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Banking sector

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COVID-19 Impact on CEE Region Banks

D&T
Sep 16, 2020

Fortunately, a strong banking sector in Central and Eastern Europe faced the constraints of the COVID-19 epidemic. However, there is a lot of uncertainty about the long-term outlook. The regional survey by the consulting firm Deloitte researched how financial institutions see their own future. “It has been several months since the start of the economic […]

Takarék Mortgage Bank Outlines Strategy

D&T
Aug 17, 2020

In the context of the rolling revision of Takarék Group’s strategy in 2020 the priorities of the Group remain the deepening of synergies between the entities of the Integration, continued improvements in the cooperation between members and in the Group’s competitiveness in general, the bank says on the website of the Budapest Stock Exchange. At […]

MNB Financial Stability Report, May 2020

D&T
May 24, 2020

Leaving behind the legacy of the 2007-2008 crisis, the Hungarian banking system is prepared to face the challenges likely to result from the COVID-19 pandemic with healthy balance sheets and adequate capital and liquidity reserves. That is according to the latest financial report by the National Bank of Hungary (MNB). The report states that "based […]

Hungarian Banking Association Elects New President

D&T
May 22, 2020

The Hungarian Banking Association has elected as its new President Radován Jelasity, Chairman and CEO of Erste Bank Hungary. The previous President, András Becsei will stay in the leadership of the association as Vice President. Radován Jelasity has been Chairman and CEO of Erste Bank Hungary since June 1, 2011. He is a recognized banker, […]

he President of the Management Board at OTP banka Hrvatska, Balázs Békeffy

Success and Responsibility

Sándor Laczkó
Jan 22, 2020

OTP Bank is the largest commercial bank in Hungary, and OTP Group is one of the largest independent financial services providers in Central and Eastern Europe. Its Croatian subsidiary is the fourth largest bank in that country with a potential for further growth. “At our closing event in March 2005, when OTP Bank took over […]

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