Public Joint Stock Company OTP Bank is one of the largest domestic banks, a recognized leader of the financial sector of Ukraine. In the Ukrainian market it has been presented since 1998, has a strong reputation for a socially responsible, reliable and stable structure that offers consumers services of European quality.
1998 March - Raiffeisenbank Ukraine was founded as a bank with 100% foreign capital.
2001 - the bank became one of the 10 largest banks in Ukraine.
2006 - OTP Bank Plc., The leader of the Hungarian banking market, whose market share in Hungary is 25%, became an absolute owner of the bank. The bank was renamed OTP Bank (OTP Bank JSC).
In addition to Hungary, OTP Bank Plc. is present in eight other CEE countries (Ukraine, Slovakia, Bulgaria, Romania, Croatia, Serbia, Russia and Montenegro), providing the needs of almost 12 million customers that are serviced in more than 1,500 banking institutions.
At present, OTP Bank JSC is the core of a financial group, which includes OTP group companies in Ukraine: asset management company OTP Capital and leasing company OTP Leasing LLC.
All listed companies conduct successful business, taking leading positions in their segments
The wholly owned bank is Hungarian OTP Bank Plc. - the largest bank among Hungarian financial institutions, the leader of the Hungarian banking market with a market share of almost 25%.
History
1949 - OTP Bank Plc was founded in Hungary. as the National Savings Bank, which began operations on lending and deposits, gradually replenishing its services, expanding its client base and increasing its market share.
1990 - The State Savings Bank was transformed into a Public Joint Stock Company with a share capital of 23 billion Hungarian forints, and the institution was renamed the National Savings and Commercial Bank with the brand name OTP Bank Plc.
1995 - the process of privatization of the bank began, as a result of which the state's share in the bank's capital decreased to one preferred ("golden") share (which in 1997, according to the legislation of Hungary, was transferred to the category of ordinary shares), and shareholders of OTP Bank Plc . private and institutional investors. After the privatization, OTP Bank launched an active international expansion, which made a number of successful acquisitions in the banking markets of Central and Eastern Europe, in particular:
2001 - the first successful acquisition of a subsidiary bank in Slovakia - OTP Banka Slovensko;
2003 - a bank was acquired in Bulgaria - DSK Bank;
2004 - the bank in Romania was acquired - OTP Bank Romania;
2005 - a bank in Croatia - OTP banka Hrvatska;
2006 - successful operations to acquire subsidiaries in Serbia (OTP banka Srbija), Montenegro (Crnogorska komercijalna banka), Russia (OJSC OTP Bank) and Ukraine (OTP Bank JSC).
2006 - in Ukraine OTP Bank Plc. acquired one of the leaders of the domestic financial sector - JSCB Raiffeisenbank Ukraine. At the time of acquisition, the bank served more than 100 thousand customers, providing a full range of banking services to corporate and private customers, as well as representatives of small and medium-sized businesses. After the completion of the acquisition in November 2006, OTP Bank Plc. became a 100% owner of Raiffeisenbank Ukraine, which, accordingly, was renamed OTP Bank (OTP Bank JSC).
To date, the international group OTR Group, as a key player in the market of Hungary and Central and Eastern Europe, offers high-quality financial solutions to meet the needs of more than 12.5 million customers in 9 countries that are serviced through bank branches and branches of subsidiaries, ATMs and points sales, a developed partner network and electronic banking.
