Individual customers of OTP Bank purchased domestic government bonds (OVDP) worth a total of UAH 2.78 billion at the end of the first quarter of 2025. This was announced by Valeria Ovcharuk, product owner at OTP BANK.
She noted that 20% of investments were made in hryvnia OVDPs and 80% in foreign currency. “As we can see, our clients choose a reliable and effective way to preserve and multiply their funds in foreign currency. Currently, individuals see this as the best investment option for their savings. For many, it is important to support the Ukrainian economy in this way, as securities are sold, among other things, to finance the state budget,” emphasized V. Ovcharuk.
In the first quarter, customers bought securities worth a total of UAH 1.29 billion from the Bank’s portfolio, while bonds worth UAH 1.49 billion were purchased directly at auctions held by the Ministry of Finance.
In total, since the launch of the OVDP purchase service in the OTP Bank UA app at the end of 2023, the Bank’s customers – individuals – have purchased OVDPs worth more than UAH 11 billion.
We would like to remind you that you can purchase OVDPs from the Bank’s portfolio or directly at Ministry of Finance auctions via the OTP Bank UA mobile app. In addition, the Bank has recently simplified the procedure for opening securities accounts – this can now be done remotely, with the help of OTP Bank UA, without the need to visit a branch. You can find out more about investing in government bonds through the app at link.
JSC “OTP BANK” offers its customers the opportunity to take out a loan for an electric car of any brand, both new and used, guaranteeing transparency and simplicity of conditions and an individual approach to each borrower. This was stated by Vitaliy Skorobohatyi, Head of Car Lending Development Department of OTP Bank.
“With the support of the Bank, the path to the coveted electric car can be as quick and easy as possible. We are convinced that the purchase of an electric car with financing is a profitable solution that will allow the client to use modern environmentally friendly transport today, without putting off life for later. New or used car, brand, specifications, and condition – everyone is looking for the perfect match. We will help you choose the best option according to your budget and needs. You can get the money for the car within one day,” said Skorobohatyi.
The electric car market is developing rapidly. According to experts from the Automotive Market Research Institute, more than 3,000 imported used cars are sold in Ukraine every month on average, about 2,000 units are sold through domestic resale, and almost 1,000 new electric cars are sold. The key advantage of an electric car is its innovation and environmental friendliness.
The top five most popular electric vehicles purchased by Ukrainians in 2024 with the financial support of OTP BANK are:
– Tesla
– Nissan
– Volkswagen
– BYD;
– Honda.
“The bank gives its customers complete freedom in choosing a car. We do not set any restrictions on the condition, age or mileage. We do not require a deposit and compulsory hull insurance. We are ready to support both the buyer’s independent choice and help with the selection of a car, as we have an extremely wide network of partners throughout Ukraine,” added the head of the car loan development department.
We would like to remind you that OTP BANK offers from UAH 10,000 to UAH 750,000 of loans for used cars. The down payment is 10% of the cost of the car. There is a fixed interest rate for the entire term of financing, and there are no hidden fees or commissions. The loan term is up to 5 years.
The European Bank for Reconstruction and Development (EBRD) has signed an agreement with Ukraine’s OTP Bank (Kyiv), approved in early December, to cover up to 50% of the credit risk on the bank’s new EUR200 million loans, the EBRD said in a statement on Monday.
“This is the fifth and largest such loan agreement provided by the EBRD to OTP, building on the successful cooperation between the two institutions to date,” the release said.
It is specified that this will enable the bank to finance critical sectors such as agriculture, energy, manufacturing, and transportation.
The EBRD’s participation in the project, estimated at EUR 60 million, will be supported by first-loss risk coverage funded by donors, including the European Union (EU), under the UIF Ukraine Facility.
It is also noted that, taking into account this project, the total amount of financing under similar EBRD guarantees signed since the beginning of Russia’s full-scale war against Ukraine is almost EUR 2 billion.
Up to 20% of the project’s risk-sharing loans will be used to support long-term investments by private micro, small and medium-sized enterprises (MSMEs) in EU-compliant and green technologies that increase their competitiveness in domestic and foreign markets. Upon completion of the investment projects, these sub-borrowers will receive EU-funded investment grants under the EU4Business initiative, as well as technical assistance. The EBRD has already allocated EUR 66 million in grant support for Ukrainian MSMEs under the EBRD-EU4Business credit line, including EUR 5 million for projects through the TFP.
According to the bank’s website, the guarantees are planned to be provided in three tranches: two in the amount of EUR 22.5 million, each covering EUR 75 million, and one in the amount of EUR 15 million to cover EUR 50 million of the loan portfolio.
According to the National Bank of Ukraine (NBU), as of November 1, 2024, OTP Bank, a wholly owned subsidiary of the Hungarian OTP Bank, ranked 11th (UAH 116.9 billion) in terms of total assets among 62 banks in the country. The financial institution’s net profit for 10 months of last year amounted to UAH 4.82 billion.
Since Russia’s invasion in 2022, the EBRD has lent more than EUR 5.4 billion to Ukraine, including more than EUR 1.6 billion last year.
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.
A new promotion for the winter holidays for Mastercard cardholders from JSC OTP BANK. Buy gifts for your family and friends, goodies for the New Year’s table and many other goods in the Rozetka online store or mobile application with a 7% discount when paying with a Mastercard from OTP BANK.
In order to take advantage of the offer and purchase goods at a discount, you need to pay for your purchases on the website rozetka.com.ua or in the Rozetka application with any Mastercard from OTP Bank.
Buy goods from the Rozetka seller with a special mark and choose the payment method “-7% discount when paying with a Mastercard from OTP Bank”. The discount will be credited automatically upon payment.
The promotion is valid from December 6 to 22, 2024.
For more details, please follow the link: https://www.otpbank.com.ua/action/rozetka-per7/
JSC OTP BANK and the European Business Association (EBA) in partnership held an offline event for Ukrainian export-oriented companies, as well as all business representatives interested in export opportunities.
“Exporters: Talk & Network” became a platform for discussing the challenges faced by companies in international markets, as well as finding ways to expand exports of Ukrainian goods and services.
In particular, Volodymyr Mudryi, Chairman of the Board of OTP Bank, mentioned programs from international organizations as opportunities for exporters. In his speech, he emphasized that the Bank’s mission today is to build a bridge between global companies and donors represented in Ukraine.
“In order to work in our country, all international organizations need a responsible and reliable partner with a history and a good reputation. Someone with whom you can speak the same language. So, for global companies, we act as a kind of “translator” of the needs that exist in our market. This is one of our missions,” said Mr. Mudryi. He emphasized that OTP Bank was among the first to start cooperation with the EBRD, and now it also has extensive programs with IFC. “In addition, within the framework of cooperation with the USAID Project “Investments for Business Sustainability”, we have closed one program of co-financing for MSMEs on preferential terms ahead of schedule, and recently received the second tranche to support business,” the banker emphasized.
However, in addition to global instruments such as programs with international companies, the Bank also supports exporters in their daily work. According to V. Mudryi, OTP BANK has developed profitable and customized services and products – a separate module “Currency Contracts” in the Click OTPay client-bank system, which has complete information on the status of settlements under export and import contracts, currency SWAP, lending, the “Trading Platform” service, which gives the client the opportunity to fix the exchange rate from 1 cent, and also provides access to the exchange of exotic currencies. “We try to optimize and personalize the work with the Bank for our clients as much as possible, to make it as convenient as possible. To this end, we have set up many processes: for example, any new contract must be processed and confirmed by the Bank on the same day,” said Mr. Mudry.
During the event, he advised entrepreneurs to expand their knowledge of ESG (environmental, social, corporate governance) sustainability standards, which are increasingly required by international organizations from Ukrainian businesses. “It is inevitable and it is already knocking on our door. There are requirements from the EBRD, the World Bank, and the National Bank of Ukraine is also planning to develop its own standards. So now, at the level of the NABU (Independent Association of Banks of Ukraine), we are trying to bring together all the requirements so that there is a common understanding of what we will implement, as well as to develop a schedule for the transition to ESG standards,” said Mr. Mudryi.
Yulia Vitka, Deputy Project Manager, spoke about various programs for exporters and SMEs and the opportunities of the USAID Investment for Business Sustainability Project. Ruslan Gashev, Chairman of the Board of Export Credit Agency, presented ECA’s experience and outlined changes in the Agency’s work that allowed it to expand cooperation with business representatives.
“Exporters: Talk & Network: tools to support export-oriented companies” was the third offline event for exporters that OTP BANK and the European Business Association held in partnership. Previous meetings with business took place in the summer and spring of 2024.
