OTP Bank has been ranked among the top three business champion banks by Forbes Ukraine magazine. It took second place in terms of efficiency and stability.
The article calls OTP BANK a model of balance in key ranking indicators. “Restrained growth, no excessive liquidity, which is typical for many banks with foreign capital, but top-three efficiency and good stability,” the Forbes article notes.
In particular, OTP Bank was included in the list of banking institutions with assets exceeding $1 billion, where it ranked third. The magazine’s analytical department also compiled a list of the “Second League” – leaders among banks with less than $1 billion in assets.
In total, the magazine’s rating includes the 20 largest and most efficient banks in Ukraine. Their activities were analyzed based on an integrated indicator of efficiency (profitability), dynamics, stability, and liquidity. As stated in the article, the main task was to find out which bankers had built (or rebuilt) a high-quality banking business during three years of full-scale war. The material is available in the print version of the magazine No. 2 (35), April-May 2025.
As a reminder, in March, OTP BANK was among the top five leaders in the bank stability rating according to the Minfin portal.
OTP BANK JSC will be the financial partner of this year’s most high-profile automotive event, KYIV CAR FEST, which will bring together representatives of various subcultures at its venues. The event will take place on the weekend of May 10 and 11, from 12:00 to 20:00, at the Retroville shopping and entertainment center.
This year’s festival was created in collaboration with renowned automotive graphics and design master Oleksandr Lituta, who has been developing unique projects for special cars and the world’s best race car drivers for over 15 years. Therefore, KYIV CAR FEST vol.5 is dedicated to automotive design, and artistic masterpieces of various styles and genres will be created live at the event. Artists from all over Ukraine will gather to showcase their best works to festival participants and visitors.
OTP BANK will be represented at both outdoor and indoor locations. The outdoor location is expected to be the most eventful: guests will have a unique opportunity to apply for a loan for a used car from among those on sale at the festival. It will also be possible to apply for a loan to order a used car from the US or other countries, from the Bank’s partners, or on the Ponova by OTP Bank marketplace.
In addition, there will be special raffles where attendees can win a discount on their used car loan during the festival.
A special chatbot, which can be accessed by scanning a QR code, will help guests understand how much they can expect to borrow when applying for a loan. In just one minute and in complete confidentiality, car enthusiasts will find out their loan amount. The Bank’s specialists will also be on hand to answer questions about financing used cars.
To maximize the excitement, OTP BANK will give guests the opportunity to sit behind the wheel of a cool electric car, and free instant photos will preserve memories of a bright weekend for a long time.
A chance to win UAH 1 million: all loans for used cars worth UAH 30,000 or more, taken out during or after the festival, up to and including May 31, will be entered into the “Liam na Tachku” promotion. The Bank’s customers will have an incredible opportunity to win a million hryvnias to buy the car of their dreams – right during the live broadcast on June 10.
We look forward to seeing you at KYIV CAR FEST, it’s going to be epic!
KYIV CAR FEST ticket giveaway: OTP BANK regularly holds promotions and unique offers to give customers new opportunities and exciting experiences. A ticket giveaway for the festival has started on our Instagram page – go there and find out all the terms and conditions! Don’t miss your chance to have an unforgettable experience with OTP BANK.
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.
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.
