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OTP Bank
OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe, with banking services for private individuals and corporate clients. The OTP Group comprises subsidiaries in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. Besides Hungary, OTP Group operates in 11 countries of the region via its subsidiaries: in Albania (Banka OTP Albania SHA), in Bulgaria (DSK Bank), in Croatia (OTP banka d.d.), in Romania (OTP Bank Romania), in Serbia (OTP Banka Srbija), in Slovenia (Nova KBM d.d. and SKB d.d., OTP banka d.d. after merger in 2024), in Ukraine (OTP Bank JSC), in Moldova (OTP Bank S.A.), in Montenegro (Crnogorska komercijalna banka), in Russia (OAO OTP Bank), and in Uzbekistan (JSCMB Ipoteka Bank). OTP Group had more than 36,000 employees, 13 million clients, and over 1,500 branches. OTP is the largest commercial bank in Hungary with ove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MKB Bank
MKB Bank, initially Magyar Külkereskedelmi Bank (), was a Hungarian state-owned bank founded in 1950. It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takarékbank to form Magyar Bank Holding, branded MBH Bank, thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023. History MKB was created in 1950 within the communist-era single-tier banking system, in which it was one of the country's four main financial institutions alongside the Hungarian National Bank, the Hungarian Investment Bank (renamed the State Bank for Development in 1972 and liquidated in 1987), and the Hungarian National Savings Bank Company. It took over assets and operations, among others, from the former Hungarian Commercial Bank of Pest. The purpose of its establishment was to participate in the international monetary system and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian National Bank
The Hungarian National Bank ( , MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself the Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression ''the central bank of Hungary''. The bank doesn't call itself the ''Hungarian National Bank'' in English. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lazard
Lazard Inc. (formerly known as Lazard Ltd and Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London. Lazard was founded in 1848 and operates from 41 cities across 26 countries in North America, Europe, Asia, Australia, and Central and South America. The firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. History Early years On July 12, 1848, three French brothers, Alexandre Lazard, Lazare Lazard, and Simon Lazard, founded Lazard Frères & Co. as a dry goods merchant store in New Orleans, Louisiana. By 1851, Simon and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupama
Groupama, an abbreviation for Groupe des Assurances Mutuelles Agricoles (), is a French insurance group headquartered in Paris with operations in 10 countries. It is listed in the 2007 ICA Global 300 list of mutuals and cooperatives, ranked 6th by 2005 turnover, making it the 2nd largest mutual insurer in the world. History The predecessor of Groupama was founded in the 19th century by a group of farmers to address their own specific insurance needs. It was set up as a mutual organisation and focused on agricultural as well as individuals, professionals, local authorities and businesses. Groupama was established on December 22, 1840, when farmers in Mions (Rhône) founded the first local agricultural mutual fire insurer. The legal framework for Agricultural Mutual Insurance Funds was defined by a law passed on July 4, 1900. A central fund for agricultural reinsurance was created for "Fire" in 1906 and for "Livestock" in 1908. In 1963, Samda was established to provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MOL Group
MOL Plc. (), also known as MOL Group, is a Hungarian Multinational corporation, multinational petroleum, oil and natural gas, gas company headquartered in Budapest, Hungary. Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA d.d., INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013. As of October 2021, the largest shareholder is the Mol New Europe Foundation with 10.49% ahead of Maecenas Universitatis Corvini Foundation and Mathias Corvinus Collegium Foundation, both with 10%, OmanOil Budapest with 7.14% and OTP and ING Bank with 4.9% and 4.48% respectively. Nearly 45% of shares are Public float, free floated. MOL is active in Hydrocarbon exploration, exploration and Extraction of petroleum, product ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Float
In the context of stock markets, the public float or free float represents the portion of Share (finance), shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest investors, or governments. This number is sometimes seen as a better way of calculating market capitalization, because it provides a more accurate reflection (than entire market capitalization) of what public investors consider the company to be worth. In this context, the ''float'' may refer to all the shares outstanding that can be publicly traded. Calculating public float The float is calculated by subtracting the locked-in shares from outstanding shares. For example, a company may have 10 million outstanding shares, with 3 million of them in a locked-in position; this company's float would be 7 million (multiplied by the share price). Stocks with smaller floats tend to be more Volatility (finance), volatile than those ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OTP Banka Srbija
OTP Banka Srbija (full legal name: OTP Banka Srbija a.d. Novi Sad), formerly known as Vojvođanska banka, is a bank operating in Serbia, with its headquarters in Novi Sad. It is a member of Hungarian OTP Bank Group. History The Hungarian OTP Bank Group entered the Serbian banking market under the name "OTP banka Srbija" on 21 May 2007, being formed through the merger of three Serbian banks: Niška Banka a.d. Niš, Zepter banka a.d. Beograd and Kulska banka a.d. Novi Sad. In December 2017, OTP Bank bought 100% of shares of Vojvođanska banka from the National Bank of Greece, thus was becoming the sixth-largest commercial bank in Serbia with banking market share of 6%. In May 2019, the process of integration of OTP banka Srbija and Vojvođanska banka was finalized, and OTP Bank as majority owner decided to operate under name "Vojvođanska banka" on Serbian market. As of 2019, Vojvođanska banka is among the top ten largest banks in Serbia by asset size. With the fourth-largest ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgaria
Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey to the south, Serbia and North Macedonia to the west, and Romania to the north. It covers a territory of and is the tenth largest within the European Union and the List of European countries by area, sixteenth-largest country in Europe by area. Sofia is the nation's capital and List of cities and towns in Bulgaria, largest city; other major cities include Burgas, Plovdiv, and Varna, Bulgaria, Varna. One of the earliest societies in the lands of modern-day Bulgaria was the Karanovo culture (6,500 BC). In the 6th to 3rd century BC, the region was a battleground for ancient Thracians, Persians, Celts and Ancient Macedonians, Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, trib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
