fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

OTP Bank tops the rating of primary dealers in terms of trading volumes of government bonds in the secondary market

09/ 04/ 2021
  OTP Bank took the first place in the rating of primary dealers in terms of trading volumes of government bonds in the secondary market in January-February 2021, having risen one position compared to 2020. This was reported by the Ministry of Finance of Ukraine with reference to the National Commission for Securities and Stock Market. In the overall rating of primary dealers in the 1Q2021, OTP Bank took the second place and became the first among non-state banks - primary dealers, in particular, in terms of trading volumes of government bonds denominated in hryvnia – the second place (the first one — among non-state banks) and in terms of the volume of government bonds denominated in US dollars and euros — the third position (the second one among non-state banks). According to A. Kovalenko, the Director of the Department of Treasury and Financial Institutions of AT OTP BANK, the bank works actively with clients over the purchase and sale of government bonds. “Today the governmental bonds are one of the most attractive investment instruments for clients with minimal risks, higher profitability compared to deposits with relatively comparable risks. Due to the REPO with risk control product tool, clients got access to relatively inexpensive and quick liquidity. Clients, owners of government bonds, can quickly get hryvnia liquidity without selling their securities,” the banker notes. According to the Ministry of Finance, for the first quarter of 2021 due to the issue of government bonds state budget received UAH 118.7 bln (USD 4.3 bln), of which UAH 91.7 bln. by placing government bonds in hryvnia; UAH 24.6 bln (in hryvnia equivalent) - via the placement of government bonds in the amount of 0.9 bln dollars. USA and 2.4 bln UAH. (in hryvnia equivalent) - through the placement of government bonds in the amount of 0.07 bln euros. The status of a primary dealer provides banks with the right to buy government bonds directly from the Ministry of Finance in their own portfolio or at the request of other market participants. Joint Stock Company OTP BANK is one of the biggest Ukrainian banks with foreign capital, which is a recognized leader in the countrys financial sector. The bank provides a full range of financial services for corporate and private clients, as well as small and medium-sized businesses. It has been represented on the Ukrainian market since 1998, has a strong reputation as a socially responsible, reliable and stable structure offering consumers services of European quality. Its 100% owner is the largest Hungarian bank OTP Bank Plc. Since 2019, according to the decision of the NBU, OTP Bank has been included in the list of systemically important banks in Ukraine that have a significant impact on the development of the countrys financial system. In Ukraine, OTP BANK JSC acts as the flagship of the OTP banking group, registered by the National Bank of Ukraine, which also includes AMC OTP Capital LLC and OTP Leasing LLC. Follow OTP Bank news on social networks Facebook, Twitter, Youtube, Instagram, Telegram and Viber.

OTP Bank took the first place in the rating of primary dealers in terms of trading volumes of government bonds in the secondary market in January-February 2021, having risen one position compared to 2020. This was reported by the Ministry of Finance of Ukraine with reference to the National Commission for Securities and Stock Market.

In the overall rating of primary dealers in the 1Q2021, OTP Bank took the second place and became the first among non-state banks – primary dealers, in particular, in terms of trading volumes of government bonds denominated in hryvnia – the second place (the first one — among non-state banks) and in terms of the volume of government bonds denominated in US dollars and euros — the third position (the second one among non-state banks).

According to A. Kovalenko, the Director of the Department of Treasury and Financial Institutions of AT OTP BANK, the bank works actively with clients over the purchase and sale of government bonds. “Today the governmental bonds are one of the most attractive investment instruments for clients with minimal risks, higher profitability compared to deposits with relatively comparable risks. Due to the REPO with risk control product tool, clients got access to relatively inexpensive and quick liquidity. Clients, owners of government bonds, can quickly get hryvnia liquidity without selling their securities,” the banker notes.

According to the Ministry of Finance, for the first quarter of 2021 due to the issue of government bonds state budget received UAH 118.7 bln (USD 4.3 bln), of which UAH 91.7 bln. by placing government bonds in hryvnia; UAH 24.6 bln (in hryvnia equivalent) – via the placement of government bonds in the amount of 0.9 bln dollars. USA and 2.4 bln UAH. (in hryvnia equivalent) – through the placement of government bonds in the amount of 0.07 bln euros.

The status of a primary dealer provides banks with the right to buy government bonds directly from the Ministry of Finance in their own portfolio or at the request of other market participants.

Joint Stock Company “OTP BANK” is one of the biggest Ukrainian banks with foreign capital, which is a recognized leader in the country’s financial sector. The bank provides a full range of financial services for corporate and private clients, as well as small and medium-sized businesses. It has been represented on the Ukrainian market since 1998, has a strong reputation as a socially responsible, reliable and stable structure offering consumers services of European quality. Its 100% owner is the largest Hungarian bank OTP Bank Plc.

Since 2019, according to the decision of the NBU, OTP Bank has been included in the list of systemically important banks in Ukraine that have a significant impact on the development of the country’s financial system.

In Ukraine, OTP BANK JSC acts as the flagship of the OTP banking group, registered by the National Bank of Ukraine, which also includes AMC OTP Capital LLC and OTP Leasing LLC. Follow OTP Bank news on social networks Facebook, Twitter, Youtube, Instagram, Telegram and Viber.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
0 Shares

Spelling error report

The following text will be sent to our editors: