Corporate Governance

Organization chart

Download the organization chart of OTP Bank (pdf)

Senior management and members of the Board of Directors

The members of the Board of Directors are elected by the General Meeting for a term of five years.

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    Dr. Sándor Csányi

    Chairman of the BoD
    Chairman & CEO

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    Dr. Sándor Csányi

    Chairman of the BoD
    Chairman & CEO

    He graduated from the College of Finance and Accounting in 1974 with a bachelor’s degree in business administration and in 1980 from the Karl Marx University of Economic Sciences (now: Corvinus University) with a master in economics and finance, where he also obtained his doctorate in finance between 1981-1983. He is a chartered auditor – certified in 1982 at the Ministry of Finance. After graduation he worked at the Tax Revenue Directorate and then at the Secretariat (Bank Supervision Section) of the Ministry of Finance. Between 1983 and 1986, he was a departmental head at the Ministry of Agriculture and Food Industry. From 1986 to 1989 he worked as a senior head of department at Hungarian Credit Bank (MHB). He was Deputy CEO of K&H Bank from 1989 to 1992.
    He has been the Chairman & CEO of OTP Bank Plc. since 1992.
    He is Vice Chairman of the Board of Directors of MOL Plc. and Co-Chairman of the Chinese-Hungarian Business Council.

    He is one of the largest investors in agriculture and food industry in the CEE region through Bonafarm Group and KITE generating aggregated annual revenue of EUR 2 billion with over 9,000 employees and with 40,000 hectares cultivated land in total. Bonafarm Group is vertically integrated whereby agriculture companies produce the raw materials for food processors. He has significant investments in real estate through his minority holding in Gránit Pólus and Limedale (portfolio of USD 1 bn), in VC (Bonitás Venture Capital Fund) and asset management (CSAM in Singapore).

    He has been the President of the Hungarian Football Association (MLSZ) since 2010, and a member of the UEFA Executive Committee since March 2015; and the Vice President of the UEFA Executive Committee since 2019. Since 2017 he has been a member of the FIFA Council and the Vice President of the FIFA Council since 2018. Within UEFA he is also the Chairman of the UEFA National Team Competition Committee, a member of the UEFA Finance Committee and the UEFA Professional Football Strategy Council.
    He has been the owner of Pick Szeged Handball Club since 2011. He has been the Honorary Vice President of the International Judo Federation since 2008.
    Since 1995 he has been the Vice President of the Board of Trustees of the International Children’s Safety Service, and since 2003 he has been the Chairman of the Board of Trustees of the Prima Primissima Foundation. In 2005, he established the Csányi Foundation for Children from his own assets. Since 2009, he has been a member of the Board of Trustees of the Media Union for Social Awareness Formation Foundations. Since 2020, he has been the Chairman of the Board of Trustees of the Pro Sopron University Foundation. In 2021, he became Chairman of the Board of Trustees of the Foundation for the Hungarian Agricultural and Life Sciences University (MATE).

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    László Bencsik

    Chief Strategic and Financial Officer, Deputy CEO
    Strategy and Finance Division

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    László Bencsik

    Chief Strategic and Financial Officer, Deputy CEO
    Strategy and Finance Division

    In 1996, he graduated from the Faculty of Business Administration at the Budapest University of Economic Sciences, and in 1999 he obtained a Master’s in Business Administration (MBA) from INSEAD Business School in France.

    Between 1996 and 2000 he worked as a consultant at Andersen Consulting (now Accenture).
    From 2000 to 2003 he was a project manager at consulting firm McKinsey & Company.
    He joined OTP Bank in 2003, when he became managing director of the Bank Operations Management Directorate, and the manager with overall responsibility for controlling and planning.

    He has been deputy CEO of OTP Bank, and head of the Strategy and Finance Division, since August 2009.
    Since 13 March 2012 he has been Chairman of the Supervisory Board of DSK Bank.

