OTP bank retail news

OTP Group posted HUF 382 billion profit after tax in 2Q 2023. The q-o-q 96% improvement to a great extent was due to the increasing positive balance of adjustment items (1Q 2023: +HUF 7.6 billion, 2Q: +98.1 billion), the expanding total income supported also by one-off items, as well as positive risk costs. Furthermore, in 2Q the Slovenian Nova KBM contributed an entire quarter of net earnings versus its 2 months profit contribution included in 1Q. In 2Q 2023 adjustment items improved the consolidated profit after tax by HUF 98.1 billion. The major items were as follows: +HUF 84 billion...

Concluding a new sponsorship agreement with Hajduk F.C., OTP reinforces its status as the sponsor with longest running sponsorship of Hajduk F.C.. This time, the sponsorship is extended for the two following years. The Agreement was signed today by Lukša Jakobušić, president of the Board of Hajduk F.C., and Zvonimir Akrap, member of the Board of OTP banka in a ceremony that took place in the White Salon of the Poljud Stadium. Marinka Akrap, member of the Board of Hajduk F.C., and Silvija Bareša, director of Corporate Communications of OTP banka, were also in attendance.  “I would like...

Together with the City of Zadar, the Zadar County, and the tourist boards of the City and of the County, OTP banka presented the City and its people with a great concert in memory of the life and work of one and only, unforgettable Tomislav Ivčić. In a press conference held in Zadar today, we were proud to announce a great concert in memory of the life and work of Tomislav Ivčić, a great artist who touched our lives, and who died in an accident 30 years ago. Having decided wholeheartedly to support the initiative to organise a big open-air concert at the Zadar Forum, next to the church of St...

OTP banka d.d. signed a new sponsorship agreement with the Croatian National Theatre Split at the press conference on the occasion of opening of the 69th Split Summer Festival. “The partnership of our bank and the Split Theatre goes back decades. To be exact, our cooperation has been running for over 3 decades, of which we are quite proud. It is a display of our commitment to help create significant cultural events in this city, as well as our deep connection with the city and all its major events.  The relevance of the Theatre for our City, as well as the relevance of this Festival, is...

As a part of its donation scheme called “Green light to … better society“, OTP banka invited a tender for donation requests and chose 34 projects among which it will distribute the total of EUR 53,000.    Upholding the twelve-year long tradition, OTP banka d.d. invited the tender for donation requests, with eligible applicants from four categories: the young, education and science; protection heritage and environment; humanitarian projects and sports. The commission chose 34 projects that targeted raising the quality of life in the communities involved, among which the Bank will...

Global Finance has announced its selections for the 21st annual Best Sub-custodian Bank Awards in more than 80 countries. 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 local regulations and practices, as well as smooth handling of exception items. Global Finance also...

The Esplanade Hotel in Zagreb hosted a large press conference today where the Marin Čilić Trust presented a charity tennis tournament Game Set Croatia. This time, OTP banka joined forces with the Trust by sponsoring the project of a multi-purpose sports field development in the vicinity of Zadar. Paying great attention to, and actively promoting, social corporate responsibility, OTP banka d.d. decided to join other entities that support the work of the Trust set up by Marin Čilić, famous tennis player, which advocates the belief that, with suitable support, commitment and faith in oneself,...

A reputable financial magazine Global Finance named OTP banka the best bank in Croatia, and OTP Group the best financial group in Central and Eastern Europe. In addition, OTP Bank in Hungary, OTP Bank in Romania, SKB in Slovenia and CKB in Montenegro were named among top 30 banks in the region. This award is a recognition of enduring work and commitment in expansion and optimisation of activities throughout the region, and keeping an eye on the market and its requirements. Recognition of best banks in terms of services, stability and institutional knowledge is exceptionally important in the...

The overall performance of 2022 was shaped mainly by the direct and indirect impact of the war between Russia and Ukraine broken out on 24 February. As part of the acquisition activity, in 2022 OTP successfully completed the purchase of Alpha Bank in Albania, and the third quarter results already incorporated the balance sheet and P&L numbers of the newly acquired entity. On 6 February 2023 the purchase of Nova KBM in Slovenia was financially closed, the balance sheet and P&L numbers will be consolidated in the first quarter figures. The transaction represented the biggest ever...

OTP Round Up Fundraising Scheme was initiated by OTP banka and Mastercard in 2020. In the meantime, over 18,000 of our clients joined in and have been rounding up the sums they pay to the nearest whole kuna, and thus donating to better healthcare for children in Croatia. Their contributions, together with the initial donations of € 125,000 paid in by OTP banka and Mastercard at the start of each of three fundraising cycles so far, helped raise almost € 600,000 for children’s wards in 6 hospitals nationwide. The 4th cycle was initiated at the beginning of 2023, and we have been rounding up...