OTP bank retail news

OTP banka enables its clients to make donations to seven Croatian hospitals in the form of the points they have collected in OTPetica, bank’s loyalty scheme. In times like these, when we are fighting the Corona virus pandemic, more than ever we have become aware of the need to have a widely available health care, especially for the most vulnerable groups. That is precisely why we would like to offer our clients who have been using our OTPetica, a unique loyalty scheme, to take part in the OTP banka initiative - giving green light to the health of us all.  Using various services of the...

OTP banka d.d. donated additional HRK 1.4 million to hospitals across Croatia to help them face the emergency measures in the fight against Covid-19 virus. By donating HRK 200 thousand to the general hospitals in Zadar, Šibenik, Split, Dubrovnik, Osijek, Sisak and Pula, we are trying to help them obtain the necessary equipment and supplies. The mentioned hospitals will use the proceeds to purchase ventilators, protective equipment, beds and other items that are currently essential and urgently needed for their commendable work on protecting of the health of all of us. “Wishing to ease the...

OTP banka d.d. donated 1.5 million HRK /200 000 EUR to University Hospital Center Zagreb and University Hospital Center Sisters of Mercy as an aid to renovate medical equipment, appliances and hospital facilities damaged in the earthquake.   Zagreb hospitals suffered grave damage in last Sunday's earthquake. In these extraordinary conditions, when all employed in the medical system invest enormous endeavors to suppress Covid-19 pandemic and care of our citizens' health, the damage caused by earthquake made their work even more challenging.  Having in mind the importance of these...

The full-year 2019 consolidated accounting after tax profit was HUF 412.6 billion, against HUF 318.3 billion reached in the base period, marking a 30% y-o-y increase. The accounting ROE was 0.3% (+1.6 pps y-o-y). The total volume of adjustment items in 2019 represented -HUF 6.5 billion (after tax), i.e. less than in 2018. In 4Q the volume of adjustments amounted to -HUF 3 billion. In 2019 OTP Group posted HUF 419 billion adjusted after-tax profit underpinning a 29% y-o-y increase. Without the contribution of the newly acquired Bulgarian, Albanian, Moldavian, Montenegrin and Serbian banks...

9M 2019 consolidated accounting after tax profit of OTP Group was HUF 309.6 billion (+29% y-o-y), of which 3Q represented HUF 131.6 billion (+25% q-o-q). The total volume of adjustment items in 9M represented -HUF 3.5 billion (after tax), of which +HUF 21.2 billion arose in 3Q. In 9M 2019 OTP Group posted HUF 313.1 billion adjusted after-tax profit underpinning a 19% y-o-y increase. Without the contribution of the newly acquired Bulgarian, Albanian, Moldavian and Montenegrin banks the profit would be HUF 294 billion (+14% y-o-y). The profit of OTP Core improved by 4% y-o-y and comprised HUF...

1H 2019 OTP Group’s consolidated accounting after tax profit was HUF 178 billion (+15% y-o-y). The total volume of adjustment items (after tax) in 1H represented -HUF 24.7 billion, o/w -HUF 6.9 arose in 2Q. In 1H 2019 OTP Group posted HUF 202.6 billion adjusted after-tax profit underpinning a 19% y-o-y increase. The profit already incorporated the net results of Express Group and the Albanian subsidiary, adjusted for that the 1H profit would be HUF 191.6 billion. The performance of OTP Core improved by 2% y-o-y and comprised HUF 97.4 billion. DSK Bank’s net profit (HUF 24.4 billion) remained...

The OTP Startup Program, OTP Bank’s second international accelerator program has come to an end. On the closing Demo Day, the 9 companies participating in the Program presented the results of the 12-week-long joint work to experts, potential investors and the credit institution’s management. The development of the best solutions is set to continue, along with the joint efforts of the Bank and the startups to incorporate them into the Bank’s operations. ​Last autumn, OTP Bank announced its second open call for startups. There was a great deal of interest in the OTP Startup Program, which is...

For the fourth year in a row, OTP banka has been selected for the best custodian bank in the Republic of Croatia in the unweighted category in the choice of Global Investor / ISF magazine. In the period from 1st of February until 14th of March this year, Custodian Clients had the opportunity to rate their securities services providers in over 10 categories, from quality of relationship management, settlement services and corporate actions, to quality of market information timely provided, including regulatory changes. OTP banka has been awarded with highest scores unweighted by size of...

1Q 2019 consolidated accounting after tax profit was HUF 72.6 billion (+12% y-o-y) versus HUF 65 billion in the base period. The accounting ROE was 15.9% (-0.3 pp y-o-y), whereas the adjusted ROE stood at 19.8%. The total volume of adjustment items (after tax) in 1Q represented -HUF 17.8 billion. The two material items were as follows: -HUF 15.2 billion banking tax paid by the Hungarian and Slovakian subsidiaries (after tax); -2.8 billion effect of acquisitions (after tax). In 1Q 2019 OTP Group posted HUF 90.4 billion adjusted after-tax profit underpinning a 14% y-o-y increase. The profit...

OTP Bank Plc. announces that OTP Bank signed an acquisition agreement on purchasing the majority stake of SKB Banka, the Slovenian subsidiary of Societe Generale Group and other local subsidiaries held by SKB Banka. With a market share of nearly 9%, SKB Banka is the 4th largest bank on the Slovenian 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. With this acquisition OTP Group is entering a...