OTP Bank

Type: Commercial Bank

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About OTP Bank

Founded	1949
Headquarters	Budapest, Hungary
Market share	OTP Bank is one of the largest banks in Hungary, with a significant presence in Central and Eastern Europe.
Major competitors	K&H Bank UniCredit Bank Raiffeisen Bank Erste Bank
Notable partnerships	Collaboration with local businesses for tailored financial solutions. Partnerships with technology firms to enhance digital banking capabilities. Engagement with community organizations for social responsibility initiatives.
Recent developments	Expansion into new markets in Central and Eastern Europe. Investment in digital transformation and cybersecurity measures. Launch of new financial products tailored to customer needs.
Regulations	OTP Bank operates under the regulations of the Hungarian National Bank and complies with EU banking directives.
Official website	https://www.otpbank.hu