Brussels will unfreeze €13B for Hungary to help Ukraine. The European Commission is preparing to release about €13B in EU funds by the end of November. This step will ensure Budapest’s support in increasing the bloc’s budget and providing signif... #Hungary #OTPbank #SupportUkraine #VictorOrban
Ukraine has agreed to Hungary’s demands to unblock €500M from the EU military fund, but Orban called the step insufficient. The National Agency on Corruption Prevention (NACP) has suspended the status of the Hungarian OTP Bank as an international sponsor of war, the agency reported. In addition, this status has also been s... #EUmilitaryAid #MilitaryAidforUkraine #OTPbank #UkraineHungary #VictorOrban
The EBRD provides a €20M guarantee to a Ukrainian leasing company to support food security. OTP LEASING will use a guarantee from the EBRD to provide €80M in financing that will support food security and other critical sectors, the EBRD noted. The guarantee will allow OTP LEASING to support ... #EBRDinvestments #OTPbank #OTPleasing #UkraineInvestments
In May, Ukrainian banks earned UAH 6.1B. The main share of profit, 78% or UAH 4.8B, was earned by the state-owned Privatbank, reported opendatabot. Ukrgasbank also made a small profit of UAH 400M. On the other hand, other state-owned banks c... #BankingUkraine #OTPbank #PrivatBank #UkraineBanks #Ukrsibbank
OTP Bank buys Albanian subsidiary of Alfa-Bank for €55 mln, announced the bank. The transaction is expected to be concluded in the second quarter of 2022, and OTP Group’s market share in Albania will exceed 11% of the sector’s total assets, and its... #OTP #OTPbank #OTPbuysAlbanianBank