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    Péter Csányi

    member of the BoD
    Deputy CEO
    Digital Division

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    Péter Csányi

    member of the BoD
    Deputy CEO
    Digital Division

    He graduated from City University London in 2006 with a bachelor’s degree in economics, then in 2007 with a master’s degree in finance from the IE Business School in Madrid. In 2015, he received the Master of Business Administration (MBA) diploma from Kellogg School of Management in the USA.

    He began his career in 2006 at Merrill Lynch’s London office as an intern and he was working on corporate finance projects for financial institutions.
    From 2007 to 2011, he worked at Deutsche Bank's London office, first as an analyst and later as an associate in the field of corporate finance (for Central and Eastern European corporate customers).

    From 2011-2016, he worked for McKinsey & Company Inc. as an associate mostly working on banking related projects.

    He joined OTP Bank in 2016 as Managing Director of the Digital Sales and Development Directorate. After the agile transformation at the Bank, he became responsible for the management of the Omnichannel Tribe from 2019. In addition, since January 2021, he has been the head of the Daily Banking Tribe.
    From March 2021, he is the Deputy CEO of OTP Bank, the head of the IT Division (As of 1 May 2021 Digital Division).
    From 2020 he has been Chairman of the Supervisory Board of OTP banka d.d. in Croatia. He is also a member of the OTP Mobil Kft. Supervisory Board and the head of the Digitization Working Group of the Hungarian Banking Association. He is member of the Mastercard European Advisory Board.

    He has been a member of OTP Bank's Board of Directors since 16 April 2021.

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    György Kiss-Haypál

    Deputy CEO
    Credit Approval and Risk Management Division

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    György Kiss-Haypál

    Deputy CEO
    Credit Approval and Risk Management Division

    He is a qualified economist. He graduated from the Budapest University of Economic Sciences in 1996.

    He started his career as a project finance analyst for Budapest Bank Plc., and by 2007 he had been appointed head of the bank’s risk management department.
    Between 2002 and 2006 he also worked in Ireland as corporate credit risk portfolio manager for GE Consumer Finance Europe, and in Austria as GE Money Bank’s consumer loans portfolio manager. Between 2008 and 2015 he was member of the Board of Directors of Budapest Bank.

    From 2015 he was deputy head of the Credit Approval and Risk Management Division of OTP Bank Plc., and was then appointed acting head of the Division.
    Since 3 May 2017, he has been deputy CEO of the Credit Approval and Risk Management Division.

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    Antal György Kovács

    member of the BoD
    Deputy CEO
    Retail Division

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    Antal György Kovács

    member of the BoD
    Deputy CEO
    Retail Division

    He graduated from the Karl Marx University of Economic Sciences with a degree in economics.

    He began his professional career in 1990 at the Nagyatád branch of K&H Bank, where he worked as a branch manager between 1993 and 1995.

    He has been working at OTP Bank Plc. since 1995, first as a county director and from 1998 as the executive director of OTP Bank’s South Transdanubian Region. Since 1 July 2007 he has been OTP Bank’s Deputy CEO.

    He has received additional training at the International Training Centre for Bankers and on various courses held by the World Trade Institute.

    Between April 2007 and April 2012 he was Chairman of the Supervisory Board of OTP banka Hrvatska d.d.
    He has been Chairman of the Supervisory Board of OTP Bank Romania SA since 12 December 2012. He has been Chairman of the Board of Directors of OTP Mortgage Bank Ltd. and OTP Building Society Ltd. since 24 April 2014. He is Chairman of the Supervisory Board of OTP Fund Management and OTP Home Solutions Ltd.
    He was a member of OTP Bank’s Supervisory Board from 2004 to 14 April 2016.

    He has been a member of OTP Bank's Board of Directors since 15 April 2016.

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    László Wolf

    member of the BoD
    Deputy CEO
    Commercial Banking Division

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    László Wolf

    member of the BoD
    Deputy CEO
    Commercial Banking Division

    He graduated from the Karl Marx University of Economic Sciences in 1983. After graduation, he worked at the Bank Relations Department of the National Bank of Hungary for 8 years, and then he was head of Treasury at BNP-KH-Dresdner Bank between 1991 and 1993.

