The OTP Group closed the sale of OTP Bank Romania and other Romanian subsidiaries with the buyer Banca Transilvania (BT). The transaction was approved by the Romanian Competition Authority and the Romanian National Bank. The purchase of OTP Asset Management by Banca Transilvania is in the final approval process. In February of this year, the OTP Group and Banca Transilvania announced […]

OTP Group achieved consolidated adjusted profit after tax of HUF 283.940 billion in the second quarter, significantly better than analysts' expectations, exceeding the previous quarter by 52% and the year-earlier quarter by 75%, the financial institution reports. The analyst consensus was for a quarterly consolidated adjusted profit after tax of HUF 194.723 billion, which implied […]

The Hungarian e-commerce market is expanding with a new player: the OTP Group has announced the launch of its webstore fizz.hu. Forbes.hu reports that the bank's employees will start testing the webstore in a closed round next Tuesday. According to the newspaper's market sources, a sharp launch is expected by the end of the summer. […]