OTP Bank Plc

Corporate Details

ISIN(s):

HU0000061726

LEI:

529900W3MOO00A18X956

Country:

Hungary

Address:

Nádor utca 16., 1051 Budapest

Website:

https://www.otpbank.hu/portal/en/home

Sector:

Financial and insurance activities

Industry:

Monetary intermediation

Description

Owing to economic and legal considerations, OTP Group provides its universal financial services through several subsidiaries. In Hungary traditional banking operations are performed by the Bank while specialized services, including car leasing, investment funds are developed and offered by the Bank's subsidiaries. Insurance claims of OTP Group clients are supplied by sales of insurance products with strategic collaboration with French insurance company, Groupama, after its OTP Garancia acquisition. After the realisation of its own privatisation process, OTP Bank started its international expansion targeting countries in the 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.