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OTP Bank to pay UAH 1.2 bln dividends for 2020

05/ 05/ 2021
  The Supervisory Board of OTP Bank in Ukraine has decided to pay UAH 1.2 bln dividends for 2020. This decision was made after the approval of the bank’s annual report and financial results in 2020 at the Supervisory Board meeting. Based on 2020 results, the banks profit amounted to UAH 1.7 bln against UAH 2.3 bln in 2019. At the same time, the banks net interest income increased by UAH 137.5 million, and the total loan portfolio - by UAH 1.3 bln compared to 2019 and as of December 31, 2020 amounted to UAH 3.6 bln and UAH 31.3 billion, respectively. OTP Bank’s net fee and commission income remained practically unchanged compared to the previous year and amounted to UAH 1.2 bln against UAH 1.3 billion. The main increase in the loan portfolio took place due to legal entities financing, portfolio to which grew by 13.2% (UAH 2.5 billion) to UAH 21.8 billion. Totally, OTP Banks assets increased over the past year by more than 30% (UAH 14.2 billion) and almost reached UAH 60 billion. That ensured the Bank’s place in the TOP-10 Ukrainian banks in terms of assets. The maximum growth in 2020 was shown by the OTP Bank’s deposit portfolio, which increased by 35% (UAH 12.4 billion) and reached UAH 47.8 billion. Out of these the legal entities funds amounted to UAH 28.4 billion, which exceeds by 37% (UAH 7.7 billion) the 2019 level. Private individuals funds in the bank grew by 32% (UAH 4.8 billion) and reached almost UAH 20 bln in 2020. The regulatory capital increased by 26.4% (UAH 1.8 billion) to UAH 8.6 billion, which ensured the 25.4% of OTP Bank’s capital adequacy against 24% at the end of 2019 (while its necessary minimum equals to 10%). Volodymyr Mudryi. the OTP Bank CEO According to the OTP Bank CEO, Volodymyr Mudryi, the financial institution headed by him remains one of the most profitable in Ukraine despite the difficult conditions for doing business in 2020 and entered TOP-5 of all banks in the country and the TOP-3 non-state banks in terms of profit. “The financial result is really significant and we plan to increase it. However, at different stages of development and under different market conditions, it is worth using other indicators of success achievement in the banking business. Today we pay more attention to the gross income generated by OTP Bank,” the banker emphasized. More details about the OTP Bank’s results in 2020 are here https://en.otpbank.com.ua/about/informations/annual-reports Joint Stock Company OTP BANK - one of the largest 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.

The Supervisory Board of OTP Bank in Ukraine has decided to pay UAH 1.2 bln dividends for 2020. This decision was made after the approval of the bank’s annual report and financial results in 2020 at the Supervisory Board meeting.

Based on 2020 results, the bank’s profit amounted to UAH 1.7 bln against UAH 2.3 bln in 2019. At the same time, the bank’s net interest income increased by UAH 137.5 million, and the total loan portfolio – by UAH 1.3 bln compared to 2019 and as of December 31, 2020 amounted to UAH 3.6 bln and UAH 31.3 billion, respectively. OTP Bank’s net fee and commission income remained practically unchanged compared to the previous year and amounted to UAH 1.2 bln against UAH 1.3 billion.

The main increase in the loan portfolio took place due to legal entities financing, portfolio to which grew by 13.2% (UAH 2.5 billion) to UAH 21.8 billion.

Totally, OTP Bank’s assets increased over the past year by more than 30% (UAH 14.2 billion) and almost reached UAH 60 billion. That ensured the Bank’s place in the TOP-10 Ukrainian banks in terms of assets.

The maximum growth in 2020 was shown by the OTP Bank’s deposit portfolio, which increased by 35% (UAH 12.4 billion) and reached UAH 47.8 billion. Out of these the legal entities funds amounted to UAH 28.4 billion, which exceeds by 37% (UAH 7.7 billion) the 2019 level. Private individuals’ funds in the bank grew by 32% (UAH 4.8 billion) and reached almost UAH 20 bln in 2020.

The regulatory capital increased by 26.4% (UAH 1.8 billion) to UAH 8.6 billion, which ensured the 25.4% of OTP Bank’s capital adequacy against 24% at the end of 2019 (while its necessary minimum equals to 10%).

Volodymyr Mudryi

the OTP Bank CEO

According to the OTP Bank CEO, Volodymyr Mudryi, the financial institution headed by him remains one of the most profitable in Ukraine despite the difficult conditions for doing business in 2020 and entered TOP-5 of all banks in the country and the TOP-3 non-state banks in terms of profit. “The financial result is really significant and we plan to increase it. However, at different stages of development and under different market conditions, it is worth using other indicators of success achievement in the banking business. Today we pay more attention to the gross income generated by OTP Bank,” the banker emphasized.

More details about the OTP Bank’s results in 2020 are here https://en.otpbank.com.ua/about/informations/annual-reports

Joint Stock Company “OTP BANK” – one of the largest 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.

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