Tag: otp

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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... 

Target price lowered for Hungary's OTP

January 28, 2019, 8:14 am
J.P. Morgan has updated its model for OTP and lowered its target price slightly for the Hungarian banking stock. J.P. Morgan has cut its target price for OTP to HUF 14,500 from HUF 14,700 previously... 

Mol voted most transparent firm on Budapest Stock Exchange

January 18, 2019, 1:56 pm
Stepping forward two places oil company Mol has become the most transparent Hungarian company listed on the Budapest Stock Exchange (BSE), taking over OTP and Magyar Telekom, according to the latest annual... 

Hungary's OTP Banks mulls entering Slovenia - Csányi

January 16, 2019, 1:53 pm
OTP has acquired the Bulgarian interest of Societe Generale at 1.0-1.5x book value. Rationalisation (i.e. the closure of branches) is about to begin there, with the goal of making OTP the first on the... 

Hungary OTP closes Bulgarian acquisiton

January 16, 2019, 9:25 am
Hungary’s OTP Bank has announced on Wednesday that the financial closure of its Bulgarian acquisition has been completed. As a result of that, OTP acquired the 7th largest bank of the Bulgarian market... 

Hungary's OTP buys Serbian bank

December 20, 2018, 10:04 am
OTP Bank has acquired a 100% stake in Societe Generale Banka Srbija and its affiliates, OTP announced on Thursday. SGS is the fourth largest bank in Serbia, with a 8.4% market share by balance sheet... 

Hungary's OTP buys own shares for HUF 2.2 bn

December 11, 2018, 10:48 am
Hungary’s OTP Bank bought another 200,000 own shares on the Budapest Stock Exchange (BSE) on Monday, the bank announced on Tuesday. The shares were purchased at a HUF 11,304 average price per... 

OTP leads 2015-2018 CEE M&A ranking

December 11, 2018, 9:19 am
OTP has been the biggest buyer in the regional banking market for the past two years, ahead of the Polish government, Deloitte said in a freshly published study. Hungarian banks are highly profitable despite... 

Planned wage hikes seen upsetting Hungary's budget in 2020

December 7, 2018, 2:36 pm
In recent weeks Hungarian ministers announced three waves of public sector wage increases that will affect the spending side of the budget. Analysts at OTP Research published a research note assessing... 

OTP's Bulgarian acquisition is on track

December 5, 2018, 1:33 pm
After Bulgaria’s central bank gave the go-ahead to Hungary’s OTP buying a bank from Societe Generale in the country, the local financial supervision has also green-lighted the acquisition.... 

Hungary OTP buys own shares for over HUF 1 billion

November 30, 2018, 9:25 am
Hungary’s OTP Bank bought another 100,000 own shares on the Budapest Stock Exchange (BSE) on Thursday, which corresponded to 16% of all transactions with OTP shares. The shares were purchased... 

Hungarian and Austrian banks seen widening footpring in the Balkans

November 27, 2018, 11:37 am
Bank sales in the former Yugoslav republics have started to pick up. Austrian and Hungarian lenders may be among bidders for stakes, Bloomberg reported. The news agency’s article had the following... 

ANALYST VIEW - Morgan Stanley ups target price for Hungary's OTP

November 27, 2018, 8:22 am
Morgan Stanley has raised its target price for Hungary’s OTP to HUF 13,800 from HUF 13,200 previously. The new TP offers a 20.4% upside potential over the banking paper’s closing price on the... 
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