Press

The banking group has still strong liquidity and capital position, with defining Hungarian and Bulgarian performance. The consolidated accounting profit was HUF 202.5 billion in 2016 versus HUF 63.2 billion posted in 2015. Against the last couple of years this time adjustment items had a limited impact on the annual accounting profit. In 2016 OTP Group posted HUF 201.2 billion adjusted after tax profit (+67% y-o-y). The tax burden increased by almost HUF 18 billion y-o-y, but the effective tax rate remained almost unchanged (17.8%). The operating income eroded by 7%, however it was...

OTP banka introduced the most innovative loyalty program on the market - OTPetica, multi-functional application which allows users to collect points and win prizes, along with getting educated about banking products and services. After a year of preparations, following development of digital trends, OTPetica loyalty program was presented as a part of ongoing bank's investments in individualization of products and services. Application is free of charge for OTP clients and it can be easily accessed through its online channels - eLEMENT@ internet or mobile banking. It is designed in a way that...

OTP Bank Plc. announces that OTP banka Hrvatska, the Croatian subsidiary of OTP Bank signed an acquisition agreement on purchasing 100% shareholding of Splitska Banka, member of Société Générale Group. Societe Generale Splitska is the 5th biggest player on the Croatian banking market and as a universal bank it has been active in the retail and corporate segment as well. As a result of the acquisition the market share of OTP Group will rise to approximately 10%. OTP Bank has been present in Croatia since 2005 and its operation has been continuously profitable even during the economic crisis...

“Iktus” Rowing Club has been successful for almost half a century; it began operating in 1967 as “Osijek” RC, and changed the name to “Iktus” RC in 1972. Inheriting the rowing tradition that reaches back to 1892 in Osijek, in the past several years the club achieved its best results so far. Increasing number of youth enrolls into the clubs rowing school each year, so the club wants to secure the best training conditions to young rowers by expanding and refurbishing the club HQ, securing a large enough space for boats, changing rooms and winter training spaces. “Iktus” won support on OTP...

OTP banka traditionally marks World Savings Day by organizing visits of school and kindergarten children to banks around the country, this year held between October 24 and 31. Our branch managers simply explain bank business and banking profession and point the importance of saving and smart money handling from young age. Branch managers have answered many interesting children’s questions, and the kids were happy to receive presents. With its traditional program “Green light for knowledge”, OTP banka encourages development of education and science, so World Savings Day was an occasion to...

At the end of June, Osijek Clinical Hospital Centre building was severely damaged in strong windstorm. OTP banka donated funds at the beginning of July to replace destroyed medical equipment in Osijek CHC, and participated in collecting funds for rebuilding Pediatric Ward roof. Internationally acclaimed violinist Zoltán Mága, within his concert tour entitled “Voices and Bells”, held a humanitarian concert in Osijek’s St Peter and Paul’s Co-cathedral on September 28. Entire proceedings of the concert were donated for refurbishing Osijek CHC Pediatric Ward. The concert was organized by...

Final station of this year education within the project “Active Croatia” was Zagreb where the training took place on September 10 on Franjo Tuđman Square within European Sport Week. Joint exercise in this project was also held at the end of July on Falkensteiner hotela&spa Iadera terrace in Petrčane near Zadar, where the training was led by Sandra Petra Pintarić, one of most famous Croatian yoga instructors. Training was intended for all age groups and consisted of breathing techniques, position exercise, warming up and traditional positioning. “OTP banka has been investing in various...

“Slatina” Wrestling Club won funds at OTP banka’s donation tender for “Wrestling is Life” project. The club was founded in 1972 and recorded significant successes on domestic and international competitions through the years. In recent years, this club is among the best in Croatian wrestling and has several times been proclaimed the most successful sporting club in Slatina and Virovitica-Podravina County. The club raised several national team members in younger categories, while its members participate on all domestic and international wrestling competitions.  

The banking group results exceed analysts’ expectations. Similar to previous periods OTP Group maintained a strong and safe liquidity position, with significant profit improvement. The consolidated accounting profit was HUF 71.9 billion in 2Q, more than double reached in the previous quarter as a result the half year accounting profit increased to HUF 106.2 billion (+165% y-o-y). In 1H 2016 OTP Group posted HUF 104.1 billion adjusted after tax profit which is materially higher than the net earnings realized in the base period (HUF 69 billion). The y-o-y 51% increase is almost entirely...

This year again OTP banka helped organizing Zadar Theater Summer and second Zadar Jazz & Blues festival held within. 22nd Zadar Theater Summer started with Matija Dedić's solo concert on June 29, and ended on August 3 and 4with “Bepo and Marijeta“ play. Zadar Jazz & Blues on the terrace of Museum of Ancient Glass brought three musical evenings with Fred Wesley & The New JBs, Saskia Laroo and NO BS! Brass Band.