OTP bank retail news

21.12.2021.
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...
02.12.2021.
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....
08.11.2021.
For the first nine months Group-level trends played out overall positively. According to the management guidance: Based on the ytd performing (Stage 1+2) loan volume growth of 11%, the loan book might expand by around 15% (FX-adjusted) for the whole year. Assuming that positive risk trends continue to prevail, adjusted ROE for 2021 may end up between 18-20%. OTP Bank’s management is committed to distribute dividends, including the HUF 119 billion dividend amount after 2019 and 2020, which had been already deducted from the regulatory capital. Regarding the dividend to be paid out after...
12.08.2021.
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...
13.07.2021.
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...
02.07.2021.
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...
30.06.2021.
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...
24.06.2021.
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...
14.06.2021.
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...
01.06.2021.
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...