OTP Bank took first place in a rating of primary dealers on volumes of IGLBs trade in hryvnia and US dollars based on the results of three quarters of the year
Based on the results of three quarters of the year, OTP Bank took first place in the rating of primary dealers by volume of IGLBs trade in UAH and USD in the secondary market, the Ministry of Finance of Ukraine reports. In total, the rating includes 11 primary dealer banks.
In the overall rating of primary dealers (including primary and secondary market), OTP Bank took second place among all banks.
According to the Ministry of Finance, during the three quarters of 2021, the state budget attracted UAH 260.8 billion via IGLBs placement, in particular UAH 190.9 billion incl. via the placement of securities in hryvnia, UAH 55.2 billion – securities in dollars and UAH 14.0 billion – in euros correspondingly (in hryvnia equivalent). The largest amounts of resources were attracted to the budget through the sale of dollar and hryvnia IGLBs for a period of 1-3 years. The status of the primary dealer provides the right to purchase IGLBs directly from the Ministry of Finance and place them among other market participants.
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.