    From April 1993 he was managing director of OTP Bank’s Treasury Directorate, and since 1994 he has been Deputy CEO of the Commercial Banking Division. Member of DSK Bank’s Supervisory Board.

    He has been Chairman of the Board of Directors of OTP banka Srbija since 10 December 2010.

    He has been a member of OTP Bank's Board of Directors since 15 April 2016.


Non-executive members of the Board of Directors (BoD)

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    Tamás György Erdei

    Deputy Chairman of the BoD
    BSc Business Administration

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    Tamás György Erdei

    Deputy Chairman of the BoD
    BSc Business Administration

    He graduated in 1978 with a degree from the College of Finance and Accounting. He began his professional career at OTP, in a variety of administrative roles (his last position was branch manager), before going on to work at the Ministry of Finance in the area of bank supervision.

    From 1983 he was employed by the Hungarian Foreign Trade Bank (today MKB), where he gradually worked his way up through the ranks. In 1985 he became managing director, in 1990 he was appointed Deputy CEO, then in 1994 he became CEO, and from 1997 until the end of March 2012 he was Chairman & CEO.

    Between 1997 and 2008, and between 2009 and 2011, he was the elected president of the Hungarian Banking Association.

    He is the Chairman of the Supervisory Board of the International Children’s Safety Service.

    He has been a member of OTP Bank’s Board of Directors since 27 April 2012. He has been the Chairman of OTP Bank's Risk Assumption and Risk Management Committee, and he was a member of the Nomination Committee between 2014 and 2020. He has been the Deputy Chairman of the Board of Directors of OTP Bank Plc. since April 2019 and the Chairman of the Work-out Committee since October 2019.
    He has been Chairman of the Board of Directors at OTP Factoring Ltd. since December 2019.

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    Gabriella Balogh

    MSc Economics, specialization in marketing

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    Gabriella Balogh

    MSc Economics, specialization in marketing

    She graduated as organizing chemical engineer from the University of Veszprém in 1993 and as marketing economist from the University of Economics, Budapest in 1997.

    She worked as a marketing associate between 1993 and 1998, as director of the Marketing Department from 1998 to 2005 and as managing director of the Marketing and Sales Directorate between 2005 and 2008 at OTP Bank Plc.

    She has been managing director of GoodStep Consulting Kft. since 2008. She fulfilled group management tasks as a Board of Directors member at the Central European Media and Publishing Company between 2010 and 2017.
    She has been co-owner and Board of Directors member of Net Media Plc. since 2016. She is Presidium member and Chairwoman of the Marketing and Media Board of the Hungarian Football Association.

    She has been a member of OTP Bank's Board of Directors since 16 April 2021.

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    Mihály Baumstark

    BSc Agricultural Business Administration,
    MSc Economics

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    Mihály Baumstark

    BSc Agricultural Business Administration,
    MSc Economics

    He graduated with a degree in agricultural business administration at Gödöllő University of Agriculture (1973), and went on to do a masters in economics at the Karl Marx University of Economic Science (1981).

    He was employed by the Ministry of Agriculture and Food Industry between 1978 and 1989. When he left the Ministry he was Deputy head of the Investment Policy Department. Then he was managing director of Hubertus Bt., and from 1999 to 2011 he was deputy CEO and then Chairman & CEO of Villányi Winery Ltd. (now Csányi Winery Ltd.). He is currently retired.

    He was a member of OTP Bank’s Supervisory Board from 1992 to 1999, and has been a non-executive member of OTP Bank’s Board of Directors since 1999.

    He has been Chairman of OTP Bank's Ethics Committee since 2010, as well as a member of its Remuneration Committee since 2011. He was the member of the Nomination Committee between 2014 and 2020.

