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A Successful Quarter for OTP Bank

May 10, 2024

OTP Bank has further strengthened its market share and is the market leader in the region in terms of equity, and is ranked first in five countries in terms of net loans, OTP Bank Plc.'s Deputy CEO László Bencsik said at a press conference in Budapest on Friday, assessing the bank's first quarter results. László […]

OTP Bank Continues Its Expansion

Apr 26, 2024

OTP Bank surpassed all its previous results last year, and will continue the construction and expansion in the coming years, Sándor Csányi, Chairman and CEO of OTP Bank, said at the company's Annual General Meeting in Budapest on Friday. The CEO stressed that the company is the market leader in five countries and has a […]

OTP Bank: Considerable Profit in 2023

Mar 8, 2024

OTP Bank's consolidated adjusted profit after tax for the last quarter of last year was HUF 229.987 billion, exceeding the average expectations, closing the year at HUF 1,008.583 billion, according to a release published on the website of the Budapest Stock Exchange (BSE) on Friday morning. Based on a summary of unaudited individual and consolidated […]

Capital Increase at Merkantil Bank Plc.

Jan 4, 2024

OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that the Metropolitan Court of Registration has registered a capital increase at Merkantil Bank Plc. Accordingly, the registered capital of Merkantil Bank Plc. was increased to HUF 3,000,000,000 from HUF 2,000,000,000. Merkantil Bank started its operations in 1988 as a subsidiary bank […]

OTP Bank, Majority Shareholder of Uzbekistan’s Ipoteka Bank

Jun 13, 2023

OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that based on the share sale and purchase agreement concluded on December 12, 2022 between OTP Bank and the Ministry of Economy and Finance of the Republic of Uzbekistan the first step of the transaction was completed on June 13, 2023. Consequently, […]

HUF 194.7 Billion Q1 After Tax Profit at OTP

May 10, 2023

Hungary’s OTP Group posted a better-than-expected consolidated profit after tax of HUF 194.7 billion in the first quarter, compared to a profit of HUF 115.1 billion in the previous quarter and a loss of HUF 33.4 billion a year earlier. OTP Bank Plc. announced on the Budapest Stock Exchange (BSE) website on Wednesday that the […]

OTP Bank Awards Companies in Three Categories

Apr 26, 2023

Hungary’s largest commercial financial institution, OTP Bank has awarded its corporate clients in three categories – innovation, social responsibility and international expansion – for their outstanding performance, the bank said in a statement sent to MTI on Wednesday. The Chairman and CEO of OTP Bank, Sándor Csányi said that the OTP Business Excellence Award aims […]

Payment Fraud: People Not Careful Enough

Mar 27, 2023

People are aware of the methods of payment fraud, they are afraid of becoming victims of fraud, but they do not consciously protect themselves against it, according to a representative research commissioned by OTP Bank. Almost all respondents have heard of some form of banking fraud and 81% fear becoming a victim of cybercrime. Although […]

OTP Bank: U.S. Firm Acquires over 5% Ownership

Mar 22, 2023

OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that as of March 21, 2023, T. Rowe Price International Ltd. has increased its voting right in OTP Bank Plc. to 5.02% via owning 14,037,515 ordinary shares. According to a report by the business news site quoting Morningstar data, T. Rowe […]

OTP's Results Boosted by Foreign Banks

Mar 10, 2023

Foreign subsidiaries largely compensated for the losses caused to the group by the war and Hungarian government measures, with after-tax profit falling by only 24% to HUF 347 billion last year compared to a year earlier, Deputy CEO László Bencsik said at a press conference presenting OTP Group's last year's report on Friday. He pointed […]

OTP Bank Acquisition Approved in Slovenia

Feb 2, 2023

Hungary's OTP Bank has announced that the Slovenian competition authority has approved its acquisition of Slovenia's Nova KBM d.d. According to the announcement by the Hungarian financial institution published on the website of the Budapest Stock Exchange this Thursday, the Slovenian Competition Protection Agency approved, at its meeting on January 31, 2023, the acquisition of […]

OTP Bank to Buy Uzbekh Financial Institution

Dec 12, 2022

Hungary’s OTP Bank signed a purchase and sale contract on the privatization of Ipoteka Bank in Uzbekistan this Monday. According to the contract, OTP Bank will purchase 100% of the shares held by the Ministry of Finance of the Republic of Uzbekistan (nearly 97% shareholding) in two steps: 75% of the shares now and the […]

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