OTP Bank
OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe and with banking services for private individuals and corporate clients. The OTP Group comprises subsidiaries in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. Besides Hungary, OTP Group operates in 10 countries of the region via its subsidiaries: in Albania (Banka OTP Albania SHA), in Bulgaria (DSK Bank), in Croatia (OTP banka Hrvatska), in Romania (OTP Bank Romania), in Serbia (OTP Banka Srbija), in Slovenia (Nova KBM d.d. and SKB d.d.), in Ukraine (OTP Bank JSC), in Moldova (OTP Bank S.A.), in Montenegro (Crnogorska komercijalna banka) and in Russia (OAO OTP Bank).
OTP head office in Budapest, Nádor utca 21 (erected 1910 for the Ugriai-Nasici Fabank timber company) | |
| Company type | Public |
|---|---|
| BPSE: OTP BUX Component CETOP20 Component | |
| Industry | Banking, Financial services |
| Founded | 1 March 1949 |
| Headquarters | , |
Area served | Central and Eastern Europe |
Key people |
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| Products | Consumer banking, corporate banking, credit cards, finance and insurance, foreign currency exchange, investment banking, mortgage loans, private banking, private equity, wealth management |
| Revenue | HUF 624.7 billion (2018) |
| HUF 352.2 billion (2018) | |
| HUF 318.3 billion (2018) | |
| Total assets | HUF 14,590.3 billion (2018) |
| Total equity | HUF 1,826.7 billion (2018) |
Number of employees | 41,128 (2018) |
| Subsidiaries | DSK Bank, Crnogorska Komercijalna banka, see full list in OTP Group section |
| Website | otpbank.com |
As of 2018, OTP Group had more than 36,000 employees, 13 million clients, and over 1,500 branches. OTP is the largest commercial bank in Hungary with over 25% market share.
OTP stands for Országos Takarék Pénztár (lit. 'Nationwide Savings Bank'), which indicates the original purpose of establishment of the bank. OTP went public in 1995 and has a high free float shareholder structure, with a free float ratio of 68.61%. The rest are held by Megdet Rahimkulov at 8.88%, Hungarian MOL Group at 8.57%, French Groupama at 8.3% and American Lazard at 5.64%.