The Russian Export Center included OTP Bank into the list of the authorized banks permitted to receive compensations out of the federal budget on the subsiding of the interest rate on export credits released by the Bank, as it was informed.
The agreement signed by the Bank stipulates the financing of the Russian exporters, their foreign buyers or banks of foreign buyers at the favorable terms. Due to the subsiding the credit rate can be reduced by several points.
OTP Bank is included into the OTP Group as one of the largest financial institutions in the Central and Eastern Europe.
The 2017-net profit reached 2.35bn rub.; assets reached 122.2bn rub. on Jan. 1, 2018.
The Group keeps the branches in different countries. In Russia it started operations in 2006.
The 9-month 2017 profit (IAS) at OTP Group in Russia increased 18% to gain 4.5bn rub.; operating profit moved up 6% to 11.6bn rub.; net commissions - 42% to 3.5bn rub.; corporate credits rallied up 53% to 10.7bn rub.
"AK&M", 12:35, 13.03.2018 1251 AKM,BNK