Press

The Council of the Croatian National Bank passed the decision to grant the approval for the appointment of Ivan Šimičević to the position of a member of the Board of OTP banka d.d. Based on the mentioned decision, today, on 15th March 2021, he assumed the position of the OTP banka d.d. Board member in charge of the Operations and IT Division. Ivan Šimičević was born in Zadar in 1985, and finished primary and secondary education in his hometown. He earned a degree in finances and banking from the Faculty of Economics in Rijeka in 2010. His career in banking started when he joined OTP banka in...

Despite the extraordinary challenges triggered by the pandemic, in 2020 the overall operation of the Group remained uninterrupted. It was quite an achievement that out of the previous acquisitions, the Bulgarian integration was completed in early May 2020, as well as the Montenegrin one in December. The sale of the Slovakian subsidiary was completed by the end of November. The integration process in Serbia has been proceeding smoothly and according to the plans it is going to be completed in 2Q 2021. The total volume of adjustment items in 2020 represented -HUF 50.6 billion (after tax)...

OTP banka d.d. will donate HRK 1.5 million to the Sisak General Hospital for replenishment of their medical equipment, for new devices and refurbishment of the buildings that sustained damage in the devastating earthquake. The Bank will also set aside an additional million to help the City of Sisak and the Sisak and Moslavina County. Through its programme Green light to entrepreneurs, it will provide necessary aid to the affected entrepreneurs. A special fund of HRK 500,000 has been set aside for Bank’s own employees whose homes have been damaged in the earthquake. Many of our fellow...

OTP closed the third quarter with a consolidated profit after tax of HUF 113.573 billion, so the profit for the first nine months of this year increased to HUF 188.171 billion at group level. OTP’s management is committed to pay dividend after 2020 in such a magnitude that it also compensates shareholders for the originally proposed divident after 2019, for which the pay-out was stopped at the request of the regulator. The 9M consolidated accounting profit exceeded HUF 188 billion which already incorporated HUF 7.6 billion profit contribution from the Slovenian SKB Banka being part of the...

Within its new programme of awarding financial institutions and companies throughout the world, magazine Global Finance awarded OTP banka d.d. for Outstanding Crisis Leadership, for its relationship with both its clients and the community during the crisis caused by the Coronavirus pandemic. In 2020, all business entities were faced with unthinkable challenges that included not only business skills, but also protecting the health of their employees and clients, especially taking care of the society’s most vulnerable groups. Since this has become a completely new business environment, the...

As a part of its donation scheme called “Green light to … better society“, OTP banka invited the tender for donation requests and chose 37 projects among which it will distribute the total of HRK 500,000. This is the ninth consecutive year that OTP banka d.d. has been inviting tenders for donation requests for projects within four different categories: the young, education and science; protection of cultural, historic and traditional heritage and environmental protection; humanitarian projects and sports. We received several hundred applications from all over Croatia, out of which our...

Programme that has shown once again that joint efforts put into little things can make a big difference! Sometimes it takes so little to bring a smile back to someone's face, and a little goes a long way. This is basically the message spread by the new donation programme OTP Round up, launched by OTP banka d.d. and Mastercard, striving to provide the best treatment possible to our youngest patients in hospitals across Croatia. One of the most renowned musicians in Croatia – Gibonni – and world champions in sailing – Fantela brothers –  have supported the programme, and this year’s...

For the fifth year in a row, OTP banka d.d. has been selected the best custodian bank in the Republic of Croatia in the unweighted category in the choice of Global Investor /ISF magazine, earning an exceptionally high rating (6.73). Over ten criteria had to be met, amongst which settlement services and corporate actions, quality of market information timely provided, including regulatory changes and business relationship quality, which happens to be one of the most important, though the toughest criteria to be met. OTP banka d.d. thus won the highest unweighted ratings as judged by the size...

In addition to a substantial provision, OTP Group closed the second quarter with a consolidated profit of HUF 78.7 billion after tax. This performance is lower than in the same period last year, due to the economic impact of the virus situation, but is 19% higher than preliminary analysts' expectations. OTP’s management is committed to pay dividend after 2020 in such a magnitude that it also compensates shareholders for the originally proposed divident after 2019, for which the pay-out was stopped at the request of the regulator. 1H 2020 after-tax profit was shaped mainly by the volume of...

OTP banka finalised the donation cycle within the initiative named “Green light to those who help” where during one month it made donations to the total of 25 associations and projects dealing with and aimed at mitigating the difficulties and challenges caused by COVID-19 epidemic. In addition to the associations we have been donating so far, our employees decided to make a donation to the association of women receiving cancer treatment "Sve za nju" (All for Her) from Zagreb, to contribute to the procurement of two suction devices by the “Kolibrići” association, and to enable the dance...