Press

Consolidated earnings: close to HUF 251 billion 1H adjusted profit after tax (2Q: HUF 162 billion), q-o-q improving NIM, significant decrease in risk costs, stable portfolio quality, ytd 8% increase in performing loan volumes (FX adjusted, without the Russian and Ukrainian volumes). Considering OTP’s exposures to Russia and Ukraine at the end of 2Q 2022, it is important to note that while volumes didn’t change in RUB/UAH terms or even declined, due to the depreciation of HUF their weight within the Group increased q-o-q. Accordingly: the combined weight of Ukrainian and Russian assets out...

By signing a new contract with the Croatian National Theatre in Split at the press conference announcing the opening of the Split Summer Festival, OTP banka confirmed a partnership that has been going on for over three decades. The contract was signed by the member of the Board Mr Zvonimir Akrap on behalf of OTP banka and manager of the Croatian National Theatre in Split Mr Srećko Šestan. "It is our pleasure to continue more than three-decade-long partnership between the Split theatre and OTP banka. Tradition and partnership are some of our values, and in this way,  we once again prove...

The new sponsorship agreement testifies to the long-term status of OTP banka as one of the most important partners of the Jug Adriatic osiguranje, the current champions of Croatia and the most trophy-winning Croatian water polo club.  The new sponsorship contract with which OTP bank continues its more than two-decade-long tradition of supporting Dubrovnik water polo players was ceremoniously signed at the swimming pool in Gruž. The agreement was signed by the president of the Board Mr Balázs Békeffy, on behalf of OTP banka who said: I congratulate Jug on winning another title. As a...

By signing a two-year contract on business cooperation at the Šibenik Fortress of St. Michael today, the partnership between OTP banka and Fortress of Culture Šibenik that started last year, continued. The contract was signed by the President of the Board, Mr Balázs Békeffy, on behalf of OTP banka and Ms Gorana Barišić Bačelić, director of the Fortress of Culture Šibenik. "The business policy of OTP banka is, in addition to providing superior financial services to all its clients, building deep connections with all the local communities in which it operates. A year ago, we started our...

Upon a public tender for awarding of donations and as a part of its scheme “Green light…for a better society” OTP banka d.d. selected 35 projects to which it will donate a total of HRK 500,000. For the eleventh year in a row, OTP Bank has organized a public tender for the awarding of donations to projects in four categories: youth, education and science, preservation of cultural, historical and traditional heritage, and preservation of the environment, humanitarian projects and sports. The public tender committee for the awarding of donations selected 35 projects from hundreds 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 banka d.d. welcomes all initiatives aiming at environmental protection and other factors that define investments as sustainable, including environmental, social and employee issues, as well as issues related to respect for human rights and the fight against with corruption and bribery. The Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (hereinafter referred as: Regulation) is considered to be a milestone in the ESG related EU legislation by requiring the disclosure of specific information on...

OTP BANKA d.d. welcomes all initiatives aiming at environmental protection and other factors that define investments as sustainable, including environmental, social and employee issues, as well as issues related to respect for human rights and the fight against with corruption and bribery. The Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (hereinafter referred as: Regulation)  is considered to be a milestone in the ESG related EU legislation by requiring the disclosure of specific information...

Currently it is difficult to quantify the ramifications of the Russian-Ukrainian conflict on the Russian and Ukrainian operations, potential scenarios vary over a wide spectrum. Assuming that the conflict doesn’t exert a material negative effect on the rest of the Group, the 2022 performance of the rest of the Group, i.e. without the Russian and Ukrainian operations, might develop as follows: Performing (Stage 1+2) organic loan volume growth might be around 10% y-o-y (FX-adjusted). Following the steady erosion during the last couple of years the net interest margin may stabilize. The...

Once again, as part of the “Green light to knowledge” programme, OTP banka has decided to give scholarships to students coming from low-income families and to full-time students recognised for their outstanding sporting achievements. Over the past twelve years, the bank set aside more than seven and a half million kunas for this particular programme. Education is the foundation on which any society builds its future, where the young who have the zeal, but lack the funds to educate themselves and improve upon their knowledge and skills are one of the most sensitive groups. Ever since 2010, in...