OTP-backed foundation to educate middle schoolers on financial basics

Initiatives

The OTP Fáy András Foundation will start offering middle schoolers courses in basic financial concepts from December, with European Union support and the assistance of Hungary's biggest commercial lender OTP Bank, daily Magyar Nemzet said on Thursday.

The foundation's education centre will offer programmes - free of charge - for parents and teachers as well as groups of students, managing director Péter Schrankóo told the paper. A €1.1 billion EU grant, matched by HUF 5-6 billion from OTP Bank, is going toward the establishment of the centre. It will launch with a staff of 35-40 and a budget of HUF 1.7 billion. EU funding will cover the costs of the first two years of the education programme and the foundation will finance its own operations in the three years after that. The foundation's long-term operation is guaranteed by the support of OTP Bank, Schrankó said.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.