OTP Bank Romania | Romania Feed

Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the leasing and asset management companies within OTP Romania Group (including OTP Asset Management SAI SA and OTP Leasing Romania IFN SA), for a total amount of EUR347.5 million.

OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impacted by risk costs, a report of the Hungarian OTP Bank group shows.

Hungary’s OTP Bank Group, one of the largest banking groups in the region, has started to discreetly probe the market to assess interest from other banks to buy OTP Bank Romania, banking sources told ZF.

Luca Victor Rogojanu was appointed Deputy Chief Executive Officer (DCEO) and coordinator of the Credit and Risk Management Division within OTP Bank Romania, the local division of Hungary’s largest bank group.

Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which includes the operating activities for private individual and legal entity clients, including microenterprises, small and medium-sized enterprises (SMEs) and corporations.