- OTP Bank is going to resume its operations in Serbia. Last year it
registered 1.39 billion RSD worth of profit before taxation, which is 33.5%
more than in 2007 – said Henrik Auth, the President of the Executive Board of
that bank.
He told Beta that Hungarian OTP banking group was not going to sell its bank
in Serbia, but to develop the business.
- OTP group planned the expansion to the markets of former republics of
Soviet Union. It also took the possibility of sale of banks in Slovakia and
Serbia in consideration, but the group made the strategic decision in October 2008
to stay in Serbian market – Mr. Auth pointed out.
According to the estimates, the market in Serbia has the potentials that enable
OTP Bank to operate successfully and stably, and further development of
business in Serbia represents the best long-term solution.
According to the words of Mr. Auth, total balance sum in OTP Bank in Serbia
was increased last year by 19.4%, reaching 48.3 billion RSD, while the market
percentage grew to 2.51.
- Total capital of the bank amounted to 12.54 billion RSD in 2008, while the
bank’s stock capital amounted to 6.6 billion RSD. The increase in the bank’s stock
capital is not in the plan for this year – he pointed out.
The President of the Executive Board of OTP Bank said that the aim of the
ongoing reorganization of operations was the improvement of efficiency, and he
specified that that process was the consequence of the merger of three banks in
Serbia - Kulska, Niška and Zepter.
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