The Bank's Management Board plans to improve the performance and efficiency of the Bank by reformulating its strategy, reorganising its structure, and reducing costs across all business segments. The planning of the business policy and the financial plan was based on the starting-points that were supported mainly by the autumn forecasts of the Institute of Macroeconomic Analysis and Development. Considering the generally negative outlook for 2013, the Management Board forecast that the total assets of OTP banka will reach €4.3 billion by the end of 2013, about 2.0 percent less than at the end of 2012, while the total assets of the OTP banka Group are projected to reach €5.3 billion, down 1.7 percent on 2012. Administration costs, including depreciation and amortisation, are expected to decrease by 7.5%. The number of staff will be further reduced at all levels, mainly by implementing the so-called soft measures and by streamlining business processes.
»The last few months have been both challenging and successful for the Bank, our customers, employees, and shareholders. Improvement of the Bank’s capital position, which is a result of dedicated and professional work of a team of banking and other financial experts, sends a positive signal to our stakeholders and forms a solid basis for our further development. Over the coming financial year, we will continue implementing business models that will enhance the stability of the Bank, strengthen confidence in our operations, and create value-added for all our stakeholders« said Aleš Hauc, President of OTP banka’s Management Board.
The drafting of a new strategy of the Bank and the Group for the period 2013 to 2016 is almost completed. In accordance with the revised key strategic directions, the Bank will continue providing universal banking services to retail and corporate customers. Based on a careful analysis of its performance, the Bank will restructure or withdraw from businesses that are not regarded as strategic ones. It will focus even more on its customers, and will develop new products and services and upgrade the existing ones. A great deal of attention will be given to active management of the loan portfolio in order to promptly identify and address any increase in risk and adopt measures to reduce the volume of bad loans.
»The Supervisory Board monitors carefully the operations of the Bank and makes decisions in a professional manner and to the best interest of the Bank and its shareholders. The 2013 Business Policy and Financial Plan, to which the Supervisory Board consented, reflects realistic views of the Bank’s management, taking into account the present macroeconomic forecasts. Among the most important objectives we have set for the next year are the improvement of the Bank's performance and strengthening its reputation by making right business decisions and delivering good results« pointed out Peter Kukovica, Chairman of OTP banka’s Supervisory Board, upon the presentation of the business policy and the financial plan.
