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The fourth largest bank in Moldova - Mobiasbanca - OTP Group is renamed into OTP Bank.

The fourth largest bank in Moldova - Mobiasbanca - OTP Group is renamed into OTP Bank.

As noted in the message of the bank, Mobiasbanca - OTP Group was renamed into OTP Bank by the decision of the general meeting of shareholders of the bank on May 13, which came into force on June 17. The bank informed about the validity of the current name of Mobiasbanca - OTP Group for documents, forms, applications, contracts issued earlier by the bank until a later date, which will be announced additionally. The owner of Mobiasbanca - OTP Group is the Hungarian OTP Bank Nyrt, which owns 98.26% of the bank's shares. Mobiasbanca - OTP Group ranks 4th (out of 11) among the largest banks in Moldova in terms of total assets. According to the National Bank of Moldova, in 2020 the net profit of Mobiasbanca - OTP Group amounted to 144.83 million lei against 246.84 million lei a year earlier. This is the 4th result among banks operating in the country after Moldova-Agroindbank - 646.2 million lei, Moldindconbank - 432.2 million lei and Victoriabank - 261.75 million lei. At the annual general meeting, the shareholders of Mobiasbanca - OTP Group decided to allocate more than 97.59 million lei for the payment of dividends, the amount of dividends amounting to 9.7648 lei per share. At the same time, more than 88.05 million lei will be paid to shareholders of Mobiasbanca - OTP Group in the form of dividends from the bank's net profit received at the end of 2019, and over 9.54 million lei - from the bank's net profit received at the end of 2020. The bank’s profit remaining after the payment of these dividends will remain unallocated. // 23.06.2021 - InfoMarket

News on the subject

The volume of money transfers to Moldova through banks in favor of individuals in January-May 2021, compared to the same period in 2020, increased by 29.5% (+ $ 148.59 million) - up to $ 651.73 million.
The volume of money transfers to Moldova through banks in favor of individuals in January-May 2021, compared to the same period in 2020, increased by 29.5% (+ $ 148.59 million) - up to $ 651.73 million.
Moldovan banks’ net profit in January-May 2021 amounted to 737.87 million lei, up 137.26 million (+ 22.9%), compared to the same period in 2020.
Moldovan banks’ net profit in January-May 2021 amounted to 737.87 million lei, up 137.26 million (+ 22.9%), compared to the same period in 2020.
The share of loans issued by banks of Moldova to resident legal entities at the end of April 2021 amounted to 61.9%, having decreased by 0.3% in comparison with the previous month
The share of loans issued by banks of Moldova to resident legal entities at the end of April 2021 amounted to 61.9%, having decreased by 0.3% in comparison with the previous month
The National Bank of Moldova will demand the Russian Gazprombank to return the $100 million illegally withdrawn from the correspondent accounts of Banca de Economii.
The National Bank of Moldova will demand the Russian Gazprombank to return the $100 million illegally withdrawn from the correspondent accounts of Banca de Economii.
At the end of 2020, about 331.8 million MDL banknotes of various denominations, totaling 32 billion 859.7 million lei, were in circulation in Moldova.
At the end of 2020, about 331.8 million MDL banknotes of various denominations, totaling 32 billion 859.7 million lei, were in circulation in Moldova.
National Bank of Moldova profit from the management of foreign exchange reserves in 2020 amounted to $26.4 million with an average rate of return of 0.81%.
National Bank of Moldova profit from the management of foreign exchange reserves in 2020 amounted to $26.4 million with an average rate of return of 0.81%.