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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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Alro Slatina signs USD 137m loan from a syndicate of banks led by Raiffeisen Bank

The aluminium producer Alro Slatina has contracted a loan of USD 137 million from a syndicate of banks led by Raiffeisen International and Raiffeisen Bank Romania, a release from Alro informs on Friday, according to capital.ro. “The conclusion of this ...

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Hungarian OTP eyes Greek banks’ subsidiaries in CEE, including Romania

Hungary’s largest lender is interested in expanding its operations. Greek banks’ subsidiaries in CEE represent a good opportunity in this respect. Thus, according to OTP Deputy CEO László Bencsik, the financial institution trusts that acquisitions opportunities will open up in ...

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300 Romanian companies received EUR 112 M through EBRD finance programme for energy efficiency improvements

Banca Comerciala Romana (BCR), BRD Groupe Société Générale, Banca Transilvania, CEC Bank, OTP Bank, Raiffeisen Bank and UniCredit Tiriac Bank have all been part of the European Bank for Reconstruction and Development (EBRD) and EU’s joint programmes financing sustainable energy ...

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Three quarters of Romanians don’t save money for emergencies, pensions or children’s education

Over 70 percent of Romanians admit they did not save money for emergency situations, for pensions or expenses on children’s education, a study conducted by OTP Bank and FinZoom.ro reveals. The survey also shows the respondents do not plan their ...

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Millennium Bank is officially part of OTP Group in Romania

The complete acquisition of Millennium Bank shares, former member of Banco Comercial Português, by the subsidiary of OTP Group in Romania has been concluded, following a EUR 39 million payment. Thus, according to a press release, as a result of ...

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