News and events

Please note that the agencies Baraolt, Covasna, Cristuru Secuiesc, Gheorgheni, Sovata, Salonta and the branches Tg. Secuiesc and Odorheiu Secuiesc will be closed on 1st of April 2024.

OTP Group announces the financial results for 2023. According to the report published in Budapest, which presents the consolidated results adjusted in accordance with the Group´s standards, OTP Bank Romania recorded a consolidated net profit of 262 million RON in 2023, seven times higher than the amount of 2022.

OTP Bank Romania introduces a new loan offer for its customers: the fixed-rate mortgage loan, from 5.79% in the first three years, thus improving the range of banking products available and responding to the diverse needs of its customers. This option is a tailored financial solution for those who want stability and predictability in their medium-term budget planning.

Fiscal risks are still significant and further measures are needed to bring the budget deficit in line with the 3% target by 2025. According to OTP Bank analysts, the local economy experienced weaker growth in 2023 than previously anticipated. Nevertheless, some lights are visible at the end of the tunnel: after expanding by 1.5% in 2023, 2024 growth could be close to 3%. The outlook for this year is mostly influenced by the recovery in consumption due to higher real wages, the pace of construction activity and developments in the euro area.