Press

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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,...

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...

OTP banka has once again shown its commitment to social responsibility and support to local communities. A total of 40 colleagues from OTP banka participated in the volunteer action held on May 28 in SOS Children's Village Lekenik. At the end of this commendable campaign, the member of the Board of OTP Bank, Mr Nikola Mikša, handed over a significant donation in the amount of EUR 15,000 to the SOS Children's Village Croatia Association, which has been providing a caring home for children without proper parental care for 32 years in two SOS Children's Villages in Lekenik and Ladimirevci....

After the donation to the hospital in Zadar in the amount of EUR 103,406, today the Osijek Clinical Hospital Centre was also presented a check for the same amount collected in the OTP round up fund raising scheme, which was launched by OTP Bank in cooperation with Mastercard back in 2020. The scheme brought together almost 20,000 donors whose generosity made it possible to procure equipment and refurbish children's wards in Croatia. In addition, support was provided by other initiatives such as the humanitarian chess tournament Damin's Gambit in the Croatian style and the Greencajt conference...

The renowned financial magazine Global Finance named OTP banka the best bank in Croatia, and OTP Group the best financial group in Central and Eastern Europe this year again. OTP bank in Hungary and members of the group: Nova KBM in Slovenia and CKB in Montenegro were also named the best in their respective countries in the region. For decades, corporate decision-makers have relied on precisely the Global Finance's best bank awards. Global Finance magazine's awards and recognition programs are a trusted standard of excellence for the financial industry. They are backed by a 37-year history...

OTP Round Up! fund raising scheme launched by OTP banka in cooperation with Mastercard gathered a family of almost 20 thousand good people who have done great things together by setting aside small amounts of money.  Other donation initiatives such as the humanitarian chess tournament Damin's Gambit in the Croatian style and the Greencajt conference contributed as well which increased the raised amount.  Thanks to all of them and the initial donation of 125,000 euros paid by OTP banka and Mastercard at the beginning of each donation cycle, we have so far helped procure the...

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 banka is proud of the fact that it pays great attention to cooperation with the academic community. In addition to supporting numerous student projects and initiatives, participating in conferences and workshops, implementing its scholarship program for low-income students and students with exceptional sports achievements, OTP banka, in continuous cooperation with faculties, tries to contribute to the best possible conditions for education. It provides support to students by enabling apprenticeship, creating a place where they can get their first job. This is precisely why it set aside a...

OTP banka is proud of the fact that corporate social responsibility is an integral part of its business processes, and that it contributes to the initiation of positive changes in the areas where it operates. That is precisely why the bank swiftly answered the needs of the KBC Zagreb Neurosurgery Clinic for the acquisition of equipment necessary for performing neurosurgical operations. Mr Ivan Šimičević, member of the Board of OTP banka handed over a donation check to Prof.dr.sc. Ante Ćorušić and to the head of the NEUROSURGERY CLINIC of KBC Zagreb, Prof. Dr.Sc. Goran Mrak in the premises of...