OTP Bank raises capital at Romanian unit
OTP Bank yesterday said it raised capital at its Romanian unit to RON 958 mln from RON 783 mln. According to calculations made by Hungarian news agency MTI, the raise is equivalent to about €39 mln. OTP Bank owns 99.99% of the bank.
OTP Bank Romania said on Friday that it would temporarily lower interest rates for clients with Swiss franc-based loans due to currency's gains that occurred after the Swiss National Bank unexpectedly removed an exchange rate cap.
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
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.
