Tag: otp

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Hungary's OTP to buy three more banks and then it will stop - Csányi

April 12, 2019, 1:22 pm
OTP Bank, Hungary’s largest lender, is holding its annual general meeting today. Besides the usual matters there are two more interesting items on its agenda, one is dividend payment, and the other... 

Banks in Hungary lost 5 trillion forints worth of profits - Csányi

April 5, 2019, 12:13 pm
The owners of Hungarian banks earned 5,000 billion forints less in the last 32 years than how much they could have expected on the basis of international standards, and special sectoral taxes were responsible... 

Hungary OTP closes bank acquisition in Albania

April 1, 2019, 8:26 am
OTP Bank, Hungary’s largest bank by assets, has announced on Monday that on 29 March 2019 the financial closure of the Albanian transaction has been completed. As a result, OTP Bank has become... 

ANALYST VIEW - J.P. Morgan ups traget price for Hungary's OTP

March 25, 2019, 9:05 am
J.P. Morgan has raised its target price for Hungary’s OTP Bank to HUF 15,500 from HUF 15,000 previously. The new TP is 20.5% higher than the Hungarian banking stock’s closing price on Friday.... 

Hungary's OTP addresses report on Slovenian bank acquisition

March 19, 2019, 11:32 am
According to a Slovenian daily newspaper, Hungary’s largest bank by assets OTP has submitted the highest bid of EUR 300 million for the third-largest bank of the country, Abanka. OTP has partly rejected... 

ANALYST VIEW - Morgan Stanley sets target price for OTP to HUF 13,500

March 19, 2019, 8:48 am
Morgan Stanley has raised its target price for Hungary’s OTP Bank. The new TP offers a 5% upside potential compared to OTP’s closing price on the Budapest Stock Exchange (BSE) on Monday. ... 

Hungary's OTP seen eyeing Slovenian bank(s)

March 18, 2019, 11:29 am
Management of Hungary’s OTP Bank has been repeatedly speaking about their intention of expanding the group to Slovenia, and it seems Hungary’s largest lender could soon report a bank acquisition... 

OTP chief Sándor Csányi may receive partner on top of bank

March 12, 2019, 8:22 am
OTP, Hungary’s largest bank by assets, is going to hold its annual general meeting on 12 April, its invitation for the AGM showed on Tuesday. The agenda includes the amendment of the Articles of... 

Hungarian GDP data suggests Eurozone recession

March 5, 2019, 12:21 pm
OTP’s research centre has pointed out an interesting phenomenon regarding Hungary’s high GDP data published last week. One of the key drivers was significant inventory accumulation, as a result... 

Csányi sets the goal and OTP delivers

March 1, 2019, 8:49 am
Sándor Csányi, Chairman-CEO of OTP Bank, has set the goal of one billion euro annual profit last year. And Hungary’s largest lender delivered, even while paying a one-off bonus amounting to one month... 

Has Hungary's OTP reached chief Csányi's "dream profit"?

February 28, 2019, 11:41 am
In his opening address at the BSE50 conference, OTP Chairman-CEO Sándor Csányi said the annual profit of his bank could reach one billion euros in 2018. According to the latest consensus estimate of analysts... 

Hungary OTP buys yet another bank

February 28, 2019, 8:33 am
Hungary’s OTP Bank just cannot stop buying the regional assets of Societe Generale. It has announced on Thursday that it has signed an acquisition agreement on purchasing a majority stake in the... 

S&P upgrades Hungary's OTP Bank, as well

February 20, 2019, 8:12 am
Following an upgrade of sovereign ratings on Hungary to ‘BBB’ on 15 February, Standard and Poor’s has raised its long-term and short-term resolution counterparty ratings (RCRs) on OTP... 

ANALYST VIEW - HUF 15,000 target price for OTP lands

February 18, 2019, 9:22 am
J.P. Morgan has raised its target price for Hungary’s OTP. The new TP offers a 32% upside potential over the banking stock’s last closing price on the Budapest Stock Exchange (BSE) on Friday.... 

OTP seen profiting greatly from Hungary's monetary tightening

February 13, 2019, 4:57 pm
Hungary’s OTP Bank is the top pick for Morgan Stanley in Central and Eastern Europe, as its economist expects significant tightening of Hungarian interbank rates in the medium term. MS reiterated... 

Hungary's OTP among UBS top picks

February 13, 2019, 8:53 am
Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, strategists and analysts told CNBC. Brazilian stocks are off to a high-flying... 

This is the price of Orbán's new package

February 12, 2019, 4:03 pm
Better-than-expected revenues will keep Hungary’s public balance on track this year, but the uptake from the demographic program could lock the deficit above 2% after 2020, analysts at OTP Bank said... 

Reporting season to kick off in Hungary - What to expect?

February 6, 2019, 5:06 pm
The reporting season is in full swing around the world, and Hungary’s listed companies are also going to start releasing their earnings reports for October-December 2018 shortly. Richter will be... 

Hungary's OTP buys bank in Moldova

February 6, 2019, 8:16 am
Moldovan press reports were right: Hungary’s OTP Bank has announced on Wednesday that it has acquired a majority stake in the country’s fourth-largest bank, Mobiasbanca, from Societe Generale... 

Hungary's OTP seen entering a new market

February 4, 2019, 11:11 am
Hungary’s OTP Bank may acquire a majority stake in Moldova’s Mobiasbanca, member of Societe Generale Group, according to Moldovan press reports. OTP’s management is expected to hammer... 
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