KYIV. May 5 (Interfax-Ukraine) – OTP Bank (Kyiv) saw UAH 327.3 million of profit in January through March 2016 compared to loss of UAH 1.1 billion year-over-year, the bank has said in a press release.
Net interest income increased by 5.2%, to UAH 779.1 million.
Net fee income totaled UAH 174.2 million and this was 32.3% up year-over-year.
Assets in Q1 2016 increased by 7%, to UAH 22.7 billion.
A slight expansion of the entire deposit portfolio over the period by UAH 463 million was seen, to UAH 18.8 billion. Deposits of individuals grew by UAH 571 million, to UAH 9.3 billion and companies’ funds amounted to UAH 9.5 billion.
The entire credit portfolio in Q1 2016 increased by UAH 1.5 billion, to UAH 27.2 billion mainly thanks to growth of credits and debts of companies by UAH 1.3 billion.
Regulatory capital as of April 1, 2016 totaled UAH 1.75 billion.
Current liquidity – 64.43% (NBU’s requirement is no less than 40%).
OTP Bank was founded in 1998. Its sole shareholder is Hungary’s OTP Bank Plc. OTP Bank is part of OPT banking group, which also includes OTP Factoring Ukraine LLC, AMC OTP Capital, OTP Leasing LLC, and OTP Credit LLC.
OTP Bank ranked 13th among 123 banks operating in the country on October 1, 2015 by total assets (UAH 23.055 billion), according to the National Bank of Ukraine.
