Tag: otp

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László Diósi appointed Chairman of OTP Bank's new Moldovan unit

August 15, 2019, 11:33 am
László Diósi, who has been the head of OTP Bank’s Romanian subsidiary for 14 years, has been appointed Chairman of the Board of Directors at the Hungarian lender’s newest asset, Moldova’s... 

ANALYST VIEW - Record high target price for Hungary's OTP

August 12, 2019, 9:10 am
J.P. Morgan has raised its target price for Hungary’s OTP Bank on Monday. The new TP is almost 25% higher than OTP’s current share price on the Budapest Stock Exchange (BSE). J.P. Morgan... 

Hungary's OTP posts record Q2 profit

August 9, 2019, 9:58 am
OTP Bank posted HUF 105 billion revenue for the second quarter, a new record for the company. Revenue and profit were both boosted to record levels by earlier acquisitions including Bulgaria's Expressbank... 

Market expects record Q2 profit from OTP

August 7, 2019, 3:32 pm
Hungary's OTP Bank will publish its earnings report for the second quarter early on Friday and is expected to post a record revenue and profit. According to analysts' expectations, OTP has reached an... 

ANALYST VIEW - UBS lowers target price for Hungary's OTP

August 7, 2019, 1:03 pm
UBS has on Wednesday lowered its target price for Hungary’s OTP to HUF 15,200 from HUF 15,250 previously. UBS has changed its target price for OTP to HUF 15,250 from 15,200. The new TP is 26.5%... 

Hungary OTP closes Moldovan acquisition

July 26, 2019, 9:08 am
OTP Bank has announced that the financial closure of its Moldovan transaction has been completed, as a result of which 96.69% of Mobiasbanca, the Moldovan subsidiary of Societe Generale Group, is now owned... 

Hungary's OTP completes Montenegrin acquisition

July 25, 2019, 2:49 pm
Hungary's OTP Bank announced in February that it was buying Societe Generale's unit in Montenegro, further reinforcing its market leading position in the country. The details of the EUR 35.6 million deal... 

Hungarians prefer paying online orders in cash

July 18, 2019, 9:39 am
Online shopping is increasingly popular in Hungary, with 9 out of 10 people ordering goods from the internet, but Hungarians are unique even in this as they prefer to pay for the products ordered in cash... 

Moody's upgrades Hungary's OTP Bank

July 18, 2019, 8:47 am
Moody's Investors Service upgraded OTP Bank's long-term local currency deposit ratings to Baa1 from Baa2 and changed the outlook to stable from rating under review, Moody's announced on Wednesday. The... 

EBRD buys EUR 60 mn of OTP bonds

July 17, 2019, 12:43 pm
The EBRD is supporting the successful return of Hungary's OTP Bank to the international capital markets with a EUR 60 million investment in a EUR 500 million issue of subordinated bonds by Hungary’s... 

Hungary OTP Bank raises capital of Montenegrin unit

July 10, 2019, 10:51 am
The Montenegrin Court of Registration registered a capital increase at Crnogorska komercijalna banka, the Montenegrin subsidiary of OTP Bank, OTP announced on the Budapest Stock Exchange website on Wednesday.... 

OTP saves EUR 5 mn on Montenegrin bank

July 8, 2019, 8:54 am
OTP announced back in February that it was buying Societe Generale's unit in Montenegro. It now turns out that OTP can buy the bank for substantially less than the originally agreed price. The local... 

Hungarian fund managers have new top pick

July 5, 2019, 10:20 am
Leaving its all-time high behind, the general index of the Budapest Stock Exchange (BSE) dropped sharply in May. Although it made several attempts to make up for the loss in June, these pursuits fizzled... 

Hungary 2020 deficit target 'very ambitious'

July 3, 2019, 11:07 am
The latest budget data shows that meeting the 2019 deficit target should not be a problem, but the 1% of GDP deficit target set for 2020 is very ambitious, OTP Bank said in an analysis published on Wednesday... 

OTP receives treasury shares from employee ownership organisation

June 24, 2019, 10:36 am
OTP Bank's Employee Stock Ownership Plan Organisation transferred 422,702 shares to OTP Bank on June 21, 2019, based on the Remuneration Policy of ESOP Organization, the bank announced on Monday on the... 

Hungary's OTP beaten in race for Slovenia's Abanka

June 20, 2019, 8:36 am
Slovenia will sell its third-largest bank Abanka to the country’s second-largest bank Nova KBM, which is owned by U.S. investment fund Apollo, state-owned Slovenian Sovereign Holding (SDH) decided... 

OTP chief Csányi exercises stock option

June 18, 2019, 11:16 am
Sándor Csányi, Chairman-CEO of Hungary’s OTP Bank has excercised a stock option under the bank’s preferential share purchase programme on Monday, OTP announced on Tuesday. Csányi exercised... 

Hungary's OTP said to be one of the bidders for Slovenian bank

June 14, 2019, 11:32 am
OTP Bank, Hungary’s largest lender, and investment fund Apollo have made bids for Slovenia’s Abanka, Slovenian daily newspaper Delo reported on Friday. Investment fund Apollo and OTP Bank... 

What kind of bank could Hungary's OTP buy next?

May 31, 2019, 4:37 pm
The privatisation of Komercijalna Banka, one of Serbia’s largest banks, is about to begin, and OTP was rumoured as one of the potential bidders. Let’s take a look at what we should know about... 

One of Serbia's largest banks goes up for sale - Will Hungary's OTP make a bid?

May 31, 2019, 1:48 pm
The Serbian government has put up for sale a 83.23% stake in the country’s second-largest bank, Komercijalna Banka, the official privatisation announcement published in daily newspaper Politika showed... 
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