At the same time the Russian and Ukrainian operations suffered a meaningful volume contraction (-17% and -5% respectively). and corporate clients.The Serbian subsidiary of OTP Bank has a significant OTP banka Da bismo za Vas osigurali bolje korisničko iskustvo, prikazivanja personalizovanog sadržaja, prikazivanja relevantnih reklamnih ponuda i druge funkcionalnosti, na ovom sajtu koristimo kolačiće. bank in both the retail and corporate segments.The fourth largest bank in Moldova and is active as a Funds.OTP Factoring Ltd. is the largest corporation in the country purchasing and Its name was changed to the National Savings and Commercial Bank. As a result of 3 public offers along with the introduction of the bank's shares into the Budapest Stock Exchange the state's ownership in the bank decreased to a single voting preference (golden) share. All rights reserved.Giro account of resident retail customers,Term savings deposit at variable rate of interest. 2020. In case of exposures under the effect of payment moratorium bulk of the risk is expected to materialize only after the moratorium expires, however in line with IFRS 9 guidance the Bank also made the necessary provisions on them. universal bank in both the retail and corporate segments.4th largest bank in Besides Hungary, OTP Group currently operates in 12 other countries in the region through its subsidiaries in Hungary, Albania, Bulgaria, Croatia, Romania, Serbia, Slovenia, Slovakia, Ukraine, Montenegro, Russia and the Republic of Moldova.The continuous development and expansion of OTP Bank has contributed significantly to the success and efficient operation of the Group that can offer high quality services to both, retail and institutional clients. Also, given its absolute volume, the 2% ytd erosion in Bulgaria (-HUF 56 billion) was substantial, too.The direct negative impacts of the coronavirus could be already observed in 2Q through increase in the DPD90+ volumes (1Q: HUF 30 billion, 2Q: HUF 53 billion adjusted for FX and the effect of sales and write-offs).The consolidated DPD90+ ratio increased to 4.4% (+0.2 pp q-o-q).Total risk costs in 2Q represented -HUF 39 billion to cover the actual portfolio quality deterioration, as well as reflect the revision of forward looking economic assumptions. All Group members, but the Ukrainian subsidiary and Merkantil Group managed to post a meaningful q-o-q improvement in bottom-line earnings.The profit contribution of non-Hungarian operations reached 50% in 2Q increasing substantially both y-o-y and q-o-q (+8 and 19 pps respectively).In 2Q the pre-provision operating profit was HUF 131 billion (+3% q-o-q). 2019. {{ !navigationbarVisible ? Provisions for impairment on loan and placement losses declined to -HUF 31.5 billion in 2Q which was roughly 1/3 of those in the previous quarter; as a result 2020 1H risk cost rate was 1.73% (2Q:0.92%).The FX-adjusted deposits grew by 2% q-o-q, as a result during the first six months volumes expanded by HUF 413 billion (+3% ytd). Group provides its universal financial services through several subsidiaries. About OTP group As a dominant player on the banking market of Hungary and Central Europe, OTP Group offers high quality financial services to nearly 14.5 million clients in nine countries. ON TIME PLACEMENTS (OTP) is the synthesis of experts who are veterans in the International recruitment field. Ltd. is offering project preparation and management services for the use of EU We also have Pan India and Pan Asia operations.OTP is truly a modern response to new challenges in the. Corporate Governance. OTP Group Owing to economic and legal considerations OTP Group provides its universal financial services through several subsidiaries. supplied by sales of insurance products with strategic collaboration with french Vojvođanska banka a.d. Novi Sad je članica OTP Grupe čiji klijenti na raspolaganju imaju razgranatu mrežu filijala i bankomata, savremene servise, finansijske usluge i proizvode. transferred by OTP Factoring Ltd.After the realisation of its own privatisation process, OTP Bank started its.The Slovakian bank was OTP's first foreign acquisition that provides a full This ratio equals to the Tier1 ratio and did not include either the retained earnings for the period or accrued dividend.© OTP Bank d.d. Hungarian market.It is the market leader in the building society savings market offering saving market.As a significant stage of the regional expansion OTP Bank acquired the Moscow In 1H operational expenses nominally surged by 16% y-o-y, however adjusted by the acquisitions (2Q 2019: the Albanian subsidiary, 2H 2019: the Montenegrin, Moldavian, Serbian and from January 2020 the Slovenian subsidiaries) the FX-adjusted expense growth would be only 2.6% y-o-y.In 2Q 2020 the Group posted HUF 82.2 billion adjusted profit, of which the Slovenian subsidiary comprised HUF 3.2 billion. The several parts of the group work in different areas of business. The Board of Directors, the Supervisory Board, the Audit Commitee, the executive board and management of OTP … In Hungary traditional banking operations are performed by the Bank while specialized services, including car leasing, investment funds are developed and offered by the Bank's subsidiaries. The NII decline was more meaningful at the Bulgarian, Russian and Ukrainian subsidiaries where the erosion of local NIMs was coupled with lower performing loan volumes.In 2Q the FX-adjusted performing portfolio grew by 2% q-o-q at OTP Core, OBR and OBH (+5% q-o-q in Serbia), but decreased in Bulgaria (-3%), Ukraine (-6%) and Russia (-14%).

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