Economy

OTP wins best Romanian bank award

3 months ago

The Romanian Association of Credit Brokers (ARBC) awarded the Romanian operation of Hungary’s OTP Bank Group the “Best Romanian Bank” title.

ARBC has established the award four years ago and said the reason for awarding OTP this year was that the bank has long been a reliable partner for credit brokers and as a result last year credits granted to private persons in Romania has grown by 200 percent.

Besides its home market, the Hungarian OTP Group currently operates in eight countries of the region via its subsidiaries in Bulgaria (DSK Bank), in Croatia (OTP banka Hrvatska), in Romania (OTP Bank Romania), in Serbia (OTP banka Srbija), in Slovakia (OTP Banka Slovensko), in Ukraine (OTP Bank JSC), in Montenegro (Crnogorska komercijalna banka) and in Russia (OAO OTP Bank).

Last year OTP – which has been present in Romania for 15 years – posted a RON 55.3 million (EUR 11.6 mln) net profit.