Press

Keeping up with years-long tradition of supporting Dubrovnik Summer Festival, OTP banka donated HRK 180,000 for this summer's last premiere of the play “Lion Head”, based on the novel by author Ivan Salečić. On the occasion of the premiere, Josipa Vodenac, Director of the OTP Bank Business Centre Dubrovnik and Southern Dalmatia presented a cheque to a the Festival’s Creative Director Dora Ruždjak Podolski, adding: „It is a great privilege to OTP banka to be the traditional sponsor of the Dubrovnik Summer Festival, which has been rightfully credited with development and recognisability of...

OTP Group closed the second quarter with a profit more than analysts' expectations, with a consolidated profit after tax of HUF 121.8 billion, which is 31 percent higher than in the previous quarter and 55 percent higher than a year earlier. For the first six months Group-level trends overall played out positively. At the same time, the potential 4th wave of the pandemic justifies being cautious, though the expected macroeconomic impact is expected to be much lower, according to current forecasts. According to the management guidance: On the back of the ytd performing (Stage 1+2) loan...

OTP banka and Tvrđava kulture (Fortress of Culture) Public Institution signed a sponsorship agreement at St Michel’s Fortress in Šibenik today, thus marking the beginning of a new story of enticing and developing of the cultural life of the town and the local community, this time with support of the partner that believes that fostering cultural events constitutes an important aspect of its social footprint.  On behalf of Tvrđava culture, the Agreement was signed by Gorana Barišić Bačelić, and on behalf of OTP banka by Slaven Celić, Board member.  “We all take pride in the fact...

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...

Testifying to its long-term efforts in development of sustainable business operations and social responsibility, OTP banka joined the Croatian Business Council for Sustainable Development. OTP banka has been developing own approach to sustainable business operations and responsibility for years. We take part in the development of the communities in which we do business and live through our projects under the brand name “Green light to…“. Integrating the principles, standards and criteria of sustainable development into our business operations, responsible approach to the issue of climate...

In face of extreme challenges put before us this year, OTP banka opted to sponsor the Split Festival, recognising the new concept and wishing to support one of the most beautiful traditions in Split. Upon signing of the sponsorship agreement, Mr Zvonimir Akrap, member of the Board of OTP banka said: “Although our Bank has been present nationwide for a while now, our roots are here and we wish to encourage worthwhile events and especially traditions of this city. The Split Festival has long proved its repute not only on the local level, but nationwide, and it is our great pleasure to support...

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. Upholding the ten-year long tradition, OTP banka d.d. invited the tender for donation requests, with eligible applicants from four categories: the young, education and science; protection of cultural, historic and traditional heritage and environmental protection; humanitarian projects and sports. A few hundred requests for donations submitted from all over Croatia made it very difficult...

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...

Despite temporary lock down measures introduced in many countries the operation of OTP Group remained uninterrupted in 1Q. The second Serbian integration has been progressing smoothly and was successfully completed on 30 April 2021. The total volume of 1Q adjustment items represented -HUF 24 billion within the accounting earnings of HUF 93.3 billion (after tax) which is around half of the magnitude of whole year 2020 adjustments. There were three major items occurring in 1Q: almost -HUF 19 billion banking tax at the Hungarian operation; -HUF 3.5 billion effect of acquisitions (after tax)...