OTP Group members have named the Bank of the Year by The Banker in four countries
In Albania, Bulgaria, Hungary and Slovenia OTP Group members have been recognized as the Best Bank’s in their countries at The Banker magazine’s The Bank of the Year 2024 Awards. The OTP Group retains the top spot with $11.3bn in Tier 1 capital in The Banker’s 2024 Top 100 Central and Eastern European (CEE) Banks ranking.
Budapest, December 5, 2024 - The British Banker magazine, part of the Financial Times Group, annually compiles a ranking of the 100 best banks in Central and Eastern Europe, which after 2023 is again led by OTP Group this year, further increasing its lead over the second place. The group won the top spot based on its Tier 1 capital of USD 11.3 billion*, but the jury also examined numerous financial indicators. (* Based on data as of 31 December 2023 Tier 1 capital)
The publication identifies the 100 strongest banks in the region based on audited financial data such as capital-to-asset ratio, return on capital (ROC), return on assets (ROA) and non-performing loan (NPL) to total loans, among others.
The Banker also announced the Bank of the Year Awards this year. OTP Group members received the award for best bank in Albania, Bulgaria, Hungary and Slovenia. The winners are selected by the jury based on balance sheet data, strategic initiatives, technology, new products and services, and sustainability efforts.
‘The 75-year-old OTP Group has surpassed EUR 100 billion in total assets, while our ROE is consistently above 20% and we are the 4th most stable bank in Europe. These achievements are reflected in being voted the best bank in 4 countries and provide a great foundation for the next 75 years of success.’ says Sándor Csányi, chairman and CEO of OTP Bank
The activities and results of OTP Group, which serves nearly 17 million customers in 11 countries, have been also recognised this year by S&P Global Market Intelligence, which ranked the Group as the best performing among of Europe’s 50 largest publicly traded banks. (More info: link)
OTP Bank and its subsidiary banks will continue to strengthen cooperation across the group to make everyday banking faster and easier for customers in an ever-changing environment.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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