Press

The Group’s semi-annual profit after tax reached EUR 1,3 billion, and the ROE indicator hit 23.6%. The 12% y-o-y profit decline was explained by the one-off direct effects of the inclusion of the two newly acquired banks in 1H 2023; in 1H 2024 no adjustment items occurred. The half-year adjusted profit after tax increased by 28%, whereas the FX-adjusted growth without the on-going profit contribution of the two newly acquired banks reached 22%. The semi-annual total risk costs increased by 83%, within that credit risk costs moderated by 25% due to the releases in 1Q 2024 in the OTP Core,...

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...

OTP banka re-affirms its position as the leading custodian bank in Croatia. Global Finance has announced its selections for the 22nd annual Best Sub-custodian Bank Awards. The selection included banks in 83 countries and 7 regions in the world.  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...

The consolidated profit after tax of OTP Group rose to HUF 990.5 billion, an increase of almost 3 times y-o-y, as a result the annual ROE improved to 27.2% (+16.2 pps y-o-y). The balance of adjustment items showed -HUF 18 billion against -HUF 245 billion a year ago. Those items which were a drag on 2022 earnings and were related to the Russian-Ukrainian war practically disappeared or dropped substantially, namely goodwill impairment and the impairment recognized on the Russian government bonds, furthermore the balance of special taxes in Hungary also dropped by around 1/3 y-o-y. At the same...

OTP Group posted HUF 281 billion profit after tax in 3Q 2023. The q-o-q 26% drop was to a great extent due to the negative balance of adjustment items (2Q: +HUF 98.1 billion, 3Q: -HUF 26.5 billion). At the same time total income demonstrated further improving dynamics, while risk costs remained benign. The quarterly figures already incorporated the performance of Ipoteka Bank in Uzbekistan. In 3Q 2023 adjustment items were a drag on the consolidated profit after tax by around -HUF 26.5 billion. The major items were as follows: -HUF 24.1 billion effect of acquisitions (after tax), o/w -...

Every year, Euromoney presents awards for excellence in different categories of banking operations, and this year OTP banka d.d. was proclaimed country’s best bank for Digital Solutions and ESG. The renowned Euromoney magazine presents their Awards for Excellence based on the criteria that include ability to demonstrate growth and development, profitability, ability to adapt to changing market conditions and client needs. OTP banka d.d. in Croatia was presented two of these prestigious awards: for Digital Solutions and for ESG, which means that all steps taken towards digitalisation of...

We would like to inform you that the updated Data Protection Policy will come into force in November 24th 2023.  Amendments refer to point II. 4. Processing personal data based on legitimate interest and II. 8. Marketing purposes. More information can be found in the documents below: Data Protection Policy - IN FORCE Data Protection Policy - NEW

OTP Group posted HUF 382 billion profit after tax in 2Q 2023. The q-o-q 96% improvement to a great extent was due to the increasing positive balance of adjustment items (1Q 2023: +HUF 7.6 billion, 2Q: +98.1 billion), the expanding total income supported also by one-off items, as well as positive risk costs. Furthermore, in 2Q the Slovenian Nova KBM contributed an entire quarter of net earnings versus its 2 months profit contribution included in 1Q. In 2Q 2023 adjustment items improved the consolidated profit after tax by HUF 98.1 billion. The major items were as follows: +HUF 84 billion...

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...

A reputable financial magazine Global Finance named OTP banka the best bank in Croatia, and OTP Group the best financial group in Central and Eastern Europe. In addition, OTP Bank in Hungary, OTP Bank in Romania, SKB in Slovenia and CKB in Montenegro were named among top 30 banks in the region. This award is a recognition of enduring work and commitment in expansion and optimisation of activities throughout the region, and keeping an eye on the market and its requirements. Recognition of best banks in terms of services, stability and institutional knowledge is exceptionally important in the...