OTP bank retail news

OTP banka confirmed its status of one of leading custodian banks in Croatia  Global Finance magazine has published the results of its 20th election for the award of the best Sub-Custodian bank. The election is held in over 80 countries around the world. For choosing the best bank in every market, the editorial board of the Global Finance magazine based its choice on market research, the opinion of experts in this field, and finally the data obtained from the banks. Selection criteria include customer relationship, quality of service, competitive price of service, technology, business...

OTP banka d.d. welcomes all initiatives aiming at environmental protection and other factors that define investments as sustainable, including environmental, social and employee issues, as well as issues related to respect for human rights and the fight against with corruption and bribery. The Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (hereinafter referred as: Regulation) is considered to be a milestone in the ESG related EU legislation by requiring the disclosure of specific information on...

OTP BANKA d.d. welcomes all initiatives aiming at environmental protection and other factors that define investments as sustainable, including environmental, social and employee issues, as well as issues related to respect for human rights and the fight against with corruption and bribery. The Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (hereinafter referred as: Regulation)  is considered to be a milestone in the ESG related EU legislation by requiring the disclosure of specific information...

Currently it is difficult to quantify the ramifications of the Russian-Ukrainian conflict on the Russian and Ukrainian operations, potential scenarios vary over a wide spectrum. Assuming that the conflict doesn’t exert a material negative effect on the rest of the Group, the 2022 performance of the rest of the Group, i.e. without the Russian and Ukrainian operations, might develop as follows: Performing (Stage 1+2) organic loan volume growth might be around 10% y-o-y (FX-adjusted). Following the steady erosion during the last couple of years the net interest margin may stabilize. The...

Once again, as part of the “Green light to knowledge” programme, OTP banka has decided to give scholarships to students coming from low-income families and to full-time students recognised for their outstanding sporting achievements. Over the past twelve years, the bank set aside more than seven and a half million kunas for this particular programme. Education is the foundation on which any society builds its future, where the young who have the zeal, but lack the funds to educate themselves and improve upon their knowledge and skills are one of the most sensitive groups. Ever since 2010, in...

OTP participated in two successful international bond transactions in November this year. As part of a syndicate of dominant investment banks in the international bond market, OTP Bank supported as lead manager the issue of international sovereign bonds by the Republic of Albania at a total face value of EUR 650 million. As co-distributor it also participated in the first international EUR 500 million bond issue of MVM Zrt. Including Croatia’s government bond issuance in February, OTP Bank participated in three successful international bond issuance transactions this year...

OTP banka d.d. and the Union of Bank and Financial Employees concluded a new three-year Collective Bargaining Agreement, allowing bank employees to hold onto all their existing rights, whilst acquiring some new ones. On the 7th of December, the new Collective Bargaining Agreement was concluded in Split. It will cover the period from 01 January 2021 to the end of 2024. On behalf of the bank, the Agreement was signed by Balázs Békeffy, president of the Board, and by Petar Perković, head union representative, on behalf of the Union of Bank and Financial Employees. The new Collective Bargaining...

The most prestigious financial magazine The Banker selected OTP banka d.d. as the Bank of the Year in Croatia in 2021.  OTP Bank in Hungary won the title in the same category. OTP Group is the regional champion of Central and Eastern Europe, , due to its advanced activities and the energetic expansion throughout the whole region. The Banker magazine, whose 95-year tradition guarantees a critical and comprehensive review of business results, progress, but also the overall activities of financial institutions in the area in which they operate, gave the greatest recognition to OTP banka d....

For the first nine months Group-level trends played out overall positively. According to the management guidance: Based on the ytd performing (Stage 1+2) loan volume growth of 11%, the loan book might expand by around 15% (FX-adjusted) for the whole year. Assuming that positive risk trends continue to prevail, adjusted ROE for 2021 may end up between 18-20%. OTP Bank’s management is committed to distribute dividends, including the HUF 119 billion dividend amount after 2019 and 2020, which had been already deducted from the regulatory capital. Regarding the dividend to be paid out after...

Since October, OTP banka has switched to the power generated exclusively from renewable sources.   OTP banka concluded the contract with HEP Opskrba whereby it undertook to go completely green by using a unique product created by HEP Opskrba called ZelEn, where the earnings from the purchase of green energy are channelled to energy efficiency projects and development of renewable sources. "OTP banka is a truly green bank, committed to sustainable development. Purchasing power generated from renewable sources is a part of our new sustainable business strategy.  This year and next...