About OTP group
As a dominant player on the banking market of Hungary and Central Europe, OTP Group offers high quality financial services to nearly 14.5 million clients in nine countries.
Since its establishment in 1949, the company grew into a universal financial services provider. 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. As a result of three public offers along with the bank’s shares listing on the Budapest Stock Exchange, the state ownership in the bank decreased to a single voting preference (golden) share. Currently the bank is characterized by dispersed ownership by mostly private and institutional (financial) investors. In recent years, OTP Bank completed several acquisitions, making it a key player in the region. Along with Hungary, OTP Group currently operates in eight countries of the region: Bulgaria (DSK Bank), Croatia (OTP banka Hrvatska, Splitska banka), Romania (OTP Bank Romania), Serbia (OTP banka Srbija, Vojvodjanska banka), Slovakia (OTP Banka Slovensko), Ukraine (OTP Bank JSC), Montenegro (Crnogorska komercijalna banka) and Russia (OAO OTP Bank).
Continued growth and expansion of the bank significantly contributed to successful and effective operations of this banking group which offers services of the highest quality to retail and institutional clients. OTP Group in Serbia comprises Vojvodjanska banka and OTP banka, as well as their connected companies. It is expected that the merger of the two banks will be completed in 2019.