Blue chip treasury stock little changed in April

April did not bring big changes in the treasury share stock of BSE's four blue chips.
BusinessWednesday, 23:05 May 2., 2012 Read more

Cellum establishes JV in Bulgaria

Hungary's market leader in developing mobile payment technology has established a joint venture with Bulgaria's Corpbank.
BusinessFriday, 16:20 April 20., 2012 Read more

OTP Bank warns clients of "phishing" attempts

The bank advised clients who had revealed information to perpetrators to contact the bank's customer service immediately.
FinanceFriday, 14:10 April 20., 2012 Read more

MFB Invest plans HUF 20-30 bln of investments in 2012

The venture capital unit of MFB aims to invest HUF 5 billion in smaller projects, and HUF 25 billion-30 billion in gas and mobile telecommunications projects.
BusinessThursday, 16:45 April 12., 2012 Read more

OTP board proposes dividend payment of 100% of face value of shares

The bank will spend HUF 28 billion on dividend payment from its 2011 unconsolidated HAS after-tax profit of HUF 136.6 billion.
FinanceThursday, 09:50 April 5., 2012 Read more

OTP interested in acquiring another bank in Romania, Deputy CEO said

Recent talks regarding the possible acquisition of the Romanian banks RBS and Banca Carpatica failed because the owners had "overvalued the selling price."
BusinessMonday, 10:35 April 2., 2012 Read more

Blue chip board members take home 2.5 times average Hungarian pay

Board members of OTP Bank, MOL, Richter and Magyar Telekom received gross cash remuneration of HUF 6.6 million on average last year.
BusinessWednesday, 12:15 March 28., 2012 Read more

OTP Bank raises capital by €32 mln at Romanian unit

The decision follows an announcement of a €12 million capital raise at OTP's Montenegrin unit.
FinanceTuesday, 18:25 March 13., 2012 Read more

OTP Bank raises capital by €12 mln at Montenegrin unit

OTP Bank on Monday announced a €12 million capital raise at its unit in Montenegro.
BusinessMonday, 13:50 March 12., 2012 Read more

OTP expects lending portfolio to expand in 2012

Hungary's OTP Bank expects its consolidated stock of loans to start growing in 2012 and it sees the deterioration of the lending portfolio slowing.
FinanceFriday, 14:05 March 9., 2012 Read more

FX repayment scheme put OTP in red

Risk costs and write-offs from an early foreign currency-denominated mortgage repayment scheme gave OTP Bank a HUF 25.8 billion loss in 2011 Q4.
FinanceFriday, 10:35 March 9., 2012 Read more

Polish factoring company plans investments in Hungary

The company, aiming to become the leading factor in Central Europe, says Hungary's factoring market is not as developed as the one in Poland because Hungarian banks do not have factoring partners.
BusinessTuesday, 10:30 March 6., 2012 Read more

BUX advances 0.43% in quiet trade

OTP Bank gained 0.98% to HUF 4,035, while Richter advanced 0.60% to HUF 38,830.
FinanceFriday, 17:55 March 2., 2012 Read more

MOL treasury share stock falls in February

With the exception of MOL, treasury shares of Hungary's blue chip companies have remained nearly unchanged in February from the previuos month.
FinanceThursday, 15:55 March 1., 2012 Read more

OTP Bank establishes real estate broker

OTP Ingatlanpont, a new unit of OTP Bank, will offer real estate that is not available elsewhere, and it aims to become one of the top three real estate brokers in Hungary.
FinanceTuesday, 16:10 February 28., 2012 Read more

OTP Bank redeems 100 mln Swiss franc

Hungary's OTP Bank has redeemed a maturing 100 million Swiss franc senior note plus the last interest on February 24.
FinanceMonday, 11:40 February 27., 2012 Read more

Changes to mortgage bond issue system not timely

The new mortgege bond purchase program to be launched by the National Bank of Hungary would be untimely, because of projections for low demand for credit and declining lending activity, OTP executive says.
FinanceThursday, 14:15 February 16., 2012 Read more

OTP Bank raises capital at Serbian unit

OTP Bank on Thursday said it raised registered capital at its unit in Serbia by RSD 495m (€4.76m) to RSD 7.148bn.
FinanceThursday, 14:45 January 12., 2012 Read more

Moody’s affirms ratings of OTP Bank, OTP Mortgage Bank

OTP Bank on Monday said Moody’s Investors Service concluded a review for downgrade on ratings initiated on October 4, 2011 and affirmed the ratings of OTP Bank and OTP Mortgage Bank.
BusinessMonday, 11:10 December 19., 2011 Read more

Moody’s changes outlook on OTP Bank Ukraine to negative from stable

Moody’s Investors Service on Friday said it changed the outlook to negative from stable on the B3 long-term foreign currency deposit rating of OTP Bank Ukraine, a unit of Hungary’s OTP Bank.
BusinessFriday, 13:10 December 16., 2011 Read more

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