About OTP Bank
OTP Bank is a company based in Bucharest (Romania) founded in 2004 was acquired by Banca Transilvania in February 2024.. OTP Bank offers products and services including Banking Services and Online Banking. OTP Bank operates in a competitive market with competitors including Banca Transilvania, UniCredit, Scotiabank, BCR and CEC Bank, among others.
- Headquarter Bucharest, Romania
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Banca Transilvania
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Banca Transilvania
(Feb 09, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of OTP Bank
OTP Bank offers a comprehensive portfolio of products and services, including Banking Services and Online Banking. 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.
Provides financial solutions for entrepreneurs and individuals
Offers access to new products via website for customers
Unlock access to complete
Funding Insights of OTP Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OTP Bank
OTP Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Banca Transilvania. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Retail and corporate banking services are provided in Romania.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by OTP Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - OTP Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Banca Transilvania, UniCredit, Scotiabank, BCR and CEC Bank, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Retail and corporate banking services are provided in Romania.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Retail banking services are provided by BCR in Romania.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided across Romania by CEC Bank.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered digitally in Romania.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Otp Bank
Frequently Asked Questions about OTP Bank
When was OTP Bank founded?
OTP Bank was founded in 2004.
Where is OTP Bank located?
OTP Bank is headquartered in Bucharest, Romania.
What does OTP Bank do?
OTP Bank was established in 2004 in Bucharest, Romania, within the retail banking sector. Internet banking operations are facilitated for individual customers, enabling online payments in lei or foreign currency to accounts at any Romanian bank. Services such as account oversight, ATM and branch locators, and exchange rate information are made available through the platform, supporting daily financial transactions across the country.
Who are the top competitors of OTP Bank?
OTP Bank's top competitors include Banca Transilvania, Scotiabank and UniCredit.
What products or services does OTP Bank offer?
OTP Bank offers Banking Services and Online Banking.
Who are OTP Bank's investors?
OTP Bank has 1 investor. Key investors include Banca Transilvania.