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 vg.hu quoting Morningstar data, T. Rowe […]

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 […]

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 […]

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 […]