OTP bank retail news

In face of extreme challenges put before us this year, OTP banka opted to sponsor the Split Festival, recognising the new concept and wishing to support one of the most beautiful traditions in Split. Upon signing of the sponsorship agreement, Mr Zvonimir Akrap, member of the Board of OTP banka said: “Although our Bank has been present nationwide for a while now, our roots are here and we wish to encourage worthwhile events and especially traditions of this city. The Split Festival has long proved its repute not only on the local level, but nationwide, and it is our great pleasure to support...

As a part of its donation scheme called “Green light to … better society“, OTP banka invited the tender for donation requests and chose 37 projects among which it will distribute the total of HRK 500,000. Upholding the ten-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 of cultural, historic and traditional heritage and environmental protection; humanitarian projects and sports. A few hundred requests for donations submitted from all over Croatia made it very difficult...

OTP Bank has signed a share sale and purchase agreement to purchase 100% of Slovenia’s Nova KBM d.d., owned by funds managed by affiliates of Apollo Global Management, Inc. (80%) and EBRD (20%). The acquisition of the bank is the most significant acquisition in the history of OTP Group enabling the banking group to become the market leader in Slovenia. The transaction is expected to close in the second quarter of next year, subject to obtaining all required regulatory approvals. Nova KBM d.d. (Nova KBM) is Slovenia's second largest bank with a market share of 20.5% in terms of total assets...

OTP Bank organized the online Demo Day of its group-level startup partnership programme on 26th May, where 15 later-state startups and scaleups presented the results of their 3-month pilot projects executed in collaboration with Albanian, Bulgarian, Montenegrin, Serbian and Ukrainian group members besides the Hungarian headquarters. OTP employees, including executives of the banking group, investors, and representatives of the Program’s international partner network followed the virtual closing event. The development of the best solutions is set to continue: projects with the highest business...

Despite temporary lock down measures introduced in many countries the operation of OTP Group remained uninterrupted in 1Q. The second Serbian integration has been progressing smoothly and was successfully completed on 30 April 2021. The total volume of 1Q adjustment items represented -HUF 24 billion within the accounting earnings of HUF 93.3 billion (after tax) which is around half of the magnitude of whole year 2020 adjustments. There were three major items occurring in 1Q: almost -HUF 19 billion banking tax at the Hungarian operation; -HUF 3.5 billion effect of acquisitions (after tax)...

OTP banka d.d. strives to contribute to the development of different social aspects in the communities in which it operates, and one of the most enjoyable aspects of those efforts is definitely supporting culture and making it available to the citizens. OTP banka contributes to such worthy events taking placenationwide, in cultural institutions or at manifestations, by making donations or sponsoring them.    Only this year the bank will continue supporting the Dubrovnik Summer Games, the Split Summer, the National Theatre in Split and the National Theatre in Zadar. It is especially...

The donations collected in the joined efforts of OTP banka d.d., Mastercard and all the clients donating by rounding up the amounts they paid in the first donation cycle of the Round Up! donation scheme, were used for purchase of the necessary diagnostic equipment for the Šibenik Hospital Paediatric Ward and the Institute of Neonatology of the Zagreb Clinical Hospital, where each hospital received HRK 527 thousand. In the second cycle of the scheme, the donations were used for the ultrasound device needed by the Paediatric Cardiology Unit of the Children’s Hospital in Split, and for...

The Council of the Croatian National Bank passed the decision to grant the approval for the appointment of Ivan Šimičević to the position of a member of the Board of OTP banka d.d. Based on the mentioned decision, today, on 15th March 2021, he assumed the position of the OTP banka d.d. Board member in charge of the Operations and IT Division. Ivan Šimičević was born in Zadar in 1985, and finished primary and secondary education in his hometown. He earned a degree in finances and banking from the Faculty of Economics in Rijeka in 2010. His career in banking started when he joined OTP banka in...

Despite the extraordinary challenges triggered by the pandemic, in 2020 the overall operation of the Group remained uninterrupted. It was quite an achievement that out of the previous acquisitions, the Bulgarian integration was completed in early May 2020, as well as the Montenegrin one in December. The sale of the Slovakian subsidiary was completed by the end of November. The integration process in Serbia has been proceeding smoothly and according to the plans it is going to be completed in 2Q 2021. The total volume of adjustment items in 2020 represented -HUF 50.6 billion (after tax)...

As the first donation cycle of the Round Up donation scheme has been completed, on behalf of OTP banka d.d., Mastercard and all the clients rounding up their bills, the Šibenik Hospital Paediatric Ward and the Institute of Neonatology of the Zagreb Clinical Hospital have been awarded donations totalling HRK 527 thousand per hospital intended for procurement of much needed equipment. OTP Round Up scheme continues this year as well, and the hospitals that will benefit this time are the Children’s Clinic of the Split Clinical Hospital and the Children’s Hospital at Klaićeva in Zagreb. OTP banka...