OTP Bank will pay UAH 4.8 bln to budgets of all levels in 2023

The total amount of taxes to be paid by OTP Bank in 2023 is UAH 4.8 billion.

The largest part is income tax - UAH 3.7 billion. The amount of military duty for 2023 is UAH 32.6 million. VAT, local taxes, non-resident tax, personal income tax, unified social tax, and unified social tax make up the rest of the total amount of payments by OTP Bank.

We would like to remind you that OTP Bank was ranked third in terms of capital adequacy according to the results of the stability assessment conducted by the National Bank of Ukraine. Thus, according to the asset quality ratio (AQR), the core capital adequacy ratio (N3) of OTP Bank amounted to UAH 7 billion 234 million, or 19.09%, with the required level of 7%.

Regulatory capital (N2) at OTP Bank amounted to UAH 12 billion 315 million. Its adequacy ratio is 32.5% with the required level of 10%.