Three years after OTP Bank Romania launched OTPdirekt service, its users exceeded the number of 15000. OTPdirekt users reached almost 10% of the total banks customers number, which shows the quality and popularity of the service. Moreover, the number of users increased with 50%, compared to the same period of last year.rnrnBesides the number of OTPdirekt users, the number and volume of transactions increased as well. The number of transactions made through OTPdirekt increased with 26%, compared to the same period last year, while the volume of transactions has increased with 17%.rnrnWe are aware that our clients wish to spend the least time possible with banking administration. OTPdirekt is a comfortable, fast and safe service, which fits perfectly to the modern lifestyle. The multitude of operations that clients can make through this channel, has also contributed to becoming such a popular service, said László Diósi, General Director, OTP Bank Romania.rnrnOTPdirekt users can access their banking accounts 24 hours a day, 7 days a week, by three channels: telephone (Call Center), internet (Internet Banking) and SMS (SMS alerts). Large range of banking services can be reached fast and comfortable, both by individuals and companies: payments within the bank and between banks, in RON and foreign currency, exchanges, deposits management, budgetary payments, opening new current and savings accounts, credit card payments, changing the ATM withdrawal limits, changing the SMS alerts. rnrnOTP Bank Romania is a subsidiary of OTP Bank, the largest independent bank in Central and Eastern Europe. Outside Hungary, OTP Bank operates in Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia. OTP Group serves almost 12 million customers in 9 countries, via 1,500 territorial branches, the ATMs network and the electronic system. rn
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The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank
Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii
NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii
ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii