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New opportunities for investors of OTP Capital
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Asset Management Company OTP Capital together with OTP Bank offer new service for clients on joint investment market. Now to check current price of securities of investment funds under OTP Capital management it’s enough to call to Call Center of OTP Bank and chose option of voice menu IVR (Interactive Voice Response)
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New options on our website
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OTP Capital is pleased to inform you that new option “investment calculator” has been implemented on the website of the company
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Minimal investment to MIF OTP Classic is decreased 1 security
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Since the 11th of March 2009 1 minimal investment to MIF OTP Classic is decreased from 5 to 1 investment certificates. Related changes were made to prospectus of the fund in February. Changed prospectus was registered and published in official periodical of SSMSC on the 10th of February
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OTP Group: growing profit contribution of foreign subsidiaries
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In 1H 2011 OTP Group posted HUF 74.5 billion after tax accounting profit, including the negative effect of the Hungarian banking tax. Excluding this item, the adjusted net earnings reached HUF 88.7 billion, underpinning a 5% y-o-y growth. The 2Q adjusted profit represented HUF 44.6 billion (+1% q-o-q). The size of the banking tax remained the same (HUF 7.2 billion) and similar quarterly levy is expected for the rest of the year
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OTP Group results exceeding analysts’ expectations
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The positive trends were continuing in 1Q 2011: in most of the countries industrial production grew steadily and export performance was strongly supported by the robust German economy as well as with global demand for commodities
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OTP Group: expanding result dynamics
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In 2010 OTP Group posted HUF 162 billion adjusted profit after tax by 7% higher than in 2009. Including the HUF 29.5 billion net effect of the special banking tax, as well as the net HUF 15 billion goodwill write off, the accounting net result is HUF 118 billion (-22% y-o-y). In 4Q the adjusted net profit represented HUF 31.8 billion
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JSC OTP Bank Posts 4Q 2010 Positive Financial Result
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JSC OTP Bank reports solid 4Q 2010 profit. The Bank’s financial result according to the National Accounting Standards reached UAH 609.4 mln evidencing its outstanding performance after the financial result -UAH 464.3 million at the end of 2009. “The positive financial results for the reporting period allowed us to fully cover the losses in 2009, in the year of recession,” highlighted Mr. Dmitry Zinkov, Chairman of the Board of OTP Bank
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