OTP Bank
| OTP Bank | |
|---|---|
 | |
| Type | Public |
| Industry | Banking, Financial services |
| Founded | 1949 |
| Headquarters | , |
Area served | Hungary, Albania, Bulgaria, Croatia, Moldova, Montenegro, Russia, Serbia, Slovenia, Ukraine, Uzbekistan |
| Key people | Sándor Csányi |
| Services | Financial services |
| Website | www |
OTP Bank is the largest commercial bank in Hungary. The OTP Group operates nearly 1,400 branches across Central and Eastern Europe, serving around 16 million customers in eleven countries. The bank has also expanded into Central Asia, specifically Uzbekistan. In addition to Hungary, OTP is a market leader in loan portfolios in four other countries: Bulgaria, Slovenia, Serbia, and Montenegro.
History
OTP Bank was founded in 1949 in Hungary as the National Savings Bank (Országos Takarékpénztár). Initially, it focused on personal savings and basic banking services. In the 1990s, after the fall of communism, the bank transitioned to a private company and became known as OTP Bank. It started expanding internationally, acquiring banks in Central and Eastern Europe.
Foreign subsidiaries
Notes
- ↑ "Kinstellar assists OTP Bank with completing its first acquisition in Central Asia (Detail) - Kinstellar". www.kinstellar.com. 2024-12-31. Retrieved 2024-12-31.
- ↑ "OTP Bank acquires Uzbekistan's Ipoteka Bank". www.otpgroup.info. Retrieved 2024-12-31.
- ↑ István, Bereznay (2023-02-03). "Korányi G. Tamás: Az OTP már az ötödik országban lesz piacvezető". index.hu (in Hungarian). Retrieved 2024-12-31.