Press

OTP banka helped CMRS Zadar Station to purchase a border collie Tara which was certified as search and rescue dog. The bank also helped Zadar Station in purchasing a personal vehicle for everyday work. Maksimilijan Babić, head of the Croatian Mountain Rescue Service Zadar Station, presented recognition to OTP banka for contribution and unselfish help in the work and development of the Croatian Mountain Rescue Service. The recognition was received by Ivana Lončar Mašina, Director of marketing and corporate communications and Dujo Pešut, director of retail Business Center Northern and Central...

 The Board of OTP banka has adopted new Domestic payments fees, which shall apply as of 18 April 2016

As a part of a project „Green light for knowledge“ OTP banka continues to provide scholarships for students of poorer social status in 2016. Within last six years the bank invested in this project over three and a half milion kuna. In academic year 2015/2016, OTP banka will donate 500,000 kuna to 84 students of poorer social background from Zadar, Sisak, Benkovac, Župa dubrovačka, Nuštar, Jakšić and Kneževi Vinogradi. The scholarships are provided based on a tender and criteria of material and social status and general school success. This scholarship program is conducted in partnership with...

The banking group has still strong liquidity and capital position, with strong Hungarian and Bulgarian performance. The consolidated accounting profit for the last 12 months was HUF 63.2 billion versus a loss of HUF 102.3 billion in the base period. The material y-o-y change was related mainly to the adjustment items. In 2015 the total volume of adjustments amounted to HUF -57 billion after tax, which is materially lower than HUF -220 billion booked in the base period. In 4Q 2015 adjustment items represented HUF +10.1 billion after tax (3Q: -38.3 billion). OTP Group posted HUF 120.2 billion...

AXA Bank Europe SA and OTP Bank signed a business unit purchase agreement with AXA Bank Hungary. The transfer of the business unit agreement includes AXA Bank's retail credit and savings, as well as corporate area and the employees of AXA Bank. The retail-focused AXA Bank is present in Hungary since 2009. AXA Bank offers innovative online customer service in the savings business, and it is mainly considered to be strong in mortgage lending in the domestic market. After the completion of the purchase OTP Bank's mortgage portfolio will increase with almost 25%. The largest Hungarian financial...

Although in the 3q OTP Group’s profit has decreased, the first nine month showed positive developments on y-o-y. The banking group has still strong liquidity and capital position. The 9M accounting after tax profit was HUF 36.5 billion versus HUF 113.2 billion loss in the corresponding period of last year. However, those periods are hard to be compared since adjustment items varied a lot. In 9M 2015 within the Group’s accounting result the 9M adjustments represented more than HUF -67 billion in total against HUF -221 billion in the base period. In 9M 2015 OTP Group posted around HUF 104...

Within its “Green Light for Knowledge“ program, OTP banka marked the World Savings Day by organizing visits of kindergartners and elementary school children to its branch offices across Croatia. Children from Zadar were also able to enjoy the company of OTO, OTP banka Children’s Savings mascot. Almost all of around 100 OTP banka branch offices welcomed children and their educators between October 26 and 30. Branch managers took the time to explain all that they need to know about savings, while OTP banka prepared gifts for little visitors as well. On World Savings Day, October 31, out little...

In 1H 2015 OTP Group posted HUF 68.9 billion adjusted after tax profit. The 1H accounting after tax profit was HUF 40.1 billion versus HUF 147.3 billion loss in the corresponding period of last year. However, those periods are hard to be compared since adjustment items varied a lot. As a result, in the Group’s accounting result the 1H adjustments represented HUF -28.8 billion in total against HUF -221.6 billion in the base period. In 1Q 2015 those items represented HUF -26.4 billion, whereas in 2Q their magnitude melted to HUF -2.4 billion. The FX-adjusted consolidated loan portfolio...

Within its program "Green Light for ...  Better Society" OTP banka selected 40 projects on a public tender to award a total of HRK 400,000. OTP banka had been organizing public donation tenders for the past three years, enabling orgnizations to apply projects in four categories: youth, education and science, preservation of cultural, historical and traditional heritage and environmental protection, humanitarian projects and sports. Hundreds of applications were submitted from all over the Croatia and the commission has chosen 40 projects that have distinguished themselves with quality...

OTP Group posted HUF 28.3 billion adjusted profit in 1Q 2015 which means a 20% decline y-o-y, but massively exceeds the previous quarter. The significant quarterly improvement is reasoned mainly by lower risk costs, but the operating profit also improved by 8%. The quarterly accounting profit was HUF 1.9 billion versus a profit of HUF 10.9 billion in the previous quarter and HUF 5.9 billion in 4Q 2014. In 1Q 2015 the total volume of adjustments amounted to -HUF 26.4 billion. The most important adjustment items were the special banking tax imposed on the Hungarian and Slovakian banks (HUF -28...