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Tag Archives: otp bank

OTP Bank Romania announces the financial results for the first half of 2018. After-tax profit of RON 19.7 M

According to the report published in Budapest by OTP Group, which presents the consolidated financial result adjusted in accordance with the Group’s reporting standards for the first half of 2018, OTP Bank Romania recorded a consolidated after-tax profit of RON ...

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Authority for Consumer’s Protection fines 15 banks for deceiving advertising

The National Authority for Consumer’s Protection (ANPC) has fined 15 banks with total amounts of over RON 500,000 for unfair commercial practices regarding advertising activities, asking them to cease these practices, to rectify the contracts already concluded, to return the ...

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Hotnews: List of banks not registering profit, among them BCR, Piraeus Bank, OTP Bank, Garanti Bank

According to a document released today, Banca Comerciala Romana (BCR) has not declared profit in the past five years, hotnews.ro informs. The document lists 31 commercial banks which have not declared profit and have not paid profit tax (corporate tax) ...

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Urgent Cargus takes a syndicated loan of RON 134 M from BCR, OTP

Urgent Cargus courier company, controlled by Abris Capital Partners investment fund, received a syndicated credit of RON 134 million (EUR 29.3 million) from the Romanian Commercial Bank (BCR) and the Romanian subsidiary of Hungarian bank OTP Bank, the financial institutions ...

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Varde US investment fund bids aggressively for Bancpost, sources say

Varde Partners, an US alternative-investment firm that manages more than USD 12 billion in assets, wants to enter the Romanian banking market and bid extremely aggressively for the acquisition of Bancpost, zf.ro informs, quoting sources. Financial offers for Bancpost had ...

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Hungary’s OTP agreed to buy NBG’s Banca Romaneasca, media sources

Hungary-based OTP Bank has concluded an agreement to buy the local subsidiary of National Bank of Greece (NBG), Banca Romaneasca, sources close the deal told Reuters on Friday. “There is a deal, NBG’s unit will be sold to OTP,” a ...

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Hungarian OTP Group plans to bid for Bancpost

Hungary’s OTP Bank sees specific acquisition opportunities around Eastern Europe, including Romania and wants to bid for Bancpost, after Greece’s Eurobank announced since early this year that is looking for a strategic partner to buy a stake in its fully-owned ...

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Higher profit by 50 pc for Hungary’s OTP Bank in Romania in Q1

Local subsidiary of Hungary’s OTP Bank registered an unadjusted consolidated profit after tax of RON 8.8 million in the first quarter 2016, up 50 percent year-on-year, the financial report of the financial institution shows. Earnings before tax, amounting to RON ...

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