About OTP Bank
OTP Bank is a company based in Budapest (Hungary) founded in 1949. It operates as a Professional Services, and Subscription Services. The company has 40,320 employees as of December 31, 2024. OTP Bank has completed 8 acquisitions, including Alpha Bank, Findomestic Banka and Ipoteka Bank. OTP Bank offers products and services including Lakáshitel, Személyi Kölcsön, and Bankszámla. OTP Bank operates in a competitive market with competitors including UniCredit, Scotiabank, K&H Group, MKB Bank and Erste Bank Hungary, among others.
- Headquarter Budapest, Hungary
- Employees 40320 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Otp Bank Nyrt
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Annual Revenue
$10.81 B (USD)0as on Dec 31, 2024
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Net Profit
$2.7 B (USD)0as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
40320
as on Dec 31, 2024
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Investments & Acquisitions
Alpha Bank
& 7 more
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IPO & Listings of OTP Bank
OTP Bank is a publicly listed company on the BET with ticker symbol OTP in Hungary, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of OTP Bank
OTP Bank offers a comprehensive portfolio of products and services, including Lakáshitel, Személyi Kölcsön, and Bankszámla. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Housing loans are provided for property purchases.
Personal loans are offered for individual needs.
Bank accounts are managed for daily transactions.
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Funding Insights of OTP Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by OTP Bank
OTP Bank has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Alpha Bank, Findomestic Banka and Ipoteka Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hotel bookings are enabled for travelers via an online platform.
|
2009 | ||||
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Commercial banking services are provided in Serbia.
|
2006 | ||||
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Commercial bank
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OTP Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otp Bank Comparisons
Competitors of OTP Bank
OTP Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UniCredit, Scotiabank, K&H Group, MKB Bank and Erste Bank Hungary, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Hungary by K&H Group.
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| domain | founded_year | HQ Location |
Operates as a commercial bank providing deposits, loans, and payment services to customers.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Otp Bank
Frequently Asked Questions about OTP Bank
When was OTP Bank founded?
OTP Bank was founded in 1949.
Where is OTP Bank located?
OTP Bank is headquartered in Budapest, Hungary.
Who is the current CEO of OTP Bank?
Sandor Csanyi is the current CEO of OTP Bank.
How many employees does OTP Bank have?
As of Dec 31, 2024, the latest employee count at OTP Bank is 40,320.
What is the annual revenue of OTP Bank?
Annual revenue of OTP Bank is $10.81B as on Dec 31, 2024.
What does OTP Bank do?
OTP Bank is involved in offering a wide range of financial services, including retail banking, loans, savings accounts, and insurance products. Operations are conducted primarily in Hungary, with a focus on housing loans, personal loans, and bank accounts for various customer segments. Digital banking solutions are also provided to enhance customer experience. The bank serves both individual and premium clients across multiple financial sectors.
Who are the top competitors of OTP Bank?
OTP Bank's top competitors include Scotiabank, UniCredit and K&H Group.
What products or services does OTP Bank offer?
OTP Bank offers Lakáshitel, Személyi Kölcsön, and Bankszámla.
Is OTP Bank publicly traded?
Yes, OTP Bank is publicly traded on BET under the ticker symbol OTP.
How many acquisitions has OTP Bank made?
OTP Bank has made 8 acquisitions, including Alpha Bank, Findomestic Banka, and Ipoteka Bank.
What is OTP Bank's ticker symbol?
The ticker symbol of OTP Bank is OTP on BET.