Tag "OTP"

OTP: fruit and vegetable production could be made more successful with development

According to the experts of OTP agro business, the strengthening of cooperation, the rationalization of subsidies and the development of infrastructure could make domestic fruit and vegetables more secure and...

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Magazine: Fierce competition between banks

The switch to digital processes in customer management is continuous in Hungarian banks. This creates great challenges for them. András Fischer, OTP Bank’s head of innovation – retail banking told our...

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The VAT on long-lasting milk will be reduced next year

Next year, the VAT of another basic food, the VAT on long-lasting milk (UHT, ESL) will decrease, which can partly be reflected in retail prices and increase traders’ margins –...

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The OTP Real Estate Fund bought the MOM Park

The OTP Real Estate Fund has purchased Budapest’s MOM Park. The net asset value of one of the largest real estate investment fund in Hungary has exceeded 310 billion forints...

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The GVH approved the sale of MOM Park

The Hungarian Competition Authority (GVH) has approved the transaction on the transfer of the MOM Park shopping center, so it can be owned by the OTP Real Estate Fund –...

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Large companies also contribute to the digitalisation of the SME sector (Part 2)

How can large companies support SMEs in going digital? In the last few years banks also tried to convince customers to start using the latest technological solutions. The many online services...

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Magazine: Anyone can afford having a bank card terminal

According to Ágnes Hornung, secretary of state at the Ministry for National Economy (NGM), in Hungary the proportion of electronic transactions is still much smaller than the European average. The bank...

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Magazine: New training programme for mid-level managers

In November the School for Executive Education and Development (SEED) started a course for mid-level managers of medium-sized and large companies. The English-language training programme titled Foundations of Management is the...

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The OTP Bank strives to increase its agricultural loan portfolio

The Hungarian agriculture is an important business area for the OTP Bank and therefore strives to increase its agricultural loan portfolio – the bank’s CEO said on Tuesday in Budapest....

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GKI: Property market outlook is over its peak

In July, the GKI real estate indices for Budapest and Hungary stood at 1 and 0 points respectively. Both figures dropped slightly by 1 point, compared to the previous survey....

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Agricultural Experts: highly processed products may increase Hungarian agricultural exports

Although Hungary’s agricultural foreign trade was successful, its balance in 2016 was about 3 billion euros in surplus, the country still does not use its agro-ecological potential. To do this,...

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More than two billion HUF is still on the SZÉP cards

Two weeks before the expiration date, about 2.3 billion HUF from the 2015 uploads are still on the Széchenyi Rest Cards – the card issuers told MTI. Unused funds will...

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More than 4.2 billion HUF amount expires this year is still on the Széchenyi Rest Cards

More than 4.2 billion HUF benefits that expire after 31 May are still on the Széchenyi Rest Cards – the card issuers told MTI. At the OTP Bank 3.2 billion...

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The SZÉP-card owners spent more in the first two months

Compared to last year the Széchenyi Rest Card owners spent more in the first two months of the year – the card issuers told MTI. The OTP Széchenyi Rest Card...

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Mobile Wallet and Vodafone Wallet services available no more

Telekom announced on its website that the company’s Mobile Wallet service ends as of 1 April 2017. The same message was waiting for the users of the Vodafone Wallet service...

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OTP: VAT should also be reduced in the case of the long-life milk

According to the experts of the OTP Bank, VAT should also be reduced in the case of the UHT and ESL milks. The VAT reduction would increase domestic consumption, which...

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The Széchenyi Rest Card holders spent 850 million HUF during the long weekend

As the hotel market players have already indicated, the families spent the first weekend of November with traveling to mostly rural destinations – magyaridok.hu wrote. During the four-day break, the...

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Csányi Sándor: agriculture is a key area of the OTP Bank's activities

The Hungarian agriculture is one of the OTP Bank’s key area, therefore the Bank seeks to increase market share in this area – the Bank's CEO said on Tuesday in...

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Finances managed well

Wyze.me is an application that makes it possible to manage our finances in a well-arranged fashion. The app connects directly to our bank account, getting spending data from there, which...

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OTP plans to increase share in the financing of agriculture

Instead of the present 16-17 percent, OTP Bank plans to increase its share to 20 percent in the financing of agriculture by 2020. The bank prefers the crop farming segment...

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A considerable amount is still on the SZÉP cards before the deadline

There are just less than a month left for the owners of the Széchenyi Rest Cards to use the amount on their cards that was uploaded in 2014. The uploads...

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The use of the OTP Széchenyi Rest Cards increased at the end of the year

The use of the OTP Széchenyi Rest Cards increased sharply last December. The cardholders spent approximately one billion HUF more in the last month of the year than in December...

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Two hundred exhibitors at the BabaMama Expo

About 200 exhibitors, children's programs, expert advices, stage shows and a number of toy innovations are waiting the families at this year's BabaMama Expo to the Budapest Sports Arena from...

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The OTP Bank and the PortfoLion will purchase the Szallas.hu

The OTP Bank and the PortfoLion Regional Private Equity Fund will purchase the hundred percent ownership of the Szallas.hu Kft. from the Central Médiacsoport (Central Media Group) and the two...

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Double-digit growth in the turnover of the Széchenyi Rest Cards in the summer

The issuing banks achieved a double-digit growth in the turnover of the Széchenyi Rest Cards in the summer season – the financial institutions told MTI on Monday. The OTP Széchenyi...

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The Lake Balaton became three billion HUF richer

In three months, the OTP Széchenyi Rest Card holders used 23 billion HUF benefits. This summer has been the most successful since the issuance of the first card. The Lake...

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OTP: the tightening in the usage of the Széchenyi Rest Cards can have an adverse effect on tourism

The OTP Bank is concerned about the proposed amendmentof the Széchenyi Rest Card system that was raised last week, because the Bank believes that any tightening the usage of the...

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New lending scheme from OTP Business to help enterprises

OTP Business worked out a new lending scheme which targets small and medium-sized enterprises (SMEs). ‘OTP Business 250 Lending Scheme’ offers various types of loans from HUF 10 million to...

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The long weekends increased the use of OTP SZÉP cards

The longs weekends this year significantly increased the use of the OTP SZÉP cards. The cardholders have nearly used 97 percent of the 2013 benefits – the OTP Group told...

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OTP to finance the KITE Zrt. with huge amounts

The OTP Bank will provide funds worth more than ten billion forints to the Nádudvar-based KITE Zrt. The bank has a 46.86 percent minority shareholding in the company – agrarszektor.hu...

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