05.04.2023

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 sources more

03.29.2023

Romania’s economic growth will slow down in the first half, following a decline in household spending, investments and the compression of the export growth rate, but has solid prospects of a later more

03.14.2023

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 located in more

03.10.2023

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 line with more

02.20.2023

OTP Bank, the Romanian subsidiary of Hungary's largest banking group, said it would continue in 2023 the partnership concluded within the IMM Invest PLUS program aimed at supporting Small and Medium more

12.05.2022

Luca Victor Rogojanu was appointed Deputy Chief Executive Officer (DCEO) and coordinator of the Credit and Risk Management Division within OTP Bank Romania, the local division of Hungary’s largest more

11.10.2022

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 RON151 more

10.13.2022

Romania’s economic growth is slowing down as the market tries to adapt to high energy prices, with a GDP growth estimated at 5% in 2022 and at 2.3% in 2023, according to an analysis by lender OTP more

10.04.2022

OTP Bank Romania introduces the Google Pay service in its portfolio, which makes it possible for Mastercard bank clients to make online or contactless payments at any POS, just with an Android more

09.13.2022

OTP Bank Romania on Tuesday said it participated in financing the loan recently granted on the local market to real estate developer Iulius Group to support investments in Iulius Mall regional more

09.08.2022

OTP Group has launched the fifth edition of the Startup Booster program and will collaborate with 12 technology startups that will test their products and services within the subsidiary banks in more

08.11.2022

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, notes the more

08.08.2022

OTP Bank Romania on Monday said it increased the interest rates on 1- and 3-month term deposits in lei by 0.4% and 1.10%, reaching up to 5.10% and 6.10%, respectively. more

06.24.2022

OTP Bank expects Romania’s economy to increase by 4% in 2022 and to slow down its growth pace to 3.5% in 2023, the lender said in a report. more

05.06.2022

OTP Bank Romania registered a loss of RON24 million in the first quarter of 2022, predominantly impacted by risk costs, according to the report published in Budapest, which presents the consolidated more

04.15.2022

Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.” more

04.12.2022

OTP Asset Management Romania has launched OTP Innovation Fund, the first fund in Romania that offers the possibility to invest, internationally, in companies that allocate a significant share of their more

04.11.2022

OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes more

04.06.2022

OTP Group, also present in Romania through OTP Bank Romania, has started the integration of a new platform, FLOWX.AI, the low-code/no-code provider in the enterprise space, to accelerate and reshape more

03.04.2022

OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Romania more

02.02.2022

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, has announced a 75% surge in the number of clients who carried out banking transactions using the Internet Banking more

01.18.2022

OTP Bank, the largest banking group in Hungary, also present in Romania, has appointed Bogdan Spuza to the position of Chief Executive Officer (CEO) of its division in the Republic of Moldova, more

12.29.2021

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, on Wednesday said it increased its share capital for the second time in 2021, by over RON200 million. more

12.02.2021

Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy more

11.08.2021

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the more