Bankers do not expect a change in the key policy rate by the end of the year, but there are risks. Ukrainian bankers believe that the Board of the NBU will leave the discount rate at the current level of 13% per annum at a meeting on Thursday. “However, a return to tightening monetary policy ... #financeUkraine #KeyPolicyRate #nbu #OTPbank #PravexBank #RaiffeisenBank #UkrainianBanks
The largest European banks increased their contributions to the Russian budget by 300%. The largest European banks that are still operating in Russia paid more than €800M in Russian taxes in 2023, which is 300% more than before the start of the full-scale war. In particular, we are talki... #DeutscheBank #EuropeanBanks #OTPbank #RaiffeisenBank #RussiaBudget
The state continues to accumulate debts to banks for compensation under the 5-7-9 soft loan program. The top manager of OTP Bank, Volodymyr Mudryi, said that in 2023, ₴16 billion was set aside in the state budget to compensate banks for rates issued under the Affordable Loans 5-7-9 program. The year ... #5-7-9loanprogram #AffordableLoans #LoansUkraine #OTPbank #SupportBusiness
Hungarian OTP Bank is considering the privatization of the Sense Bank. Hungarian group OTP Bank Plc. is interested in buying Sense Bank, which the state nationalized in the summer of 2023. EP sources confirmed that foreign banking groups are interested in privatizing two... #Banksprivatization #DragonCapital #OTPbank #SenseBank #UkrainianBanks #Ukrgasbank
Brussels will unfreeze €13B for Hungary to help Ukraine. The European Commission is preparing to release about €13B in EU funds by the end of November. This step will ensure Budapest’s support in increasing the bloc’s budget and providing signif... #Hungary #OTPbank #SupportUkraine #VictorOrban
Ukraine has agreed to Hungary’s demands to unblock €500M from the EU military fund, but Orban called the step insufficient. The National Agency on Corruption Prevention (NACP) has suspended the status of the Hungarian OTP Bank as an international sponsor of war, the agency reported. In addition, this status has also been s... #EUmilitaryAid #MilitaryAidforUkraine #OTPbank #UkraineHungary #VictorOrban
The EBRD provides a €20M guarantee to a Ukrainian leasing company to support food security. OTP LEASING will use a guarantee from the EBRD to provide €80M in financing that will support food security and other critical sectors, the EBRD noted. The guarantee will allow OTP LEASING to support ... #EBRDinvestments #OTPbank #OTPleasing #UkraineInvestments
In May, Ukrainian banks earned UAH 6.1B. The main share of profit, 78% or UAH 4.8B, was earned by the state-owned Privatbank, reported opendatabot. Ukrgasbank also made a small profit of UAH 400M. On the other hand, other state-owned banks c... #BankingUkraine #OTPbank #PrivatBank #UkraineBanks #Ukrsibbank
OTP Bank buys Albanian subsidiary of Alfa-Bank for €55 mln, announced the bank. The transaction is expected to be concluded in the second quarter of 2022, and OTP Group’s market share in Albania will exceed 11% of the sector’s total assets, and its... #OTP #OTPbank #OTPbuysAlbanianBank
