OTP Bank review
Public Joint Stock Company OTP Bank is one of the largest domestic banks, the honored leader of Ukraine's monetary sector. Represented in the Ukrainian demand since 1998
OTP Bank enjoys sound odor for being socially responsible, sure and sustainable monetary institution handing its consumers with services of European quality morals. 1998 March – Raiffeisenbank Ukraine was introduced as a bank with 100 foreign capital. 2001 – the bank entered Top-10 of the largest banks of Ukraine. 2006 – OTP BankPlc., leader of the Hungarian banking demand with demand share of fair 25, turned a hundred-percent possessor of the bank. The bank was renamed to OTP Bank (OTP OTP Bank JSC). Except Hungary, OTP BankPlc. operates through its appliance banks in eight CEE countries (Ukraine Ukraine, Slovakia, Bulgaria, Romania, Croatia, Serbia, Russia and Montenegro). OTP Group provides high quality monetary results to meet the necessities of nearly 12 million guests through fair 1500 branches Presently, OTP Bank JSC is captaining OTP monetary group in Ukraine, which includes Asset Management Company OTP Capital LLC and OTP Leasing LLC. All OTP Group companies have been showing outstanding performance taking the leading positions in their parts.
ENDORSEMENT POLICY
Fitch's approach to places hand so that places produced outside the EU may be used by regulated existents within the EU for official purposes, pursuant to the terms of the EU Regulation with respect to credit place agencies, can be establish on the EU Regulatory Divulgences express. The hand status of all Foreign places is fed within the existent summary express for each rated existent and in the deal detail expresses for all structured finance deals on the Fitch website. These divulgences are contemporized on a day-to-day bottom.
ESG CONSIDERATIONS
OTP has an ESG Relevance Score of 4 for group structure , which reflects significant exposure to, and potential contingent risks related to, its sister company, which operates as a microfinance lender. This has a negative impact on the credit profile, and is relevant to the rating in conjunction with other factors
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