OTP Group is one of the fastest growing, leading independent and universal banking groups in CEE region. With nearly 40,000 employees in now 11 countries of the CEE and Central Asian region, the Group provides universal financial services to 17 million customers.
OTP Group is headquartered in Hungary. OTP Bank has been listed on the Budapest Stock Exchange since 1995, and has very diversified and transparent ownership without strategic investors and any state ownership. The ownership structure demonstrates that OTP Bank is an independent company,
For more please visit: OTP Group website
History
More than 75-year-old roots
The predecessor of OTP Bank, the National Savings Bank, was established in 1949 in Hungary. Since 1989, the bank has operated as a multi-functional commercial bank, and in 1990 the National Savings Bank became a public company with a share capital of HUF 23 billion and changed its name to OTP Bank. Mr. Sándor Csányi has been the Chairman since 1992. He is the longest-serving chairman in the European banking sector.
Privatisation nearly 30 years ago, diversified ownership structure
OTP Bank’s privatisation began in 1995, and the bank is currently characterised by dispersed ownership of mostly private and institutional (financial) investors. In the 90s OTP built the foundations of a modern banking infrastructure, while keeping its leading position and experiencing exceptional growth in Hungary.
International expansion since the early 2000s
In 2001, after the realisation of its own privatisation process, OTP Bank, as the only bank in the region, started its international expansion – targeting countries in the CEE region, which offer great economic growth potentials similar to Hungary.
As the most active consolidator in the banking
sector of the CEE region, the Group has successfully acquired and integrated
25 banks since the early 2000s, becoming a key player in the region.
Entering Uzbekistan as the first Central Asian
banking market opens a new chapter in OTP Group’s history. The reforms
commenced in Uzbekistan offer an excellent opportunity for OTP Group to
contribute to the dynamic development of the Bank and the Uzbek economy,
through an extended network of branches and high-quality digital services.
Our ambitions aim higher: we are building the next 75 years
The strategic goal of OTP Group is to become the
most successful universal banking group in Central and Eastern Europe. We
believe in the future of the region and will actively contribute to its
development.
Our expansion strategy combines organic growth and
strategic acquisitions that allow OTP Group to achieve optimal operational size
everywhere the Group is present.
Therefore, OTP Group is constantly looking for growth opportunities through further acquisitions, aiming at market leadership in each country it enters.