OTP
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Banca Transilvania’s 2024 Budget Does Not Include OTP Acquisition
The numbers in the 2024 budget of Banca Transilvania, the largest lender in Romania, a 20% higher profit of RON3 billion, 10% higher assets of RON179 billion and RON9.2 billion interest income for Banca Transilvania alone, do not include the acquisition of OTP...
Sale Of OTP Bank Romania Pushed Into October
The sale of OTP Bank Romania – submission of final bids, choosing a winner – has been pushed from September into October and those still in talks are Banca Transilvania and Raiffeisen Bank,...
OTP Bank Ends H1 With RON183M Consolidated Net Profit
OTP Bank Romania recorded a consolidated net profit of RON183 million in the first half of 2023, driven by an increase in operating profit and positive credit risk costs, as the bank posted...
OTP Officially Notifies Management OTP Bank Romania Is Up For Sale
OTP Bank has officially confirmed via an announcement by its management that OTP Bank Romania is up for sale, a process that may take a few months and if successful, the deal should be close...
Hungary’s OTP Starts Probing Market for Interest in OTP Bank Romania
Hungary’s OTP Bank Group, one of the largest banking groups in the region, has started to discreetly probe the market to assess interest from other banks to buy OTP Bank Romania, banking sou...
Exigent Development Borrows EUR57.8M from OTP Group for Phase 5 of Plaza Residence
OTP Bank Romania and OTP Bank Plc have sealed a EUR57.8 million loan agreement with Exigent Property Investment for the construction of phase 5 of housing compound Exigent Plaza Residence lo...
OTP Bank Profit Shrinks 40% to RON34.6M in 2022
OTP Bank Romania posted after tax profit of RON34.6 million in 2022, a decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in...
OTP Bank Romania Posts RON15M Loss in Jan-Sep
OTP Bank Romania, the local subsidiary of Hungary’s largest banking group posted RON15 million loss in the first three quarters of 2022, largely due to the increase in total provisions to RO...
OTP Bank Romania Posts RON14M Losses in H1
OTP Bank, the Romanian subsidiary of Hungary's largest banking group, recorded a loss of RON14 million in the first half of this year, mainly due to an increase in the total cost of risk, no...