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Success story
In June 2006 OTP Bank Plc. (Hungary) has 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 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 according to total assets, capital and loan portfolio and 5th in terms of loans, granted to private individuals. The branch network amounted to 40 institutions on the territory of Ukraine. The personnel comprised more than 1500 high-professional employees.
Since its foundation, the Bank took leading positions in corporate business and proved itself as 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. No less popular edition «Investgazeta» for three consecutive ears acknowledged the Bank as a leader in financial sector. 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 trying 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 accordingly.
The new owner of 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 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 bank shares are owned by foreign private and institutional investors.
OTP Bank Plc. (Hungary) – is an universal bank which heads a leading financial group with full range of banking services for private individuals and corporate clients. OTP Group in Hungary comprise 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 Group are counted by 18200 high-professional employees
Why you should choose OTP Bank as your partner?
Being universal banking group, ÎÒÐ Group will focus in servicing corporate clients in Ukraine on providing highest quality services taking into account client’s business peculiarities. Especially we would like to underline 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 into expansion of branch network, increase services range of 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.
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