Press

The consolidated accounting profit was HUF 79.3 billion in 3Q 2017 (-2% q-o-q). During the last three months the following adjustment items appeared: HUF 189 million negative tax effect related to the reversal of impairment charges booked in relation to OTP Mortgage Bank; HUF 155 million (after tax) in relation to the Splitska banka transaction on the Effect of acquisitions line; the quarterly Slovakian banking tax (-HUF 162 million after tax); HUF 302 million dividends and net cash transfers (after tax). As a result, the total amount of adjustment items within 3Q 2017 accounting profit...

OTP banka Hrvatska was awarded for its CSR efforts and achievements in CSR communication, among top 10 companies in Croatia and as the only bank among them. Following an extensive research conducted among Croatian companies, organized by Croatian Employers Association, Global Compact Network Croatia, Good Croatia (business initiative for promotion of CSR) and MEP publishing house, ten companies were selected as top-class examples of excellent CSR communication.  Besides conducted research, the award committee analyzed the CSR content on corporate web, Facebook, Youtube and other...

OTP banka is the first bank in Croatia to use its own energy sources. After commissioning of solar power plants in Dubrovnik and Zadar, the third solar power plant in Pula began operating. OTP banka opened a new solar power plant on the rooftop of their business centre in Pula. Photovoltaic power system of 30 kW will produce electricity for the needs of local consumers in the building - air conditioning, lighting, IT infrastructure, lifts and more. Planned annual electricity production is 40 MWh, and it is expected that all energy production will be consumed for the needs of the...

Hungarian small, medium-sized and large agricultural enterprises —with neighbouring countries as potential primary target markets— have a significant export potential even on the level of national economy. Domestic agricultural businesses, however, need to meet the following three major challenges if they are to be successful in foreign trade: profound knowledge of the target markets, extensive networks of relationships and a stable financial background for the required investments. Having recognised these needs, OTP Bank has launched a series of events, called Cross-Border Business Forum,...

Continuing the longstanding tradition of partnership with the Dubrovnik Summer Festival, OTP banka secured HRK 180,000 this year for the donation of the premiere performance of the drama "Držić – Viktorija od neprijatelja". At the press conference held on the occasion of the permiere, Director of Business Center Dubrovnik and Southern Dalmatia Ante Režić presented the check to the director of the Games Ivana Medo Bogdanović. The play "Držić - Viktorija od neprijatelja" directed by Ivica Boban and according to the dramatic concept of Hrvoje Ivanković is set on the occasion of the 450th...

The consolidated accounting profit was HUF 80.7 billion in 2Q 2017 (+53% q-o-q). During the last three months four adjustment items appeared: certain, mainly one-off items emerged in relation to the Splitska banka transaction in 2Q; HUF 782 million negative tax effect related to the write-back of impairment losses at three Hungarian subsidiaries; HUF 209 million dividends and net cash transfers (after tax); the quarterly Slovakian banking tax (-HUF 169 million after tax). As a result, the total amount of adjustment items to 2Q 2017 accounting profit represented +HUF 2.4 billion (after tax)....

The representatives of the National Bank of Greece (NBG) and OTP banka Serbia (OBSr) have signed the agreement on the sale of Vojvodjanska banka, NBG Leasing and other Serbian exposures of the NBG Group. The agreed consideration for the share capital of Vojvodjanska banka and NBG Leasing amounts to EUR 125 million. As a result of the acquisition, the market share of OTP banka Serbia will rise to 5.7 percent, thus it will become the 7th largest bank of the Serbian banking market. “Over the recent years, OTP banka Serbia has achieved continuous growth and, according to our expectations, this...

Within its program "Green Light for ... a Better Society" OTP banka selected 44 projects on a public tender to award a total of HRK 400,000. For the sixth year in a row, OTP banka organized a public tender for donations, enabling organizations to apply with projects in four categories: youth, education and science, preservation of cultural, historical and traditional heritage and environmental protection, humanitarian projects and sports. Nearly 1,300 applications were submitted from all over Croatia and the tender commission has chosen 44 projects according to their quality and clear...

The consolidated accounting profit was HUF 53 billion (+54% y-o-y). In line with the management’s guidance only one material adjustment items appeared in 1Q 2017, namely the banking tax in the amount of HUF 14.7 billion). This amount includes the full-year Hungarian levy booked already in 1Q in a lump-sum, as well as the quarterly part of the Slovakian banking tax. In 1Q 2017 OTP Group posted HUF 66.8 billion adjusted after-tax profit (+136% q-o-q and +40% y-o-y). Key components of the improvement: on one hand the significant decline in risk costs and the effective tax rate moderated, too,...

Starting with this week, OTP banka and Splitska banka have enabled their clients, physical persons, the use of ATMs in both networks without fees. Banks jointly have a strong network of over 520 ATMs across Croatia. Splitska and OTP banka clients can withdraw cash using their debit cards on all ATMs in both banks' network. Cash withdrawal without fees pertains to debit cards of physical persons – clients of both banks. In case of other cards, fees for the use of other bank's ATM will be the same as stipulated by their bank. After the closed transaction by which OTP banka took over Splitska...