OTP bank retail news

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...

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...