OTP bank retail news

Nine post-product/market fit startups and scaleups will have the opportunity to cooperate with OTP Bank under the second batch of the credit institution’s international startup programme. Over the course of the three-month programme, the companies invited to join the scheme can test their products and services with the support of several bank departments, while also aiming to prove their maturity and readiness to develop a long-term cooperation with the banking group. Applications for OTP Bank’s second international startup and scaleup program were open from last October, and a great number...

OTP Bank Plc. announces that OTP Bank signed an acquisition agreement on purchasing 87.85% shareholding of Mobiasbanca – Groupe Societe Generale S.A. („SGMB”), the Moldovan subsidiary of Societe Generale Group. With a market share of 13.3%, SGMB is the 4th largest bank on the Moldovan banking market and as a universal bank it has been active in the retail and corporate segment as well. The financial closure of the transaction is expected in the coming months subject to obtaining all the necessary regulatory approvals. In addition to concluding the sales contract, the two banking groups...

OTP Bank will launch its second international accelerator program in the first months of next year and is accepting applications from growth-stage startups and scaleups until the end of November. 

OTP banka d.d., Domovinskog rata 3, 23000 Zadar is announcing sale of a part of NPL unsecured retail portfolio. Receivables will be sold as a unique package. We kindly ask all interested parties to contact us on the e-mail address: faktoring@otpbanka.hr until 9.10.2018.  

The 1H consolidated accounting profit was HUF 154.6 billion (+16% y-o-y). In 1H adjustment items comprised -HUF 15.6 billion (after tax) of which -HUF 1.4 billion appeared within 2Q accounting profit (after tax). Out of them four items should be mentioned: -HUF 1.8 billion (after tax) acquisition effect related mainly to integration costs at Splitska banka and Vojvodjanska banka; -HUF 187 million related to the Slovakian banking tax; +HUF 476 million (after tax): tax effect related to the recognition and reversal of impairment charges booked in relation to investments in certain subsidiaries...

OTP banka d.d., Domovinskog rata 3, 23000 Zadar is announcing sale of a part of NPL unsecured retail portfolio. Receivables will be sold as a unique package. We kindly ask all interested parties to contact us on the e-mail address: faktoring@otpbanka.hr until 24.05.2018.

After the integration on October 1, the new bank will operate under the name OTP banka Hrvatska with seat in Split. Through the transaction in May 2017, OTP banka became the 100% owner of Splitska banka. Since then, a very complex integration process has been implemented, which will be completed by the full merger on October 1st this year. After that, a unique bank will operate under the name OTP banka Hrvatska and will have its headquarters in Split. Through this merger, the fourth largest bank in Croatia is formed, strongly nationally present with a wide network of branch offices and ATMs...

OTP Group: balance HRK 44 billion, over 11 percent of market share in a diversified business network. The previous year in the OTP Group was marked by the takeover of Splitska banka in May, since when intensive work on the integration process that will be completed by 1 October this year is ongoing. The merger will create the fourth largest bank in Croatia, with strong national presence and predominant financial player in the coastal belt with a network of branch offices and ATMs. Along with intensive integration preparations OTP Group recorded excellent business results in 2017. With a...

The consolidated accounting profit was HUF 281.3 billion in 2017 versus HUF 202.5 billion in the base period. In 2017 as a whole adjustment items amounted to -HUF 2.7 billion (after tax). In 2017 OTP Group posted HUF 284.1 billion adjusted after-tax profit (+41% y-o-y), adjusted for the positive impact of the Splitska banka and Vojvodjanska banka acquisitions (in total HUF 11 billion) the increase would be 36% y-o-y. The annual corporate tax burden declined by HUF 6.2 billion partially reasoned by the y-o-y 10 pps lowerHungarian corporate tax rate, as a result the consolidated effective tax...

OTP banka was the special sponsor of the “Advent u Zadru” St. Lucia program, and donated HRK 10,000 to Sv. Filip i Jakov Rehabilitation Centre on the occasion. Director of Marketing and Corporate Communications Directorate Ivana Lončar Mašina presented the donation check to the Centre director Barbara Čirjak, who stated that they will use donated funds to improve conditions for the Centre beneficiaries.  Sv. Filip i Jakov Rehabilitation Centre provides service for children with developmental difficulties and adults with intellectual impairments. The Centre houses 89 beneficiaries, 88...