OTP Group achieves excellent results
OTP Group: balance HRK 44 billion, over 11 percent of market share in a diversified business network.
The previous year in the OTP Group was marked by the takeover of Splitska banka in May, since when intensive work on the integration process that will be completed by 1 October this year is ongoing. The merger will create the fourth largest bank in Croatia, with strong national presence and predominant financial player in the coastal belt with a network of branch offices and ATMs.
Along with intensive integration preparations OTP Group recorded excellent business results in 2017. With a balance HRK 44 billion, the OTP Group occupies more than 11 percent of the market share measured by the size of assets. The total gross loan portfolio of both banks amounts to HRK 29 billion, and the deposit base is HRK 33 billion, which represents 11 percent of the market share as well. It is worth pointing out that the share of retail loans exceeds 13 percent of the market, of which car loans occupy the largest market share with over 50 percent, currently making OTP Group the strongest player in this segment of the market. In the segment of general purpose loans, the OTP Group occupies 15 percent of the market. In 2017, OTP Group realized net accounting profit of HRK 0.5 billion.
In 2017, OTP Group continued to be a good partner to the communities in which it operates, which it will continue to be through its corporate responsibility and community investment programs. In addition to many of its accountability programs, these days OTP Group provided scholarships for students of a lower income status with a total investment of HRK 765,000. OTP banka's donation tender is currently open for applications as well.