# OTP Bank > Hungarian commercial bank **Wikidata**: [Q912778](https://www.wikidata.org/wiki/Q912778) **Wikipedia**: [English](https://en.wikipedia.org/wiki/OTP_Bank) **Source**: https://4ort.xyz/entity/otp-bank ## Summary OTP Bank is a Hungarian commercial bank founded in 1949, originally established as the National Savings Bank of Hungary. It operates as a financial intermediary and credit institution, providing core banking services including deposit-taking and lending. The bank is a key player in Hungary's financial sector and has subsidiaries in Moldova, Russia, Ukraine, and Croatia. ## Key Facts - **Founded**: March 1, 1949, as the National Savings Bank of Hungary (Országos Takarékpénztár). - **Legal Name**: OTP Bank Nyrt. (OTP Bank Public Limited Company). - **Headquarters**: Budapest, Hungary. - **Industry**: Banking and financial services. - **Stock Exchange**: Listed on the Budapest Stock Exchange (BSE). - **Ownership**: Owned by MOL Group, T. Rowe Price, and Groupama. - **Subsidiaries**: OTP Bank in Moldova, Russia, Ukraine, and Croatia. - **Products**: Offers retail banking, corporate banking, investment banking, and private banking services. - **Website**: [www.otpbank.hu](https://www.otpbank.hu/), [otpbank.ro](https://otpbank.ro). - **Wikipedia Sitelinks**: 28 language editions. - **Wikidata Description**: Hungarian commercial bank. - **Logo**: OTP Bank logo (current and historical versions). - **Identifiers**: LCI (148440435), VIAF (n78062405), ISNI (0000000121890737), LEI (A0014331F.HU). - **Aliases**: Országos Takarékpénztár Nemzeti Vállalat, Országos Takarékpénztár, OTP Bank Rt. ## FAQs **What is OTP Bank's primary business model?** OTP Bank operates as a commercial bank, providing deposit-taking, lending, and financial services to individuals and businesses. It serves as a financial intermediary, facilitating transactions and investments. **Where is OTP Bank headquartered?** OTP Bank is headquartered in Budapest, Hungary, with additional operations in Moldova, Russia, Ukraine, and Croatia. **Who owns OTP Bank?** OTP Bank is owned by MOL Group, T. Rowe Price, and Groupama. **What financial products does OTP Bank offer?** OTP Bank offers retail banking, corporate banking, investment banking, and private banking services. **Is OTP Bank listed on a stock exchange?** Yes, OTP Bank is listed on the Budapest Stock Exchange (BSE). ## Why It Matters OTP Bank plays a crucial role in Hungary's financial ecosystem, providing essential banking services to individuals and businesses. As a key financial institution, it supports economic growth, facilitates transactions, and offers investment opportunities. The bank's presence in multiple countries, including Hungary, Moldova, Russia, Ukraine, and Croatia, underscores its regional significance. Its stability and financial services contribute to the stability of the economies it operates in, making it a vital player in Central and Eastern Europe. ## Notable For - **Historical Significance**: Founded in 1949 as the National Savings Bank of Hungary, OTP Bank has a long-standing presence in Hungarian finance. - **Global Expansion**: Operates subsidiaries in Moldova, Russia, Ukraine, and Croatia, extending its financial services beyond Hungary. - **Diverse Ownership**: Owned by MOL Group, T. Rowe Price, and Groupama, reflecting its strategic partnerships in the financial sector. - **Stock Exchange Listing**: Listed on the Budapest Stock Exchange (BSE), providing liquidity and investment opportunities. - **Comprehensive Services**: Offers a wide range of financial products, including retail banking, corporate banking, investment banking, and private banking. - **Digital Presence**: Maintains active websites in Hungary and Romania, ensuring accessibility to its services. ## Body ### History and Founding OTP Bank was founded on March 1, 1949, as the National Savings Bank of Hungary (Országos Takarékpénztár). Initially established as a state-owned institution, it evolved into a commercial bank, adapting to the changing economic landscape. The bank's legal name is OTP Bank Nyrt. (OTP Bank Public Limited Company), reflecting its transition from a state entity to a publicly traded company. ### Headquarters and Operations OTP Bank is headquartered in Budapest, Hungary, with a significant presence in the country's financial sector. The bank operates subsidiaries in Moldova, Russia, Ukraine, and Croatia, expanding its reach and influence in the region. This global expansion allows OTP Bank to serve a broader customer base and contribute to the financial stability of multiple economies. ### Ownership and Governance OTP Bank is owned by MOL Group, T. Rowe Price, and Groupama. This diverse ownership structure reflects the bank's strategic partnerships and commitment to financial innovation. The bank's governance is aligned with its ownership, ensuring a balanced approach to management and decision-making. ### Financial Products and Services OTP Bank offers a comprehensive range of financial products and services, including: - **Retail Banking**: Services for individual customers, such as savings accounts, loans, and credit cards. - **Corporate Banking**: Financial solutions for businesses, including business loans, trade finance, and cash management. - **Investment Banking**: Advisory and capital markets services for institutional investors. - **Private Banking**: Tailored financial services for high-net-worth individuals. ### Stock Exchange Listing OTP Bank is listed on the Budapest Stock Exchange (BSE), providing liquidity and investment opportunities for shareholders. The stock exchange listing is a significant milestone in the bank's journey, reflecting its growth and stability in the financial markets. ### Digital Presence and Accessibility OTP Bank maintains active websites in Hungary and Romania, ensuring accessibility to its services. The websites provide information on banking products, customer support, and online banking services, enhancing the bank's digital footprint. ### Identifiers and Aliases OTP Bank is recognized by various identifiers and aliases, including: - **LCI**: 148440435 - **VIAF**: n78062405 - **ISNI**: 0000000121890737 - **LEI**: A0014331F.HU - **Aliases**: Országos Takarékpénztár Nemzeti Vállalat, Országos Takarékpénztár, OTP Bank Rt. ### Wikipedia and Wikidata Presence OTP Bank has a presence on Wikipedia in 28 language editions, reflecting its global recognition and relevance. The Wikidata description of OTP Bank is "Hungarian commercial bank," capturing its core identity and operations. ### Logo and Branding OTP Bank's logo has evolved over time, with both current and historical versions available. The logo serves as a visual representation of the bank's identity and brand, ensuring recognition and trust among customers. ### Subsidiaries and Regional Operations OTP Bank operates subsidiaries in Moldova, Russia, Ukraine, and Croatia, extending its financial services to these regions. Each subsidiary is tailored to meet the specific needs of its local market, ensuring relevance and effectiveness. ### Financial Sector Contributions As a key player in Hungary's financial sector, OTP Bank contributes to economic stability, innovation, and growth. Its financial services support businesses, individuals, and investors, fostering a thriving financial ecosystem. ### Customer and Investor Support OTP Bank provides comprehensive customer and investor support through its websites and financial products. The bank's commitment to customer satisfaction and investor confidence is reflected in its services and governance practices. ### Future Outlook and Growth OTP Bank continues to evolve and grow, adapting to the changing financial landscape. Its strategic partnerships, global expansion, and commitment to innovation position it as a leading financial institution in Central and Eastern Europe. ## References 1. [Company profile](https://bse.hu/pages/company_profile/$security/OTP) 2. Virtual International Authority File 3. Freebase Data Dumps. 2013 4. [European Register of Market Participants](https://www.acer-remit.eu/portal/export-public-eu-register) 5. Global LEI Index 6. Quora 7. Name Suggestion Index 8. YouTube API