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• Finance

  OTP Q1 profit boosted by business abroad

  

  First-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, jumped 23% year-on-year to HUF 65.1 billion, as foreign businesses beefed up the balance sheet, an earnings report published early Friday shows.

   Fri, May 11, 2018, 09:53

  • otp bank
  • earnings
  • profit
  • report
  • lending
  • assets
• Whatson

  OTP sponsors top gastro event in May

  

  The OTP Bank Gourmet Festival, running this May 17-20, will feature the top restaurants, wineries and confectioneries, as well as a taste of international top gastronomy. This yearʼs themes are dumplings, caviar and champagne.

   Tue, Apr. 24, 2018, 09:00

  • gourmet festival
  • otp bank
  • gastronomy
  • food
• Business

  OTP Bank gears for new acquisitions

  

  OTP Bank has been preparing for two decades to take advantage of proper merger and acquisition opportunities in the region. This time has finally come, said Sándor Csányi, chairman and CEO of the bank and one of the countryʼs wealthiest men, in an interview with Bloomberg appearing online today.

   Mon, Oct. 2, 2017, 08:57

  • otp bank
  • acquisition
  • csanyi
  • m&a
  • bloomberg
• Finance

  OTP second-quarter after-tax profit up 12%

  

  OTP Bank is looking at additional acquisitions as it looks to expand in countries in which it is already present. The OTP group recently acquired the Hungarian business of AXA Bank, Splitska banka (Croatia), Banca Românească (Romania) and Vojvođanska banka (Serbia), notes Hungarian news agency MTI.

   Fri, Aug. 11, 2017, 13:18

  • OTP Bank
  • expansion
  • acquisition
  • earnings
  • report
  • profit
  • q2
  • h1
• Finance

  OTP launches HUF 200 bln bond program

  

  Hungaryʼs leading commercial financial institution OTP Bank announced Thursday on the Budapest Stock Exchange that it is launching a HUF 200 billion public bond program with the permission of the National Bank of Hungary (MNB), state news wire MTI reported.

   Fri, Aug. 11, 2017, 08:30

  • otp bank
  • bond
  • program
• Business

  American Express exits Hungarian retail market

  

  Hungaryʼs OTP Bank will recall all retail American Express (Amex) bank cards by January 31, 2018, replacing them with Mastercard Bónusz cards, reports online news portal index.hu. Since only OTP has issued retail Amex cards, the move signals the latterʼs departure from the retail segment in Hungary.

   Thu, July 13, 2017, 12:49

  • american express
  • amex
  • withdrawal
  • exit
  • otp bank
  • retail
  • bank card
• Business

  OTP Bank launches contactless mobile payment

  

  Hungaryʼs OTP Bank today launched its contactless mobile payment solution, which has been implemented into its Simple mobile application, according to a press statement sent to the Budapest Business Journal.

   Wed, June 21, 2017, 13:33

  • otp bank
  • banking
  • finance
  • nfc
  • contactless
  • payment
• Business

  OTP Bank closes Splitska Banka acquisition

  

  OTP Bank yesterday announced the close of its acquisition of Croatiaʼs Splitska Banka from Franceʼs Societe Generale, Hungarian news agency MTI reported.

   Thu, May 4, 2017, 08:20

  • otp bank
  • splitska banka
• Real Estate

  Futureal sells Skypark to OTP investment fund

  

  Futureal Group has sold its Skypark office building to the OTP Prime Property Investment Fund in a recently closed transaction. The acquisition increases the value of the fund’s property portfolio to over HUF 40 billion, according to a press release sent to the Budapest Business Journal. 

   Wed, Apr. 26, 2017, 10:52

  • futureal
  • skypark
  • otp bank
  • investment fund
  • real estate
  • nokia
• Business

  OTPʼs Croatian subsidiary buys local peer

  

  OTP banka Hrvatska, the Croatian subsidiary of Hungaryʼs OTP Bank, has signed an acquisition agreement on fully purchasing Splitska banka, a member of the French Société Générale Group, OTP Bank said in a Wednesday announcement on the Budapest Stock Exchange, Hungarian news agency MTI reported.

   Wed, Dec. 21, 2016, 09:55

  • otp bank
  • banka
  • croatia
  • subsidiary
  • acquisition
  • splitska
  • societe generale