OTP Group as a dominant banking player in Hungary and the Central and Eastern European region provides high quality financial services for its more than 18,5 million private and corporate clients in nine countries through its almost 1500 branches, over 4000 ATMs, internet and electronic channels.
Since its 1949 founding, the company has developed to a universal financial service provider banking group.
In 1990, the National Savings Bank became a public company with a share capital of HUF 23 billion. Its name was changed to the National Savings and Commercial Bank. Subsequently, non-banking activities were separated from the bank, along with their supporting organizational units.
OTP Bank's privatization began in 1995. As a result of 3 public offers along with the introduction of the bank's shares into the Budapest Stock Exchange. Currently the bank is characterized by dispersed ownership of private and institutional (financial) investors.
The privatization of OTP Bank began in 1995 as a result of three public offers along with an offer of the bank's shares listed on the Budapest Stock Exchange. The bank is currently owned by private and institutional (financial) investors.
OTP Bank has completed several successful acquisitions in the recent years, becoming a key player in the region. In addition to Hungary, the OTP Group currently operates in 10 countries in the region through its subsidiaries: in Albania (OTP Bank Albania), Bulgaria (DSK Bank, Expressbank), Croatia (OTP banka Hrvatska), Moldova (Mobiasbank OTP), Romania (OTP Bank Romania), Serbia (Vojvodjanska banka and OTP banka), Slovenia (SKB banka), Ukraine (CJSC OTP Bank), Montenegro (Crnogorska komercijalna banka) and Russia (OAO OTP Bank).
The continued development and expansion of OTP Bank have significantly contributed to the successful and efficient operation of the banking group, which can provide high quality services for both the retail and the institutional clients. Despite the intense competition OTP Bank market position is stable in several segments, as well as in terms of profitability and stability the bank belongs to the European frontline.