OTP Bank Nyrt (Hungary)

Address

Nádor utca 16., 1051, Budapest 05. ker., Hungary

BIC

OTPVHUHBXXX

Overview

Business Focus

universal banking

OTP Bank's predecessor, called the National Savings Bank (OTP Bank) was established in 1949 as a nation-wide, state-owned, banking entity providing retail deposits and loans. OTP Bank gradually expanded its activities and currently OTP Bank operates as a universal bank, providing a full range of retail, private and corporate banking products and services to private individuals and corporate customers.

Performance

In 2022, OTP Bank Nyrt achieved the position of 1st largest bank in Hungary with a market share of 24.78%; its total assets grew by 20.82%.

Additionally, the bank became the 27th profitable bank in relation to its total assets showcasing 0.04% return on assets and 0.38% return on equity in 2022.

Deposit Protection

Deposits up to 100,000 EUR are covered by Hungarian deposit guarantee scheme in OTP Bank Nyrt.

Market Share (#1 in Hungary)

Ratios

RoA

0.04%

RoE

0.38%

Services

retail banking

private banking

corporate banking

Area Served

Hungary

Products

current accounts

basic payment accounts

debit cards

savings accounts

consumer loans

mortgage loans

trading accounts

mutual funds

Account Currencies

HUF (Hungarian forint)

EUR (Euro)

USD (US dollar)

CHF (Swiss franc)

CAD (Canadian dollar)

GBP (Pound sterling)

SEK (Swedish krona/kronor)

BGN (Bulgarian lev)

JPY (Japanese yen)

CZK (Czech koruna)

NOK (Norwegian krone)

PLN (Polish złoty)

TRY (Turkish lira)

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

OTP Bank Nyrt delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Common Shares

Listed Entity

OTP Bank Nyrt.

ISIN

HU0000061726

Stock Exchange

Budapest Stock Exchange (XBUD)

Ticker

OTP

Financials

Total Assets (2022)

16,565.53 bln HUF (+20.82%)

Net Income (2022)

6,631.57 mln HUF (-94.71%)

OTP Bank Nyrt is the 1st largest bank in Hungary in terms of total assets. In 2022 its total assets were 16 565,53 bln HUF, providing the bank with the market share of 24.78%. In 2022 the bank's net income was 6 631,57 mln HUF.

Credit Ratings

Fitch: -

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: Baa1

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

OTP Bank Nyrt is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).

Deposit Guarantee

Guarantee Fund

National Deposit Insurance Fund (NDIF)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Hungarian and foreign)
legal entities

Covered Accounts

current accounts
savings accounts
time deposit accounts

OTP Bank Nyrt participates in the deposit guarantee scheme of Hungary which applies to current accounts, savings accounts, time deposit accounts made by natural persons (Hungarian and foreign), legal entities and covers up to up to 100,000 EUR per bank per depositor. OTP Bank Nyrt is a member of National Deposit Insurance Fund (NDIF) and makes its contributions into it.