to the company’s website, the bank ranked third in the 4th quarter of 2021.

In particular, YouControl website notes that the probability of adverse financial consequences in OTP Bank is low, while financial stability is at high.

FinScore is a scoring index of a bank’s financial reliability, which is based on 25 indicators and calculated by the analytical department of YouControl. Among the indicators used are NBU ratios and financial indicators, which comprehensively reflect the state of banks’ liquidity, capital adequacy, profitability, credit, investment and currency risks. Since the index is used primarily for the comparison with competitors in the Ukrainian market, it is not sensitive to system-wide amendments. In other words, the index reflects the financial status of a bank relatively to other players in the sector, and based on it, users can quickly make a decision about the need for further in-depth research or get ready-made information how financially stable and, accordingly, reliable a bank is.

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.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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