OTP
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OTP In Pole Position To Buy Banca Romaneasca
Hungary’s leading banking group OTP is in pole-position in the tender to buy Banca Romaneasca, ahead of Banca Transilvania, banking industry sources said.
OTP Gets EUR25M From EIB To Fund SMEs
OTP, a mid-sized player in the banking sector, controlled by Hungary’s largest financial group OTP, got a financing line of EUR25 million from the European Investment Bank (EIB), which will...
OTP Bank Completes Millennium Romania Takeover, Reaches 2% Market Share
OTP Bank Romania, part of Hungarian group OTP, has completed the acquisition of Millennium Bank Romania from Portugal's Banco Comercial Português, in a EUR39 million deal that raises its mar...
OTP Bank Romania Posts 9-Month Profit Of EUR7.7M
OTP Bank Romania posted a net profit of HUF2.4 billion (EUR7.7 million) in the first nine months of the year, after a loss of HUF1.68 billion (EUR5.6 million) in the same period last year, t...
OTP Close To Buy Millennium Bank Romania
OTP Bank, the local branch of the largest Hungarian financial group, is one step away from completing talks with Portugal’s Millennium to buy its Romanian subsidiary. The move would allow it...
OTP Bank Hikes Share Capital By RON50M
OTP Bank Romania, the local unit of Hungary’s financial group OTP, hiked its share capital by RON50 million, from RON732.9 million to RON782.9 million, via cash contribution from its main sh...
The Luckiest Fund: It Exited Shares At Proper Time And Yielded 12%
Betting on stock in the first three months of the year, when the Bucharest bourse climbed 15%, and a shift to bonds starting April, close to the debt crisis onset, was the strategy that brou...
OTP Bank Romania Swings To EUR5.5M Net Profit In 1H
OTP Bank Romania registered a net profit of 1.47 billion Hungarian forints (EUR5.5 million) in the first half of the year, compared to a loss of HUF2 billion in the same interval of 2010, fo...
First Fund “Secured Against Losses”, Beaten By Banking Interest
The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plumme...