OTP Bank is the biggest commercial bank in Hungary, operating in Central and Eastern Europe. The bank provides universal financial services for more than 13 million customers, through nearly 1500 branches in 9 countries.
The predecessor of OTP Bank, called the National Savings Bank (OTP Bank) was established in 1949. OTP stands for Országos TakarékPénztár (National Savings Bank) which indicates the state-owned origin of the bank.
Ownership share: Domestic shareholders: 29.1%, Foreign shareholders: 70.9% (At the end of 1Q 2011)
Famous quotes containing the word bank:
“A self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see the self, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.”
—Josiah Royce (1855–1916)