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HATC SAMPLE EDITION:
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15th October, 2025
OTP shares unfazed by big donation
The OTP share price was apparently unaffected by the news that the lender will contribute Ft 20 billion to the renovation of the Grassalkovics Castle in Gödöllő, Világgazdaság reports.
The payment is scheduled for 2026, but will be booked for the fourth quarter of this year, the website writes.
As OTP can reduce its tax base by 20% as a contribution to a public-interest foundation, the financial impact will be Ft 17.8 billion.
According to Erste Bank, the donation will have a “negligible” impact on OTP’s books. The bank reported a record Ft 330 billion in after-tax profit for the second quarter and looks set to repeat last year’s performance, when its net profit exceeded Ft 1 trillion.
On Monday, Prime Minister Viktor Orbán announced a joint project between the government and OTP to restore the Gödöllő palace, with a total investment of Ft 40 billion, funded equally by the two parties.
OTP shares finished trading at Ft 30,150 on Tuesday, up 0,2% after rising 1.8% on Monday after the announcement.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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