Fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 19% year-on-year to 297.3 billion, according to a new earnings report. Net interest income increased 11% to HUF 509.2 billion. Net revenue from commissions and fees climbed 8% to HUF 160.4 billion. For the full year, after-tax profit rose 7% to HUF 1,146.3 billion. […]
For the third year running, Hungary's OTP Bank has made the first place on The Banker magazine’s 'Top 100 CEE Banks' ranking, the Hungarian lender told MTI on Monday. OTP noted that it also made the top place on the national list in Hungary, and its subsidiary DSK Bank took the first place in Bulgaria. […]
Third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 4% year-on-year to HUF 330.5 billion, an earnings report published ahead of the opening bell on Friday shows. Net interest income increased 10% to HUF 489.0 billion. Net revenue from commissions and fees climbed 11% to HUF 152.7 billion. For the period Q1-Q3, after-tax […]
OTP Bank, Hungary's biggest commercial lender, celebrated the 30th anniversary of its listing on the Budapest Stock Exchange at an event on Wednesday. OTP chairman Sándor Csányi said the success of the lender and of the bourse were "inseparable", noting that OTP accounted for around 60% of share turnover, making it one of the most […]
In the second quarter of this year, OTP Bank exceeded expectations, achieving a consolidated adjusted after-tax profit of HUF 330.015 billion, which is 23% higher than in the same period last year, according to information published on the Budapest Stock Exchange (BÉT) website early Tuesday morning. The consolidated adjusted after-tax profit for the second quarter […]
OTP Bank's consolidated adjusted profit after tax for the first quarter was HUF 188.576 billion, 21% lower than in the same period last year, ahead of the average expectations, the largest Hungarian financial institution has reported on the website of the Budapest Stock Exchange. Several special negative items weighed on the Q1 profitability, as the […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
OTP Bank's consolidated adjusted adjusted profit after tax for the last quarter of last year was in line with the average expectations at HUF 249.735 billion, 17% higher than in the same period of the previous year, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Friday morning. The […]
OTP Bank has opened a mobile branch in Polgár, Hajdú-Bihar County, offering the same services as traditional cashless branches, the bank told MTI on Thursday. The bank decided to launch a mobile branch in another settlement due to the positive experience so far, they said. Although more and more people are settling simple transactions via […]
The nineteenth edition of Hungary’s most prestigious banking sector competition, the 'Mastercard – Bank of the Year', has concluded. This year, the competition was revamped, with the nine award categories grouped into three main segments: in Daily Banking, OTP Bank delivered the most outstanding performance; in Innovation, K&H Bank took the lead; and in the […]
Consolidated earnings at the Hungarian financial institution were HUF 826 billion profit after tax in January-September 2024 with an ROE of 24.9%; 3Q profit expanded by 19% q-o-q on the back of higher revenues and moderating impairments; 2% q-o-q organic increase in both performing loans and deposits, improving capital adequacy ratios. The Group’s cumulated profit […]
A joint program of OTP Bank and the Budapest Stock Exchange (BSE) will provide dedicated training and events to support Hungarian companies preparing for listing on the stock exchange, the two institutions said in a joint statement on Monday. According to the information, those interested in the joint program of OTP Bank and BSE can […]
As of this Thursday, Nova KBM and SKB banka successfully completed the legal merger. With the merger of the two banks, a new banking group has been created in Slovenia - OTP Skupina Slovenija, which complements banking services with leasing and factoring services of the subsidiaries SKB Leasing, SKB Leasing Select and Aleja finance, the […]
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 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 […]
