OTP Bank (Ukraine)

As of April 2018, the sole shareholder of the bank is Hungarian OTP Bank Plc.

Aktivs

OTP Bank is a member of the OTP banking group, which also includes the following as of April 2018:

• OOO OTP Factoring Ukraine,
• LLC "KUA" OTP Capital, "
• OOO OTP Leasing and
• OOO OTP Credit.

According to the National Bank of Ukraine, as of January 1, 2018, in terms of total assets, OTP Bank ranked 12th (UAH 29.822 billion) among 84 banks operating in the country.

Performance indicators

2022

Profit 597 million UAH at the end of the year

As a result of its work in 2022, OTP Bank JSC received UAH 597.1 million in profit, which is 4.6 times less than in 2021 (UAH 2.75 billion). This is evidenced by the bank's reporting data.

Bank deductions to reserves (primarily for a loan portfolio) in 2022 amounted to UAH 5.66 billion. At the same time, the positive result from revaluation and from purchase and sale operations amounted to UAH 810 million. The declared indicator of the adequacy (adequacy) of regulatory capital as of January 1, 2023 is 27.75%.

Loss 571 ml UAH in the 1st half of the year

OTP Bank for January-July 2022 reports a loss of UAH 571.1 million (for the same period in 2021 there was a profit of UAH 1.56 billion), Finbalance notes.

Thus, in July, he declares a profit of 212 million UAH, while in June there was a loss of 183.4 million UAH after a profit of 1.1 billion UAH in May and damage for April and March at the level of 879.55 million UAH and 834.5 million UAH, respectively.

The declared indicator of adequacy (adequacy) of regulatory capital by 01.08.2022 is 20.23%.

2021: Profit UAH 2.745 billion

OTP Bank for the entire 2021 declared a profit of UAH 2,745 billion.

2020: Reduction of net profit by 1.5 times to UAH 1.734 billion

On April 26, 2021, information appeared that the net profit of OTP Bank (Kyiv) at the end of 2020 amounted to UAH 1,734 billion, which is 1.5 times less than in the same period in 2019 (UAH 2.537 billion). According to the statements posted on the bank's website, its net profit for the fourth quarter of 2020 decreased 2.7 times to the corresponding indicator a year earlier (YoY) - up to UAH 224 million.

The net interest income of OTP Bank before the formation of the reserve for the year decreased by 4% YoY (to UAH 3.58 billion), and net commission income - by 9.7% (to UAH 1.2 billion).

The bank's assets in 2020 increased by 31.6% - to UAH 58.92 billion, including funds in banks - 3.2 times (to UAH 13.82 billion), and loans to customers - by 9.2% (to UAH 27.638 billion). The bank's liabilities for the corresponding period increased 1.3 times - to UAH 49.35 billion, including customer accounts - by 35%, to UAH 47.84 billion.

According to the reporting, OTP-Bank's equity in nine months increased by 23% - to UAH 9.57 billion, and the authorized capital remained at UAH 6.186 billion.

OTP Bank is the flagship of the OTP banking group registered by the NBU, which also includes LLC KUA OTP Capital and LLC OTP Leasing. According to the National Bank of Ukraine, as of March 1, 2021, in terms of total assets, OTP Bank ranked 9th (UAH 65.064 billion) among 73 banks operating in the country^[1]

2019: Profit UAH 2.54 billion

In 2019, OTP Bank made a profit of UAH 2.54 billion.

History

2020

Termination of the powers of the chairman of the board Tamash Hak-Kovacs. Appointment of Vladimir Mudry

The Supervisory Board of OTP Bank (Kyiv), by a decision of October 2, 2020, terminated the powers of the chairman of the board of the financial institution Tamash Hak-Kovacs from October 30.

According to the bank's message in the information disclosure system of the National Securities and Stock Market Commission, from October 31 until the moment its candidacy is approved by the National Bank of Ukraine, Vladimir Mudryi, a member of the board, will fulfill the obligation of the OTP Bank board. Read more here.^[2]

OPF "FreeFly" and OTP "Pension" became part of the OTP group

On January 27, 2020, it became known that the non-state pension fund "Open Pension Fund" FreeFly 'and "OTP Pension" were included in the OTP banking group.

Since January 2020, the OTP banking group in Ukraine includes:

• OTP Bank;
• OOO OTP Leasing;
• OOO Asset Management Company OTP Capital;
• non-state pension fund "Open Pension Fund" FreeFly ";
• open pension fund "OTP Pension."

