OREANDA-NEWS. July 27, 2010. JSC OTP Bank reports UAH 236.2 mln net profit in 2Q 2010 according to National Accounting Standards, which means excellent performance compared to the negative financial result of the same period in 2009. The fulfillment of the net interest income targets driven by cheaper financial resources, the outstanding commission income as well as further strong control over costs and lower level of provisioning are considered to be the major contributors of the above result in the reporting period.

Net interest income reached UAH 1.04 bln, net commission income amounted to UAH 109.4 mln.  Operational expenses of the Bank were kept on the same level as of the respective period of the last year.

As of June 30, 2010, the Bank’s total assets reached UAH 26.8 bln. Loan portfolio decreased by 18.3% Y-o-Y and totaled UAH 23.7 bln, wherein corporate loans amounted to UAH 10.8 bln and retail loans UAH 12.9 bln.  Total liabilities of the Bank fell by 10.1% to UAH 23.7 bln. At the reporting date, the Bank’s corporate deposits reached UAH 3.3 bln, while retail deposits totaled 3.7 bln, which means an outstanding 32% growth in the retail segment compared to the same period last year.

As of June 30, 2010, the equity capital of JSC OTP Bank reached UAH 3.05 bln. The regulatory capital adequacy ratio (CAR) established at the level of 20.5%, which is outstanding on the market, taken into consideration that the normative CAR minimum of 10%. Current liquidity ratio is 87.99%, while the minimum limit is 40%.