Our history
JOINT-STOCK COMPANY OTP BANK is one of the largest domestic banks, the recognized leader of Ukraine's financial sector. Represented in the Ukrainian market since 1998, OTP Bank enjoys sound reputation for being socially responsible, reliable and sustainable financial institution providing its consumers with services of European quality standards.
The international group OTP Group celebrated its 75th anniversary in March 2024. Over the past decades, OTP Group has included 25 banking groups that currently serve 17 million clients. The group owns assets totaling EUR 100 billion.
In 2023, according to the results of the stress test at the level of the European Union, OTP Group became the fourth most stable credit institution in the EU.
Key moments in the history of the bank
Raiffeisenbank Ukraine was founded as a bank with 100% foreign capital
The bank entered Top-10 of the largest banks of Ukraine
OTP Bank Plc., leader of the Hungarian banking market with market share of almost 25%, became a hundred-percent owner of the bank. The bank was renamed to OTP Bank (OTP BANK JSC)
Except Hungary, OTP Bank Plc. operates through its subsidiary banks in 11 countries. OTP Group provides high quality financial solutions to meet the needs of customers through almost 1500 branches
Nowadays, OTP BANK JSC is captaining OTP financial group in Ukraine, which includes Asset Management Company OTP Capital LLC and OTP Leasing LLC.
All OTP Group companies have been showing outstanding performance taking the leading positions in their segments.
Our Shareholder
1949 – OTP Bank Plc. was founded in Hungary as the state-owned National Savings Bank, which started its activity with retail deposits and loans, gradually enriching the range of services, expanding customer base and increasing its market share.
1990 – National Savings Bank became a public company with a share capital of HUF 23 billion. Its name was changed to the National Savings and Commercial Bank branded as OTP Bank Plc.
1995 – OTP Bank's privatization began. As a result the state's ownership in the bank decreased to a single voting preference (golden) share (which later, in 1997, under the laws of Hungary, was transferred into ordinary shares). Currently the bank is characterized by dispersed ownership of mostly private and institutional (financial) investors.
After privatization process was completed, OTP Bank started its international expansion with several successful acquisitions in the banking markets of CEE countries, namely:
2001 – first successful acquisition of a subsidiary bank in Slovakia – OTP Banka Slovensko;
2003 – a subsidiary bank in Bulgaria – DSK Bank;
2004 – a subsidiary bank in Romania – OTP Bank Romania;
2005 – a subsidiary bank in Croatia – OTP banka Hrvatska;
2006 – successful acquisitions of subsidiaries in Serbia (OTP banka Srbija), Montenegro (Crnogorska komercijalna banka) and Ukraine (JSC OTP Bank).
2006 – in Ukraine, OTP Bank Plc. purchased one of the leaders of the Ukrainian financial sector – Raiffeisenbank Ukraine, founded in 1998 as a bank with 100% foreign capital. At the time of acquisition the bank served above 100,000 clients, providing a full range of banking services to corporate and private clients, as well as to small and medium businesses. After the deal closing in November 2006, OTP Bank Plc. became a hundred-percent owner of Raiffeisenbank Ukraine and the bank was renamed to OTP Bank JSC respectively.
2008 – This was the first time in its history that OTP Bank sold one of its subsidiaries. The France-based Groupama S.A. acquired its insurance business line, and as part of the transaction, they resolved to collaborate on strategic points and cross-sell their financial and insurance products.
2014 – OTP Bank acquired another bank in Croatia (Banco Poplare Croatia) and another in Romania (Banca Millenium).
2016 – OTP Bank purchased AXA Bank Europe S.A.’s Hungarian business unit.
2017 – OTP Group increased its market share in Serbia with the acquisition of Vojvodjanska Banka.
2018 – OTP Group was strengthened by the acquisition of Bulgarian Expressbank and Société Generale’s units in Albania and Serbia. The acquisition in Albania also meant that OTP Group entered the Albanian market for the first time.
2018 – OTP Group was named Best Bank in Central and Eastern Europe by Euromoney.
2019 – OTP Group expanded its presence to two more countries: with the acquisition of Mobiasbanca - the Moldovan subsidiary of Société Générale Group -, and SKB Banca in Slovenia. Later that year, OTP Bank also acquired another bank in Montenegro, Société Generale’s Banka Montenegro
2020 – OTP Bank sold its Slovakian subsidiary, OTP Banka Slovensko.
2020 – Euromoney gave Best Bank awards to three members of OTP Group: Albania, Hungary and Montenegro. The Banker gave the Bank of the Year award to OTP Group members in both Bulgaria and Slovenia.
2020 – OTP Bank Ukraine won first place in the Best Retail Bank Ukraine 2020 nomination in The Global Banking & Finance Awards rating from the leading international publication Global Banking & Finance Review.
2021 – OTP Group was named Best Bank in Central and Eastern Europe by Euromoney, while Group Members won the Best Bank Awards in Albania, Bulgaria, Hungary and Montenegro. The subsidiary banks in Montenegro and Slovenia won Global Finanace Best Bank Awards.
2021 – OTP Bank Ukraine received an award in the category "Corporate awards" — "The best bank for farmers in Ukraine" from the Global Banking and Finance Awards — 2021. OTP Bank also received an award in the "Retail Banking Awards" category — "Best Retail Bank in Ukraine" from Global Banking and Finance Review-2021.
2022 – OTP Group increased market share in Albania up to 11%. The customer loan portfolio increased by one and a half times.
2023 – Global Finance has named the world’s best banks for 2023 for the 30th time. OTP Bank won the title of the best bank in Central and Eastern Europe. In addition, OTP Bank was named the best bank for liquidity management of the region and the best investment bank.
2023 – Transaction closed: OTP Bank entered the Central Asian region by acquiring Uzbekistan’s Ipoteka Bank.
2024 – OTP Group members have been recognised as: The Best Bank in Central and Eastern Europe for 2024; The Best Bank in Hungary for 2024, The Best Bank in Croatia for 2024; The Best Bank in Montenegro for 2024 (CKB); The Best Bank in Slovenia for 2024 (Nova KBM).
2024 – OTP Bank turns 75 years old. The predecessor of OTP Bank, called National Savings Bank (OTP Bank), was established in Hungary in 1949.
Today international OTP Group as a dominant banking player in Hungary and the Central European region provides high quality financial services for clients in 12 countries through its branches and affiliated companies, ATM and POS network, electronic channels and extensive partner network.