The ownership structure of the banking group changed according to the decision of the Committee on Supervision and Regulation of Banks, Supervision (Oversite) of Payment Systems of the National Bank of January 13, 2020^[3].

2019

Net profit growth to UAH 2.54 billion

On February 7, 2020, it became known that the net profit of OTP Bank at the end of 2019 increased to UAH 2.54 billion, compared with UAH 2.23 billion a year earlier. This is evidenced by the bank's reporting data.

Net interest income of the bank in 2019 increased by 18.3% compared to 2018 - to UAH 3.44 billion, including net commission income decreased by 12.7% - to UAH 1.3 billion^[4]

The bank's assets in 2019 increased by 16% - to UAH 44.9 billion.

The volume of loans and debts of legal entities and individuals-entrepreneurs amounted to UAH 19.25 billion, and the volume of loans issued to individuals - UAH 10.41 billion.

The bank's deposit portfolio increased by 31.8% - to UAH 35.40 billion, in particular, the amount of funds in the accounts of legal entities amounted to UAH 20.75 billion, and individuals - UAH 14.65 billion.^[5]

The declared indicator of adequacy (adequacy) of regulatory capital as of January 1, 2020 amounted to 23.54% (NBU requirement - at least 10%).

According to the results of the stress test conducted in 2019, OTP Bank did not need additional capital.

OTR Bank is owned by the Hungarian OTP Bank group, which bought the Ukrainian bank in 2006 from the Raiffeisen group.

OTP Bank is the flagship of the OTP banking group, which also includes LLC KUA OTP Capital and LLC OTP Leasing.

According to<E, на 1 июля 2019 года по размеру общих активов `ОТП Банк` занимал 11 место (42,03 млрд грн) среди 76 действовавших в стране банков^[6].

Sale of Interpipe debt for a quarter of the value

On January 9, 2019, information appeared that the requirement for the problematic debt of Interpipe holding businessman Viktor Pinchuk was implemented for a quarter of the cost. OTP Bank issued a loan to the businessman's company in 2013 in the amount of $10 million, but in recent years the company has not serviced this debt. The buyer's name has not been disclosed. Read more here.

2018: Changes in the Supervisory Board

June changes

On June 4, 2018, it became known that changes had taken place in the supervisory board of OTP Bank (Ukraine). So, from June 1, the only shareholder of the bank - OTP Bank (Hungary) - decided to terminate the powers of Tamas Attila Kovacs, a member of the supervisory board. His seat as an independent member of the bank's supervisory board was taken by Out Henrik until the next annual general meeting of the bank's shareholders in 2019.

In general, as of June 4, the updated composition of the Supervisory Board of OTP Bank includes:

• Zoltan Mayor - Chairman of the Bank's Supervisory Board;
• Agnes Julianna Kummer - member of the bank's supervisory board;
• Peter Janos Beche - Member of the Bank's Supervisory Board;
• Gábor Illes is a member of the bank's supervisory board;
• Zoltan Totmatyash - member of the bank's supervisory board;
• Anthony Radev is a bank supervisory board member (independent);
• Sandor Vatsi - member of the bank's supervisory board (independent);
• Out Henrik is a member of the bank's supervisory board (independent).^[7]

April changes

On April 5, 2018, the sole shareholder of PJSC OTP Bank (Kyiv) - OAO OTP Bank (Hungary), following the annual meeting, updated the composition of the Supervisory Board. According to the shareholder's decision, the powers of Adam Andras Sentpeteri, Tamas Derd Gati, Antal Gyulavari and Akosh Ferenc Tisa-Papp (both independent) were terminated. Zoltan Totmatyash, Anthony Radev, Tamas Attilu Kovacs and Sandor Vatsi (the last three are independents) are appointed instead.

In addition, Zoltan Mayor, appointed head of the supervisory board, Agnes Julianna Kummer, Peter Janos Beshe and Gabor Ilyes, were re-elected to the new composition.

2017: Net profit UAH 1.02 bn

According to the report financial IFRS on the results of 2017, OTP Bank improved the result of the previous year, recording UAH 1.02 billion in net profit.

Net interest income of OTP Bank JSC in 2017 amounted to UAH 19.5 billion, UAH 58.7 million more than a year earlier.

Net commission income of OTP Bank increased by 20% to UAH 938 million.

