The shareholder of OTP Bank Plc (Budapest) at a meeting on December 26, 2024 decided to merge OTP Factoring Ukraine LLC into OTP Bank, according to the issuer’s data in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
“To carry out the state registration of reorganization (termination) of OTP Factoring Ukraine LLC by its merger with OTP Bank JSC,” it says.
According to the National Bank of Ukraine (NBU), as of November 1, 2024, OTP Bank ranked 11th (UAH 78.4 billion) among 62 banks operating in the country in terms of total assets. The financial institution earned UAH 4.82 billion in net profit for 10 months of this year, compared to UAH 5.29 billion for the same period last year.
According to YouControl, OTP Factoring’s revenue in January-September this year amounted to UAH 0.12 million against UAH 0.86 million in the same period last year, but net profit increased to UAH 22.81 million from UAH 14.27 million due to other operating income of UAH 37.55 million.
The company’s capital amounted to UAH 703.86 million at the beginning of October.
