About the group
We are distinguished for teamwork, focus on improving the customer experience with an emphasis on service and modern technological innovation, a relationship based on trust and respect and contribution to responsible and efficient operations.
OTP Group, headquartered in Budapest, Hungary is one of the most stable financial groups in the CEE region with outstanding profitability and stable capital and liquidity positions. At present, the banking group provides universal financial services in 11 countries to more than 16.3 million customers, has a network of nearly 1,500 branches and has 38,000 employees. The group’s parent bank, OTP Bank is a public listed company with a diverse international ownership structure.
Integration process is completed in Serbia as well on April 30th, 2021 whereby Vojvodjanska banka a.d. Novi Sad and OTP banka Srbija a.d. Beograd merged and continued its business operations as one bank under the name of OTP banka Srbija a.d. Novi Sad. This successful integration resulted in the creation of one of the leading financial institutions in Serbia in terms of assets, number of branches and the size of the loan and deposit portfolio.
OTP Group is a pioneer in digitalization and has been proactive for 25 years in the field of digital transformation of its operations and implementation of new technologies in the financial market. The strategic orientation to innovations has opened the possibility of working with almost 900 startup companies with 30 pilot projects, while the fourth OTP Startup Partnership Program is underway, which is the most comprehensive innovation program of the Group so far, because all members of the group, including OTP banka Srbija, are looking for startup partners who support their business goals.
The predecessor of OTP Bank, National Savings Bank was established in 1949 as a nation-wide, state-owned, banking entity providing retail deposits and loans. In the ensuing years, its activities and the scope of its authority gradually widened.
In 1990, the National Savings Bank became a public company with a share capital of HUF 23 billion. Its name was changed to National Savings and Commercial Bank. Subsequently, non-banking activities were separated from the bank, along with their supporting organizational units. OTP Bank privatization began in 1995. Currently the bank is characterized by dispersed ownership by mostly private and institutional (financial) investors.
OTP Bank started its international expansion targeting countries in CEE region, which offer great economic growth potentials similar to Hungary. OTP Bank has completed several successful acquisitions in the past years, becoming a key player in the region. OTP Group currently operates in Albania (Banka OTP Albania), Bulgaria (DSK Bank,), Croatia (OTP banka Hrvatska), Romania (OTP Bank Romania), Serbia (OTP banka Srbija), Slovenia (SKB Banka), Ukraine (CJSC OTP Bank), Russia (OAO OTP Bank), Moldova (Mobiasbanca) and Montenegro (Crnogorska komercijalna banka) via its subsidiaries. The banking group holds market leader or near market leader position in Bulgaria, Hungary, Montenegro and Serbia.
The strategic goal of OTP Group is to become the most successful universal banking group in Central and Eastern Europe. The banking group strives to evolve constantly to provide unique, convenient and modern services to both retail and corporate customers that are easier and faster to access and meet the challenges of the digital age and the expectations of its customers.
ABOUT THE GROUP
As we are always attentive to what clients expect from us as their house of finance, experience tells us that a responsible, reliable and solid partner is an everyday necessity.
Therefore, as OTP Group, which ranks among top European banking groups by capital and liquidity, we confidently provide clients conditions for stable business and growth.
Our strategy is based on elements that clients appreciate the most: stability, profitability, growth and innovation. We strive to be better and different in order to contribute to the business success of our clients and of our own. Our transparent team work fosters a relationship based on trust and mutual respect.
Close to 36.000 employees across the region take the credit for OTP Group’s success in retail and corporate businesses. Cutting-edge solutions, information technologies and adjustable product offer, coupled with our human potential, make our Group a true partner. Our 70-year experience and proper understanding of needs and objectives have made us well deserve the 18.5 million clients that we now serve.