OTP Bank
 |
|
| Public | |
| Traded as | : OTP Euronext: OTP BUX Component CETOP20 Component |
| Industry | Banking, Financial services |
| Founded | 1949 |
| Headquarters | Budapest, Hungary |
|
Area served
|
Central and Eastern Europe |
|
Key people
|
Sándor Csányi (Chairman & CEO) |
| 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 645.465 billion (2012) |
|
HUF 145.674 billion (2012) |
|
|
HUF 122.586 billion (2012) |
|
| Total assets |
 HUF 10133.4 billion (2012) |
| Total equity |
HUF 1514.55 billion (2012) |
|
Number of employees
|
36,366 (2012) |
| Subsidiaries | OTP banka Srbija, DSK Bank, Crnogorska banka, see full list in OTP Group section |
| Website | otpbank |
OTP Bank Group is one of the largest independent financial services providers in Central and Eastern Europe with full range of banking services for private individuals and corporate clients. OTP Group comprise large subsidiaries, granting services in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. The bank is serving clients in 9 countries, namely Hungary, Slovakia, Bulgaria, Serbia, Romania, Croatia, Ukraine, Montenegro and Russia.
Nowadays OTP Groups' more than 36,000 employees are serving 13 million clients in over 1,500 branches and through electronic channels on all the markets of the bank. OTP is still the largest commercial bank in Hungary with over 25% market share.
OTP Group started its activity in 1949 when OTP Bank was founded as a state savings and commercial bank. OTP stands for Országos Takarék Pénztár (National Savings Bank) which indicates the origin purpose of establishment of the bank. The bank went public in 1995, and the share of the state in the bank capital decreased to one preferential gold share, which also eliminated shortly thereafter. Currently most of the banks' shares are owned by private and institutional investors, which ensures stable ownership structure of the company. OTP has a high free float shareholder structure, the free float ratio reaches the 68,61%. The rest is held by one of the Forbes billionaire Megdet Rahimkulov in 8,88%, Hungarian MOL Group in 8,57%, French Groupama in 8,30% and American Lazard in 5,64%.
The predecessor of OTP Bank, called the National Savings Bank (OTP Bank) was established in 1949 as a nationwide, state-owned, banking entity providing retail deposits and loans. In the ensuing years, its activities and the scope of its authority gradually widened. First, it was authorised to enter into real estate transactions. Later, its role was extended to provide domestic foreign currency accounts and foreign exchange services; there was a subsequent diversification into providing banking services for Hungarian municipalities.
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Wikipedia