Tag: otp

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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... 

Hungary's OTP buys another batch of treasury shares for HUF 1.3 bn

May 29, 2019, 9:24 am
OTP Bank purchased 113,500 own shares at an average price of HUF 11,995 per share on the Budapest Stock Exchange on Tuesday, for a total of HUF 1.36 billion, OTP announced. The move followed an AGM resolution... 

Hungary's OTP buys treasury shares for HUF 1 bn

May 28, 2019, 10:05 am
OTP Bank purchased 86,500 own shares at an average price of HUF 12,098 per share on the Budapest Stock Exchange on Monday, for a total of HUF 1.05 billion, OTP announced. The move followed an AGM resolution... 

Great news for Hungarian iPhone users by OTP Bank

May 21, 2019, 11:47 am
Apple Pay services are to be introduced in Hungary by OTP Bank, the country’s largest lender announced at a press conference on Tuesday. This means that iPhone owners will not be able to give NFC... 

OTP bond to be introduced on the Budapest Stock Exchange

May 21, 2019, 10:12 am
The Budapest Stock Exchange (BSE) is introducing a one-year OTP bond in the amount of over 893,000 US dollars. The Chief Executive Officer of the Budapest Stock Exchange Ltd. introduces into exchange... 

Hungarian fund managers divided over Mol

May 13, 2019, 3:37 pm
Benchmark stock indices rose on both sides of the Atlantic Ocean. The general index of the Budapest Stock Exchange (BSE) reached a new all-time high amidst the buoyant sentiment, although its momentum... 

Bulgarian, Ukrainian operations drive OTP earnings higher

May 10, 2019, 9:47 am
Hungary’s OTP Bank boosted its profit considerably in the first quarter of 2019 compared to Q1 2018. Now the bank’s books already include the numbers of the recently acquired Bulgarian Expressbank... 

OTP to report further growth in Q1 profits - analysts

May 9, 2019, 10:57 am
Hungary’s OTP Bank is to release its earnings report for the first quarter of 2019 early on Friday. Analysts project an increase in key earnings. OTP is expected to report further year increase... 

Orbán's dream? 'Team Csányi' has already done it!

May 6, 2019, 4:59 pm
OTP will buy one more bank and then rest some, Chairman-CEO Sándor Csányi has said recently, suggesting that the acquisition tour started in 2014, in which Hungary’s largest lender acquired ten financial... 

What should we know about OTP's newest acquisition

May 3, 2019, 11:50 am
In line with previously announced plans, Hungary’s OTP Bank made an acquisition in Slovenia. It has bought SKB, another Societe Generale’s operation, as the French bank has been divesting its... 

Hungary's OTP buys fourth-largest bank in Slovenia

May 3, 2019, 8:08 am
Hungary’s OTP Bank has announced on Friday that it is buying a bank in Slovenia. The new asset, however, is not the previously reported Abanka but Societe Generale’s local operation. OTP... 

Hungary's OTP to buy one more bank in Slovenia and then take five

May 2, 2019, 3:14 pm
Hungary’s OTP plans to buy one more bank in Slovenia and then hang up the gloves for a while, Chairman-CEO Sándor Csányi told news portal index.hu in an interview published on Thursday. He said he... 

ANALYST VIEW - Raiffeisen raises target price for Hungary's OTP

April 30, 2019, 9:53 am
Raiffeisen has raised its target price for Hungary’s OTP, but its recommendation remains ‘Hold’. Raiffeisen has raised its target price for OTP to HUF 13,200 from HUF 12,300 previously.... 

Hungary's OTP seen eyeing takover in Croatia again

April 29, 2019, 2:53 pm
Hungary’s OTP Bank may be interested in buying up to two more financial institutions in Croatia, local daily newspaper Jutarnji list reported on Monday. One of them is Addiko, while the other would... 

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... 
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