OTP Bank (Kyiv) received UAH 1.19 billion in net profit in January-March 2025, which is 24% or UAH 0.37 billion less than in the first quarter of 2024.
According to the bank’s financial statements for the first quarter of 2025, pre-tax profit amounted to UAH 1.59 billion, which is 23.7%, or UAH 0.49 billion, less than in the same period of 2024.
OTP’s net interest income for the reporting period increased by 5.5% to UAH 2.26 billion, while net commission income increased by 10.7% to UAH 0.27 billion.
It is noted that in the first quarter of 2025, the bank’s profit from foreign currency transactions decreased by 21.4% to UAH 0.05 billion, while profit from foreign currency revaluation amounted to UAH 0.25 billion, compared to a loss of UAH 0.14 billion in the first quarter of 2024.
At the same time, in January-March this year, OTP recorded a net loss from transactions with financial instruments at fair value and an impairment loss of UAH 0.28 billion and UAH 0.15 billion, respectively, while in January-March last year, profits from these two items amounted to UAH 0.20 billion and UAH 0.28 billion, respectively.
The bank’s expenses for employee compensation increased by 12.5% to UAH 0.51 billion, while other operating and administrative expenses increased by 8.8% to UAH 0.16 billion.
According to the report, OTP increased its loans and advances to banks from UAH 10.8 billion to UAH 24.22 billion during the reporting period, while investments in securities decreased from UAH 62.37 billion to UAH 50.73 billion. Loans and advances to customers increased by 3.6% and amounted to UAH 32.41 billion.
OTP’s total assets since the beginning of the year increased by 4.7%, or UAH 5.34 billion, to UAH 119.25 billion, while liabilities increased by 4.2%, or UAH 3.93 billion, to UAH 93.20 billion.
Thanks to profitable operations, the bank’s equity increased by 6.8%, or UAH 1.4 billion, to UAH 22.01 billion in the first three months of this year, including retained earnings of UAH 13.39 billion.
According to the National Bank of Ukraine (NBU), as of early February 2025, OTP Bank ranked among the top 10 leaders in terms of total assets among 61 banks, with UAH 121.97 billion.
