Tag: otp

Hungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above analysts’ consensus estimate, which can be attributed to smaller-than-expected provisioning. But... 

OTP, Hungary’s largest bank by assets, is to report a year-on-year rise in total revenues, a jump in operating expenses and massive one-off items in its first-quarter earnings report to be published... 

Investors remain overly focused on Hungarian macroeconomic developments when it comes to assessing OTP Bank, while half of the country’s largest lender will be delivered by its foreign units next... 

Hungary’s OTP has not given up it plan to grow via acquisitions, said Chairman-CEO Sándor Csányi at the Bank’s annual general meeting on Friday. For the time being, however, management do not... 

Barclays has on Monday raised its target price for Hungary’s OTP Bank to HUF 3,700 from HFU 3,618 previously, maintaining its ‘Underweight’ rating on the stock. Analysts at Barclays have... 

In view of OTP’s 2011 results, Deutsche Bank has kept is ‘Neutral’ view on the Hungarian banking stock, while in view of the lower-than-expected profit numbers it has trimmed its price... 

Hungary would undermine its credibility by selling Eurobonds before obtaining a loan from the International Monetary Fund (IMF), warned the Chief Executive Officer of the nation’s largest bank. An... 

Hungary’s OTP Bank could face more severe macro environment pressures in Hungary and Ukraine. The main risks in Hungary’s eastern neighbour is currency devaluation, while a potentially negative... 

Analysing the quarterly earnings reports of Hungary’s OTP Bank has not been an easy task recently. These flash reports are so full of one-off items as a bingo bus on a Friday evening and the consensus... 

OTP Bank, Hungary’s largest lender, is set to publish its Q411 earnings figures on 9 March (tomorrow). The bank’s results are distorted by one-off items: on top of the usual bank tax there... 

A recent visit to Budapest by Bank of America Merrill Lynch economists heightened their concerns about the medium-term outlook. Although the negotiations between the government and the EU are ongoing and... 

Citi has on Wednesday trimmed its target price for Hungary’s OTP Bank to HUF 4,450 from HUF 4,500 previously, driven by its downward revision to earnings. The rating on the stock was also lowered... 

Bank of America Merrill Lynch projected earlier this week that Hungary’s OTP Bank could deliver a huge negative surprise with its Q4 2011 earnings report and publish a hefty loss for the October-December... 

Hungary’s OTP Bank, has announced on Tuesday that it has expanded its product range as part of the investment services provided by its Treasury division. In the context of the new Treasury product... 

Hungary's OTP Bank is targeting double-digit percentage growth in corporate lending in its core Hungarian market in 2012 and a steady market share in household lending, Chief Financial Officer László Bencsik... 

OTP Bank, Hungary’s largest lender, has announced on Monday that it partially cancelled EUR 125 million subordinated notes. “OTP Bank Plc. purchased on the secondary market Notes from the... 

Hungary’s OTP bank is “extremely stable" from capital and liquidity standpoint and it is expected to post net profit also in 2012, said Chairman-CEO Sándor Csányi on Tuesday. He hopes that... 

Moody's Investors Service downgraded to Ba1 from Baa3 (on review for downgrade) The covered bonds of Hungary’s Land Credit and Mortgage Bank (FHB) on Tuesday. This rating action follows Moody's downgrade... 

Having completed a review of Hungary's OTP Bank and OTP Mortgage Bank, Moody's Investors Service has reconfirmed ratings in line with a decision on November 25, OTP said on Monday. Moody's put OTP on... 

Moody's Investors Service has on Tuesday downgraded to Baa3 (on review for downgrade) from Baa1 (on review for downgrade) covered bonds issued by Hungary’s OTP Mortgage Bank. This rating action follows...