OTP banka d.d. strengthens status of one of leading custodian banks in Croatia
For the sixth year in a row, Global Investor/ISF magazine declared OTP banka d.d. one of the best custodian banks in the Republic of Croatia based on customer ratings, where the bank was rated first in two categories, and a runner-up in the third category.
This year, Global Investor magazine introduced a new method of acknowledgement of custodian banks, in 3 categories, instead of the typical two: ratings weighted by size of foreign customers’ assets, ratings unweighted by size of foreign customers’ assets, and ratings unweighted by size of domestic customers’ assets.
Over 10 categories i.e. criteria had to be met, amongst which provision of settlement services and corporate actions, to quality of market information timely provided, including regulatory changes, quality of business relationships, which happens to be one of the most important, though the hardest condition to fulfil.
OTP banka d.d. thus achieved the highest score in the unweighted by size of customers’ assets (6.91), and weighted by size of customers’ assets (4.14), whereas in the unweighted customers’ assets category it was ranked second best (6.35).
These outstanding scores confirm that, despite these challenging times, customers still consider OTP banka to be one of the best providers of custody and safekeeping services for customers' assets.