Hungarian financial group OTP looks at Russian bank Home Credit

by time news

Czech-Hungarian relations

Czech investment and financial group PPF has assets in a number of industries: banks (Home Credit, PPF Banka, Clear Bank, Mobi Banka, Air Bank, Zonky), insurance, energy, agriculture, mining (Polymetal), retail, real estate, biotechnology, media, telecom. In Russia, PPF owns Home Credit Bank, the insurance companies PPF Life Insurance and PPF General Insurance, the RAV Agro-pro agricultural holding, as well as a 20.68% stake in Polymetal. In 2002, the group bought the innovative bank Technopolis in Russia and later renamed it Home Credit. In December 2016, the group sold the Eldorado retail chain to the Safmar financial group. According to the results of 2020, PPF assets amounted to 39.6 billion euros, with a net loss of 291 million euros against a profit of 1 billion euros a year earlier.
The Hungarian financial group OTP Group operates in the areas of financial, insurance, investment and banking business. The banks of the group are located in Hungary, Croatia, Romania, Serbia, Ukraine, Bulgaria, Montenegro, Albania, and since the end of 2006 – in Russia. The core of the group is OTP Bank, which is the largest bank in Hungary and occupies a quarter of the country’s market. OTP Bank is ranked 872 in the Forbes Global 2000 list of the world’s largest public companies with revenue of $ 5 billion, net profit of $ 847 million, assets of $ 78.7 billion and market capitalization of $ 12.1 billion.

.

You may also like

Leave a Comment