OTP bank retail news

Programme that has shown once again that joint efforts put into little things can make a big difference! Sometimes it takes so little to bring a smile back to someone's face, and a little goes a long way. This is basically the message spread by the new donation programme OTP Round up, launched by OTP banka d.d. and Mastercard, striving to provide the best treatment possible to our youngest patients in hospitals across Croatia. One of the most renowned musicians in Croatia – Gibonni – and world champions in sailing – Fantela brothers –  have supported the programme, and this year’s...

For the fifth year in a row, OTP banka d.d. has been selected the best custodian bank in the Republic of Croatia in the unweighted category in the choice of Global Investor /ISF magazine, earning an exceptionally high rating (6.73). Over ten criteria had to be met, amongst which settlement services and corporate actions, quality of market information timely provided, including regulatory changes and business relationship quality, which happens to be one of the most important, though the toughest criteria to be met. OTP banka d.d. thus won the highest unweighted ratings as judged by the size...

In addition to a substantial provision, OTP Group closed the second quarter with a consolidated profit of HUF 78.7 billion after tax. This performance is lower than in the same period last year, due to the economic impact of the virus situation, but is 19% higher than preliminary analysts' expectations. OTP’s management is committed to pay dividend after 2020 in such a magnitude that it also compensates shareholders for the originally proposed divident after 2019, for which the pay-out was stopped at the request of the regulator. 1H 2020 after-tax profit was shaped mainly by the volume of...

As we continue with our efforts to maintain the highest security standards of our on-line channels, and we would hereby like to advise of new types and levels of caps imposed on financial payment orders set via internet, mobile and telephone banking, and on the way they can be managed by the end-user, all for the purpose of enhancing the security levels. The transaction caps are divided into fixed and variable ones. The fixed (permanent) cap relates to the purchase and sale transactions, and foreign currency remittances that require currency conversion (different currencies of payer’s...

The Global Finance magazine announced its selections for the 18th annual Best Sub-custodian Bank Awards. The selections include more than 80 countries worldwide. Global Finance’s editorial board considered market research, input from expert sources and entry information 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, knowledge of local regulations and practices, and smooth handling of exception items. Global Finance...

OTP banka finalised the donation cycle within the initiative named “Green light to those who help” where during one month it made donations to the total of 25 associations and projects dealing with and aimed at mitigating the difficulties and challenges caused by COVID-19 epidemic. In addition to the associations we have been donating so far, our employees decided to make a donation to the association of women receiving cancer treatment "Sve za nju" (All for Her) from Zagreb, to contribute to the procurement of two suction devices by the “Kolibrići” association, and to enable the dance...

The European Central Bank (ECB) published the results of the asset quality review (AQR) and stress test, in which OTP banka Hrvatska achieved excellent results. The evaluation proved a strong capital position and stability of the bank. A comprehensive assessment comprising of an asset quality review and a stress test, undertaken by the European Central Bank (ECB), was concluded with an excellent result for OTP banka in both parts of the assessment. A minimal, exceptionally low and non-material impact of the asset quality review (AQR) on the capital adequacy ratio of OTP banka (0,11 p.p.) has...

OTP Bank’s 3rd Startup Program has reached an important milestone: as part of its online Demo Day held on 20 May, the 13 participating startups presented the results from the 3-month pilot period of March to May to an audience of more than 1100 professionals, including the executives of the Banking Group, investors, and representatives of the corporate sponsors of the Program. Solutions with the highest business potential will be granted an opportunity to go live as part of the Program’s 6-month rollout phase, starting in June.  Announced in autumn 2019, OTP Bank’s 3rd startup...

After its success in 2019, OTP Bank’s innovation hub, OTP LAB has again earned the “Best Financial Innovation Labs” award from Global Finance Magazine in 2020. With this award, the periodical recognized those financial innovation hubs that are constantly exploring new avenues and employing novel approaches in the world of finance, and named the institutions that are the most innovative in developing banking services and products of the future. In a prestigious international field, the expert panel awarded OTP LAB alongside the innovation labs of 34 global corporations such as Barclays,...

Currently there is a high degree of uncertainties around the depth and duration of the economic recession caused by the pandemic, as well as the steepness of the expected rebound. Also, now it is difficult to assess the global impact of the pandemic, and the effectiveness of economic protection measures introduced on national and international levels. Accordingly, the management of OTP Bank has withdrawn its 2020 Guidance published on 6 March 2020 and will not make any new forecast for the rest of the year as long as there is no comprehensive information about the state of the macroeconomic...