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Success story
In June 2006 OTP Bank Plc. (Hungary) purchased one of the leaders of the Ukrainian financial sector - Raiffeisenbank Ukraine, founded in 1998 as a bank with 100% foreign capital. Since 2001 Raiffeisenbank has entered Top-10 of the largest banks of Ukraine. At the moment of acquisition the bank served more than 100 thousand clients, providing the complete range of services to corporate clients, private individuals and also to small and medium enterprises. The Bank ranked 6th among the Ukrainian banks by total assets, capital and loan portfolio and 5th in terms of loans granted to private individuals. The branch network numbered 40 institutions throughout Ukraine. The personnel comprised more than 1500 high-professional employees.
Since its foundation, the Bank has taken leading positions in corporate business and proved to be a bank-innovator. The Bank was the first one on the Ukrainian banking market to start rendering such new products as structured trade finance, project finance and other tailor-made services for large corporate clients.
Effective bank performance found its reflection not only in figures but also in the estimation of the bank activity by leading Ukrainian economic editions. So, according to the results of financial rating of ‘Business’ newspaper Raiffeisenbank took the 1st place in the nomination ‘Bank you’d place a deposit at’ in 2003-2004. Another well-known edition «Investgazeta» has been acknowledging the Bank as a leader in financial sector for three consecutive years. Leading English edition ‘Kyiv Post’ declared the bank as ‘The best Bank’ in 2004-2005.
The Bank owes such a success story due to the wide range of perfect and transparent banking services and due to the high-professional team doing best to meet the needs of customers and providing high quality financial solutions of European standards.
Newest history
After the deal closing in November 2006, OTP Bank Plc became a hundred-per-cent proprietor of Raiffeisenbank Ukraine and the bank was renamed to OTP Bank respectively.
The new owner of the bank – OTP Bank Plc. – is the largest bank in Hungary with market share of almost 25%.
OTP Bank Plc. was founded in 1949 as a state-owned savings and commercial bank. After privatization began in 1995, share of the state in the bank capital decreased to one preference («gold») share. Currently 85.9% of the bank shares are owned by foreign private and institutional investors.
OTP Bank Plc. (Hungary) – is a universal bank which heads a leading financial group with full range of banking services for private individuals and corporate clients. OTP Group in Hungary is comprised of large daughter companies, granting services in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds.
Nowadays the Hungarian bank has subsidiary banks in Bulgaria, Croatia, Montenegro, Romania, Russia, Serbia, Slovakia and Ukraine. OTP Group provides high quality financial solutions to meet the needs of nearly 11 million customers through almost 1000 branches in 9 countries all over the world. The personnel of the Group numbers 18200 highly qualified employees
Why Should You Choose OTP Bank As Your Partner?
Being universal banking group, while servicing corporate clients in Ukraine ÎÒÐ Group will focus on providing highest quality services taking into account client’s business peculiarities. Especially, we would draw your attention to new possibilities for structured trade finance and project finance at the account of syndicated loans with the head quarters.
Retail business development of OTP Bank will be directed at expansion of branch network, increase of services portfolio for private clients, introduction of state-of-the-art information technologies like mobile- and internet banking.
ÎÒÐ Bank aims to continue traditions rooted by the team of professionals and to further introduce European business standards to the Ukrainian banking market.
OTP Bank Plc. – is the largest financial services provider in Hungary: Its market share is 23.5% by total banking assets, 25.1% by total deposits and 20.7% by total loans. In 2005 OTP Banking Group gave 46% of total profit of banking sector in Hungary.
Has a strong capital base, high profitability and solid investment returns: IFRS consolidated ROA: 3.34%; ROE: 32.9% in 2Q 2006.
Acquired subsidiaries in Slovakia, Bulgaria, Romania, Croatia and Serbia: OTP Banka Slovensko (acquired in 2002) has ~3% market share; DSK (2003) is the largest Bulgarian bank with a market share of 14%; OTP Bank Romania (RoBank) became a group member in October 2004, OTP banka Hrvatska (Nova banka) in March 2005; Niska banka in Serbia in June 2006. In 2006, OTP Bank acquired Raiffeisenbank Ukraine, Investsberbank in Russia, Zepter banka and Kulska banka in Serbia.
Has the highest banking and FS rating amongst all Hungarian banks: MOODY’S: Long term deposits: A1; Short term deposits: P–1; Financial strength: B-; STANDARD & POOR’S: Long term rate: BBBpi.
Has been listed on the Budapest Stock Exchange since 1995: OTP share price reached 60-70 times value since IPO (HUF 6,967 on December 30, 2005).
Realized USD 220 million consolidated profit in 2Q 2006: the consolidated after-tax profit of the Bank was USD 793 million in 2005 and USD 439 million in 1H 2006.
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