OTP bank retail news

In 2014, OTP banka continued to strengthen its market shares in all strategic segments. With the successful integration of BPC and fully covered acquisition costs, OTP banka recorded profit. Along with successful integration of Banco Popolare Croatia, OTP banka ended 2014 with HRK 155.2 million net profit. Banking business operations exceeded planned values in the segment of operating income and lower operating costs. Income from interest in the previous year was under the negative impact of the reduction of interest rates on retail loans, conditioned by the drop of the reference interest...

After seven months, the process of integrating of the two banks is successfully completed. On December 1, 2014, legal and IT integrations of Banco Popolare Croatia into the OTP banka system were finalized. Decision made by the Commercial Court in Zadar on December 1, 2014 OTP banka concluded legal integration process of Banco Popolare Croatia. OTP banka started the integration project after the purchase of BPC on April 24 this year. In an impressive period of only seven months the integration was prepared, while preparations for technical integrations were concluded within four months....