OTP Bank Rt.

 
Founded in 1949 as The National Savings Bank, OTP was a nation-wide, state-owned, banking entity providing retail deposits and loans. Since 1989, the bank has operated as a multi-functional commercial bank. In addition to continuing its previous retail and municipal activities, the bank has been authorised to solicit corporate loan accounts and deposits, and to provide commercial loans and banking services for correspondent banking and export-import transactions. In 1990, the National Savings Bank became a public company.
 
The company operates a network consisting of 440 branches and more than 1,100 automated teller machines. The bank plays a leading role in the local government sector, with 77.1 percent of local governments having their accounts at OTP. The securities business branch is integrated within Bank.
 
Out of the OTP?s strategically important domestic subsidiaries OTP Mortgage bank is the largest Hungarian mortgage loan institution and OTP?s insurance company, OTP Garancia, is the fourth on the domestic life insurance market.
 
Abroad, the main interests include OTP Banka Slovensko (member of the OTP Group since April 2002), the major Bulgarian retail bank DSK Bank EAD purchased in 2003, Banca Comerciala RoBank (as of July 2005, OTP Bank Romania) and Nova Banka d.d. purchased also in 2005 (as of September 2005, OTP Banka d.d.).
 
OTP has been quoted at Budapest Stock Exchange since August 10, 1995.
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