In 2017, OTP Bank managed to maintain the balance of assets and liabilities, as well as high capitalization indicators. Thus, assets at the end of 2017 grew by 20%, adding UAH 5 billion to the result at the end of 2016 and amounting to UAH 29.8 billion.

According to the results of 2017, OTP Bank's loan portfolio amounted to UAH 23.5 billion, having decreased by 7% compared to the result of 2016 (UAH 25.1 billion).

The volume of loans and debts of legal entities at the end of the year amounted to UAH 16.2 billion. (-0.6 billion UAH compared to 2016). The volume of loans issued to individuals amounted to UAH 7.3 billion.

According to the results of 2017, the deposit portfolio of OTP Bank showed an increase of UAH 3.87 billion to UAH 25.7 billion. In particular, the volume of funds of legal entities increased by 23% to UAH 15.3 billion (+ UAH 2.9 billion per year); on the balances on the accounts of individuals recorded an increase of almost UAH 1 billion to UAH 10.3 billion.

The regulatory capital of the Bank at the end of 2017 amounted to UAH 3.25 billion (at the regulatory requirement of at least UAH 120 million). The adequacy of regulatory capital as of January 1, 2018 was recorded at 15.55% (with a standard of at least 10%).

The Bank's current liquidity amounted to 68.93%, significantly exceeding the standard established by the NBU (at least 40%).

2016

Net profit 954 million UAH

According to the financial report on the ISPS for 2016, after a loss of UAH 2.9 billion in 2015, OTP Bank recorded UAH 954.1 million in net profit.

Mainly, positive dynamics was achieved due to profitable operating activities. Net interest income of OTP Bank JSC in 2016 reached UAH 1.9 billion, by UAH 187.7 million, having improved the result a year earlier. Net commission income of OTP Bank, having increased by 30% compared to the result of 2015, amounted to UAH 778 million.

At the same time, due to sufficient coverage of the loan portfolio for previous periods by reserves, in 2016 it was possible to significantly reduce deductions to reserves - to UAH 527.9 million.

OTP The Bank managed to maintain the balance of assets and liabilities, as well as high capitalization indicators.

According to the results of 2016, OTP Bank's assets grew by 17.4%, reaching UAH 24.8 billion.

According to the results of 2016, the deposit portfolio of OTP Bank showed a significant increase of UAH 3.48 billion to UAH 21.8 billion. In particular, the volume of funds of legal entities increased by 30% to UAH 12.5 billion (+ UAH 2.9 billion per year); on the balances on the accounts of individuals recorded an increase of UAH 610 million to UAH 9.3 billion.

According to the results of 2016, OTP Bank's loan portfolio amounted to UAH 25.1 billion, which practically remained at the level of 2015. The volume of loans and debts of legal entities increased to UAH 16.8 billion, by UAH 1.4 billion, improving the result of last year (UAH 15.4 billion). The volume of loans issued to individuals amounted to UAH 8.3 billion.

"By systematically increasing profits in 2016, we are simultaneously investing funds earned through banking in lending to the Ukrainian economy. Such investments not only increase the capabilities of domestic enterprises and their competitiveness on the world stage, but also stimulate the restoration of both individual industries and the growth of the Ukrainian economy as a whole, "said Tamash Hak-Kovach, Chairman of the Board of OTP Bank JSC.

The bank's regulatory capital at the end of 2016 amounted to UAH 2.6 billion (with a regulatory requirement of at least UAH 120 million). The Bank's current liquidity amounted to 53.3%, significantly exceeding the standard established by the NBU (40%).

Zoltan Mayor succeeds Istvan Hamets as head of the supervisory board

In September 2016, at the general meeting, the shareholders suspended the powers of the head of the supervisory board of OTP Bank, Istvan Hamets, who headed the supervisory board since April 11, 2012. Hametz was transferred to the position of member of the bank's supervisory board for a period of two years until the date of the annual general meeting of shareholders in 2018. Khamets is a representative of the shareholder of OTP Bank, still works as the general director at OTP Bank in Hungary^[8].

Instead of Hamets, Zoltan Mayor appointed to the post of head of the supervisory board of OTP Bank for a period of two years. Zoltan Mayor also works as a representative of the shareholder of OTP Bank.

Prior to his appointment, Major worked as the head of consumer finance in central and eastern Europe for UniCredit, a member of the board at Hypo Alpe Adria Bank, since April 2015, Major has been the executive director at OTP Bank in Hungary and a member of the board of directors of JSC OTP Bank in Russia.

