Prometey Group within the framework of the leasing program of OTP Bank (Kyiv) purchased Renault Duster cars for its employees, the company said on Facebook.
“Service vehicles contribute to the effective performance of job duties, which is especially relevant for agronomists in the fields, as well as an integral part of the compensation package and a way to motivate the employee,” Prometey noted.
The total volume of the leasing limit, allocated by OTP Bank for the purchases, is $3 million.
The cars were given to the agronomists of the production enterprises of the company LLC “Ukraina”, LLC “Visla” and LLC “Agro Capital Center”.
Prometey Group provides services in storing, processing and logistics of crops. Before the Russian aggression, the holding owned 34 elevators in the Nikolayev, Kirovograd, Kiev, Khmelnitsky, Zaporizhzhya, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
By the end of 2021, the group planned to receive $45 mln EBITDA, while in 2020 this figure reached $32.6 mln and in 2019 – $30.5 mln.
The net profit of OTP Bank (Kyiv) in January-September 2021 amounted to UAH 2.066 billion, which is 1.4 times more than in the same period in 2020 (UAH 1.5 billion).
According to reports on the bank’s website, its net profit for the third quarter of 2021 decreased by 16.6% from the corresponding indicator a year earlier – to UAH 771 million.
Net interest income of OTP Bank for the nine months increased by 26.9% compared to January-September 2020 – up to UAH 3.34 billion, and net commission income – by 13.2%, to UAH 977 million.
The bank’s assets for three quarters increased by 5% – to UAH 64.5 billion, including loans to customers – by 30.2%, to UAH 35.99 billion, while funds in banks decreased by 5%, to UAH 12.95 billion.
The bank’s liabilities for the reporting period increased by 9.3% – to UAH 54.08 billion, in particular, customer accounts – by 9.6%, to UAH 52.4 billion.
According to reports, OTP-Bank’s equity capital for the first nine months of this year increased by 8.7% – up to UAH 10.4 billion, while charter capital remained at the level of UAH 6.186 billion.
OTP Bank is the flagship of the OTP banking group, registered by the NBU, which also includes AMC OTP Capital LLC and OTP Leasing LLC.
According to the National Bank of Ukraine, as of September 1, 2021, in terms of total assets (UAH 65.765 billion) OTP Bank ranked ninth among 72 banks operating in the country.
The European Bank for Reconstruction and Development (EBRD) on November 10 approved the provision of a four-year amortising senior unsecured loan of up to EUR 25 million equivalent to OTP Bank (Kyiv) to finance micro, small and medium-sized enterprises (MSMEs), according to the EBRD website.
“The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation,” the bank said.
In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects.
The net profit of OTP Bank (Kyiv) amounted to UAH 1.51 million in January-September 2020, which is 21.9% less than in the same period in 2019 (UAH 1.94 billion).
According to the financial reports posted on the bank’s website, its net profit increased by 28.6% to UAH 924.34 million for the third quarter of 2020, compared to the corresponding indicator a year earlier.
The net interest income of OTP Bank decreased by 1.5% (to UAH 2.63 billion) in nine months, while net commission income by 10.2% (to UAH 863.6 million).
The bank’s assets increased by 24% to UAH 55.51 billion in January-September, including funds kept in banks by 68.8% (to UAH 13.82 billion), and loans issued to customers by UAH 147 million (up to UAH 25.46 billion).
The bank’s liabilities for the corresponding period increased by 18.4% to UAH 46.19 billion, in particular, customer accounts by 26.1% to UAH 44.75 billion.
According to the financial reports, OTP Bank’s equity capital increased by 19.8% to UAH 9.32 billion in nine months, and the charter capital remained at the level of UAH 6.186 billion.
OTP Bank is the flagship unit of the OTP banking group, registered by the NBU, which also includes AMC OTP Capital LLC and OTP Leasing LLC.
According to the National Bank of Ukraine, as of September 1, 2020, OTP Bank was ranked 10th among 75 banks operating in the country in terms of total assets
Kyiv-based OTP Bank is planning to increase its loan portfolio by 33.4%, to UAH 37.6 billion, in 2017-2020, OTP Bank Board Chairman Tamas Hak-Kovacs has said. “Our goal is to increase our loan portfolio by 33.4% by the end of 2020 to UAH 37.6 billion from UAH 25.1 billion as of the end of 2016. If we compare Ukrainian and Hungarian banks in terms of the number of branches and employees, Hungarian loan portfolios are five to six times larger than Ukrainian. And if we take German and U.S. [banks] for comparison, they have even much more credits. Thus the key task of OTP Bank is to build up credit financing,” he said in an interview with Interfax-Ukraine.
The banker added that OTP Bank was planning to increase its share in the segment of crediting for medium-sized and large businesses as well as to strengthen its leading positions in consumer crediting.
“Last year the bank introduced on the market its product Agrofactory for financing of medium-sized agricultural producers. At the end of the second quarter we entered the bid guarantee market – the bank issues bid guarantees for clients within just two hours… Our goal in retail business is to take a leading position in consumer crediting. In this context we resumed auto loan financing last year. Today we are working on the development of a new platform for entrepreneurs and microbusinesses,” Hak-Kovacs said.
Kyiv-based OTP Bank expects to post UAH 2 billion in net profit by the end of 2018, Chairman of OTP Bank’s board Tamas Hak-Kovacs has said. “In the first four months of this year, the bank’s net profit amounted to UAH 723 million. Net profit in 2018 may amount to UAH 2 billion. It will entirely be capitalized. This is also part of our strategy – to capitalize profits, therefore this money is additional liquidity, and it is in the Ukrainian hryvnia,” he told Interfax-Ukraine in an interview.
Due to profitable operating activities and the consistent implementation of a balanced financial and credit policy, OTP Bank improved the result of 2017 and posted net profit under IFRS was UAH 1.02 billion.
In Ukraine, OTP Bank acts as the flagship of the OTP banking group, registered by the National Bank of Ukraine. The group also includes LLC OTP Capital assets management company and LLC OTP Leasing. OTP Bank ranked 11th in terms of net assets worth UAH 29.822 billion among 84 banks operating Ukraine as of January 1, 2018, according to the National Bank of Ukraine.
