A hundred-percent owner of the bank – Hungarian OTP Bank Plc. – is the largest bank among financial institutions in Hungary, the leader of the Hungarian banking market with a market share of almost 25%.
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), Russia (OAO OTP Bank) 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.
Today international OTP Group as a dominant banking player in Hungary and the Central European region provides high quality financial services for its more than 12.5 million clients in 9 countries through its branches and affiliated companies, ATM and POS network, electronic channels and extensive partner network.