OTP Group announced 2024 financial results, to which Ipoteka bank OTP Group contributed by the following figures
Posted by: 11 march, 2025
OTP Group announced 2024 financial results, to which Ipoteka bank OTP Group contributed by the following figures
Ipoteka bank OTP Group, the largest retail bank and the fifth-largest bank in Uzbekistan, with a market share of nearly 7% by total assets, has announced its financial results under IFRS for the year ended 2024. The Bank achieved a strong return to profitability, driven by robust operating performance, rising income and an improved funding and risk profile.
Key financial highlights:
-Total Assets Y-o-Y Growth: +17%
-Total Equity Y-o-Y Growth: +35%
-Profit after Tax: UZS 1.837 trillion (USD 145 million equivalent)
-Cost/Income Ratio: 38%
-Cost of Risk: 1.16%
-Return on Equity (ROE): 30.4%
-Return on Assets (ROA): 4.0%
These results underscore Ipoteka bank OTP Group’s seamless integration into OTP Group, highlighting its strong international team, disciplined cost control and commitment to serving retail, SME and corporate clients across Uzbekistan.
The Bank is also undergoing a dynamic transformation, leveraging cutting-edge technologies and global best practices to enhance operational efficiency and customer experience.
Ipoteka bank OTP Group, the largest retail bank and the fifth-largest bank in Uzbekistan, with a market share of nearly 7% by total assets, has announced its financial results under IFRS for the year ended 2024. The Bank achieved a strong return to profitability, driven by robust operating performance, rising income and an improved funding and risk profile.
Key financial highlights:
-Total Assets Y-o-Y Growth: +17%
-Total Equity Y-o-Y Growth: +35%
-Profit after Tax: UZS 1.837 trillion (USD 145 million equivalent)
-Cost/Income Ratio: 38%
-Cost of Risk: 1.16%
-Return on Equity (ROE): 30.4%
-Return on Assets (ROA): 4.0%
These results underscore Ipoteka bank OTP Group’s seamless integration into OTP Group, highlighting its strong international team, disciplined cost control and commitment to serving retail, SME and corporate clients across Uzbekistan.
The Bank is also undergoing a dynamic transformation, leveraging cutting-edge technologies and global best practices to enhance operational efficiency and customer experience.