As a result, the updated composition of the bank's supervisory board included:

• Zoltan Mayor,
• Istvan Hametz,
• Agnes Julianna Kummer,
• Adam Centpeteri,
• Zsolt Wieland,
• Peter Janos Beche,
• Antal Gyulawari,
• Kristina Kovacs.

Phishing attack on behalf of the bank

On July 14, 2016, OTP Bank (Ukraine) announced a viral mailing of letters disguised as notifications of debt on loans. By opening the attached file, users risk leaking their data.

According to Interfax, citing a statement by OPT Bank, the purpose of a mass spam attack is directed phishing - a fraudulent way to seize personal data using a virus contained in an attached file and activated with its opening.

Scammers send virus in letters about non-existent debts

It is noted that fraudsters send letters by e-mail on behalf of Ukrainian banks and notify about the alleged debts of clients on loans and the lawsuit being prepared in connection with this. Attached to the text of the letter is a document, the loading of which can lead to infection of the device with a computer virus.

We urge you to remain vigilant, do not respond to these emails and do not open attached files. To communicate with customers, bank employees always use the official addresses of the bank's mailboxes and only the addresses of customers indicated by them when signing documents, the bank said.

The company also noted that OPT Bank has nothing to do with these letters and does not conduct such a mailing list.

To avoid the unpleasant consequences of infecting computers with viruses, OPT Bank recommends adhering to the basic security rules: do not open letters and attachments without looking, as well as check the correctness of the sender's address before opening the message. If the email came from unknown or suspicious addresses or contains attached files, archives, or links to any Internet resources, you must immediately delete this email, including copies placed in the Sent Items and Deleted Items folders^[9]

2014: Loss of 2 billion hryvnia

2014 OTP Bank Ukraine ended with a loss of UAH 1.999 billion, while in 2013 it received a profit of UAH 117.293 million^[10].

Including in the 4th quarter of 2014, the bank's loss amounted to UAH 687.97 million, in the 3rd quarter - UAH 315.816 million, in the 2nd quarter - UAH 316.864 million, in the 1st quarter - UAH 678.447 million.

OTP Bank assets in 2014 increased by 14.9% to UAH 21.506 billion, loans and customer debt - by 13.4% to UAH 16.018 billion, equity decreased by 59.1% to UAH 1.375 billion.

According to the results of 2014, the portfolio of household deposits in national currency in OTP Bank JSC increased by UAH 825 million (source - Finance edition with reference to NBU data). The positive dynamics of the deposit portfolio over the year (+ 38.4%) allowed OTP Bank to take a strong leadership position against the background of the outflow of deposits from most market players.

"Our results on the increase in deposits from the population better than any rating prove the real reliability of OTP Bank. The elements laid down in our business model - European capital, balanced credit policy, orientation to the needs of customers and a professional team in branches - serve as a strong basis for the effective operation of the bank in any conditions, which undoubtedly ensures confidence on the part of clients, "commented Vladimir Mudryi, Member of the Board of OTP Bank JSC.

According to the results of four quarters of 2014, OTP Bank also managed to significantly increase its loan portfolio - by UAH 551 million to UAH 16 billion, almost UAH 2 billion exceeding the indicator of the same period in 2013 (UAH 14.1 billion). According to the results of the 4th quarter of 2014, OTP Bank's assets amounted to UAH 21.5 billion. The Bank's regulatory capital amounted to UAH 2.6 billion (with a regulatory requirement of at least UAH 120 million). The current liquidity indicator amounted to 63.37%, significantly exceeding the standard established by the NBU (40%).

In Hungarian currency, the Ukrainian division of the group at the end of 2014 received a loss - in the amount of 43.166 billion forints (155.9 million) dollars - after taxes and without the effect of adjustments - against a profit of 6.716 billion forints ($24.3 million) a year earlier.

"The performance of the Ukrainian subsidiary significantly deteriorated in 2014 as a result of deteriorating macroeconomic conditions and a significant weakening of the hryvnia. The total loss for the year is 76.6 billion forints, "the statement said

2006: Vengersky OTP buys bank from Raiffeisen

In 2006, the Hungarian OTP Bank Plc bought this financial institution from the Raiffeisen International group.

1998: Entry into the Ukrainian market

The bank has been represented on the Ukrainian market since 1998.

Notes