OTP Group tops Central and Eastern Europe bank ranking – The Banker
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. 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.
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 €100bn in total assets, while our return on equity is consistently above 20 per cent,’ says Sándor Csányi, chairman and CEO of OTP Group. ‘These achievements are reflected in being named the best bank in four countries and provide a great foundation for the next 75 years of success.’
The activities and results of OTP Group, which serves nearly 17 million customers in 11 countries, have been 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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OTP Bank Moldova, a subsidiary of OTP Group since 2019, is an integrated and universal provider of financial services. With an approach defined by responsibility, commitment and professionalism, OTP Bank understands the needs of customers and the current market context, and is a reliable financial partner in the provision of financial services.
OTP Group is one of the fastest growing banking groups and one of the leaders in the Central and Eastern European region, with an outstanding profitability indicator and a stable capital and liquidity position. With more than 41,000 employees today in 12 countries in the CEE and Central Asia region, the Group provides universal financial services to more than 17.5 million customers and is the market leader in Hungary, Bulgaria, Serbia, Montenegro and Slovenia.
