ACRA has confirmed the credit rating of OTP BANK Joint Stock Company

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AK&M 26 January 2022 11:38

On January 25, 2022, the analytical credit rating agency confirmed the credit rating of OTP BANK Joint Stock Company at the A+(RU) level, the forecast is stable. This is stated in the agency's message.

Confirmation of the credit rating of OTP Bank Joint Stock Company is due to a stable business profile, the preservation of adequate assessments of capital adequacy and funding and liquidity positions, as well as a satisfactory assessment of the risk profile. In addition, the credit rating takes into account the possibility of the bank receiving extraordinary support from the parent bank, which has a relatively high level of creditworthiness.

OTP Bank is a universal credit institution that ranks 34th in terms of equity among Russian banks. Almost 100% of the bank's shares are controlled directly or through a subsidiary by OTP Bank Plc, the parent company of OTP Group, a major provider of financial services in Central, Southern and Eastern Europe.