Hungarian Banking Association warns of fintech threat
New loans down 7.7% y/y in July
Machinery purchases in H1 were 29% higher than a year ago.
Revenue growth outpaced operating and risk costs.
Prenatal loans drive record-breaking July lending.
Merger with existing unit to be completed by H2 2020.
The credit rating agency reacted to OTP's EUR 500 mn bond issue.
The EBRD is supporting the successful return of Hungary's OTP Bank to the international capital markets with a EUR 60 million investment.
The number of cash withdrawals fell 45% in 5 years.
3 out of 10 find e-payments complicated or unsafe.
The identity check of bank account holders will be pushed back by double the time requested by banks.
China Construction Bank will open a Hungarian branch.
Erste, K&H ratings improved from Baa2 to Baa1.
Variable-interest loans now only have a 3% market share, an all-time low.
OTP steps up share purchase programme under April's AGM resolution.
OTP will keep buying its shares under April's AGM resolution.