Press

S&P Global Market Intelligence published its inaugural ranking of Europe’s best-performing banks this July, revealing OTP Group as Europe's top performer in 2023.  Such an excellent ranking was propelled by a healthy mix of growth and particular financial indicators. S&P Global Market Intelligence ranked Europe’s 50 largest publicly traded banks by assets according to seven weighted financial metrics including return on average equity, net interest margin, noninterest income/average assets, cost-to-income, problem loan ratio, net stable funding ratio and common equity Tier 1...

Global Finance has announced its selections for the 21st annual Best Sub-custodian Bank Awards in more than 80 countries. Global Finance’s editorial board considered market research, input from expert sources and entries from banks to select the institutions that reliably provide the best services in local markets. The criteria included customer relations, quality of service, competitive pricing, technology platforms, business continuity plans and knowledge of local regulations and practices, as well as smooth handling of exception items. Global Finance also...

For the seventh year running, Global Investor/ISF magazine declared OTP banka 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 the runner-up in the third category. The Global Investor Magazine’s awards for custodian services are divided into 3 categories: 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 criteria were taken into consideration, amongst which provision of...

OTP banka confirmed its status of one of leading custodian banks in Croatia  Global Finance magazine has published the results of its 20th election for the award of the best Sub-Custodian bank. The election is held in over 80 countries around the world. For choosing the best bank in every market, the editorial board of the Global Finance magazine based its choice on market research, the opinion of experts in this field, and finally the data obtained from the banks. Selection criteria include customer relationship, quality of service, competitive price of service, technology, business...

OTP participated in two successful international bond transactions in November this year. As part of a syndicate of dominant investment banks in the international bond market, OTP Bank supported as lead manager the issue of international sovereign bonds by the Republic of Albania at a total face value of EUR 650 million. As co-distributor it also participated in the first international EUR 500 million bond issue of MVM Zrt. Including Croatia’s government bond issuance in February, OTP Bank participated in three successful international bond issuance transactions this year...

The most prestigious financial magazine The Banker selected OTP banka d.d. as the Bank of the Year in Croatia in 2021.  OTP Bank in Hungary won the title in the same category. OTP Group is the regional champion of Central and Eastern Europe, , due to its advanced activities and the energetic expansion throughout the whole region. The Banker magazine, whose 95-year tradition guarantees a critical and comprehensive review of business results, progress, but also the overall activities of financial institutions in the area in which they operate, gave the greatest recognition to OTP banka d....

Having obtained the necessary approvals of the Croatian National Bank and the Hungarian Central Bank, yesterday OTP banka d.d. concluded a transaction whereby it acquired a majority holding in the company Georg d.o.o. Zagreb. The Bank entered into the related Agreement for Sale and Purchase of Shares with this company mid-February this year, wishing to provide its clients even more comprehensive service, that is, more concrete from the consultancy point of view, and availing them of even more opportunities to expand their business. Georg d.o.o. is one of the leading consultancy companies in...

OTP Bank has signed a share sale and purchase agreement to purchase 100% of Slovenia’s Nova KBM d.d., owned by funds managed by affiliates of Apollo Global Management, Inc. (80%) and EBRD (20%). The acquisition of the bank is the most significant acquisition in the history of OTP Group enabling the banking group to become the market leader in Slovenia. The transaction is expected to close in the second quarter of next year, subject to obtaining all required regulatory approvals. Nova KBM d.d. (Nova KBM) is Slovenia's second largest bank with a market share of 20.5% in terms of total assets...

OTP Bank organized the online Demo Day of its group-level startup partnership programme on 26th May, where 15 later-state startups and scaleups presented the results of their 3-month pilot projects executed in collaboration with Albanian, Bulgarian, Montenegrin, Serbian and Ukrainian group members besides the Hungarian headquarters. OTP employees, including executives of the banking group, investors, and representatives of the Program’s international partner network followed the virtual closing event. The development of the best solutions is set to continue: projects with the highest business...

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...