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    Dr. István Gresa

    PhD Business Administration and Economics

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    Dr. István Gresa

    PhD Business Administration and Economics

    He graduated from the College of Finance and Accountancy in 1974 and received a degree in economics from the Karl Marx University of Economic Sciences in 1980. He earned a PhD from the University of Economic Sciences in 1983.

    He has worked in the banking sector since 1989. Between 1989 and 1993 he was branch manager of Budapest Bank’s Zalaegerszeg branch.
    From 1993 he was director of OTP Bank’s Zala County Directorate, and from 1998 he was the managing director of the Bank’s West Transdanubian Region.
    From 1 March 2006 until 14 April 2016 – when he retired – he was Deputy CEO of the Credit Approval and Risk Management Division. He was Chairman of the Board of Directors at OTP Factoring Ltd. between 2006 and 2017.

    He has been a member of OTP Bank’s Board of Directors since 27 April 2012.

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    György Nagy

    Msc International Economics

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    György Nagy

    Msc International Economics

    He graduated from the Department of International Foreign Economics of University of International Relations (Moscow) in 1989.

    He was a founding owner of Wallis Holding (founded in 1990) and he managed the Wallis Group as CEO until 2000.
    He founded Westbay Holding Kft. in 2004, the company’s portfolio includes several successful investments.
    He has been the Chairman of the Hungarian Shooting Federation since 2012, Presidium member of the European Shooting Confederation (ESC) since 2013 and Council member of the International Shooting Sport Federation (ISSF) since 2019 and he was elected the Vice President of ESC in 2021.

    He has been a member of OTP Bank's Board of Directors since 16 April 2021.

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    Dr. Márton Gellért Vági

    General Secretary
    Hungarian Football Association

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    Dr. Márton Gellért Vági

    General Secretary
    Hungarian Football Association

    He graduated in 1987 from the department of foreign economics at the Karl Marx University of Economic Science.

    From 1987 to 2000 he was lecturer at University of Economic Science of Budapest (today Corvinus University of Budapest) and from 1994 onwards associate professor and head of department. He has a university doctorate and a PhD in economics. He has authored or co-authored more than 80 studies, essays and books.

    Between 2000 and 2006 he worked at the State Holding and Privatisation Co. (ÁPV Zrt.), as managing director, Deputy CEO and then CEO.
    Between 2006 and 2010 he was Chairman of the National Development Agency.
    Since 2010 he has been general secretary of the Hungarian Football Association.

    In various periods between 2000 and 2010, he was the Chairman of the Board of Directors of Magyar Villamos Művek, Paks Nuclear Power Plant and the National Textbook Publishing House. Between 2002 and 2010, he was a member of the Board of Directors of Földhitel és Jelzálogbank Nyrt., and the Chairman of the Board of Directors for 4 years.
    He has been a member of UEFA’s HatTrick Financial Assistance Committee since 2011. He has been a member of FIFA’s Financial Committee since 2017.

    He was a member of OTP Bank’s Supervisory Board between 2011-2021.
    He was a member of OTP Bank’s Audit Committee between 2014-2021.
    He was a member of OTP Bank’s Nomination Committee between 2020-2021.

    He has been a member of OTP Bank's Board of Directors since 16 April 2021.

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    Dr. József Zoltán Vörös

    Professor, academician
    University of Pécs

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    Dr. József Zoltán Vörös

    Professor, academician
    University of Pécs

    He earned a degree in economics from the Karl Marx University of Economic Sciences in 1974. In 1984 he earned a PhD in economics from the Hungarian Academy of Sciences, and a Doctor of Science degree in 1993. He has been a member of the Hungarian Academy of Sciences since 2013.

    Between 1990 and 1993 he was the dean of the Faculty of Business and Economics, Janus Pannonius University (JPTE) in Pécs. In 1993 he attended a course in management for senior executives at Harvard University.
    From 1994 he was a professor at JPTE, from 2021 he has been professor emeritus. He was the senior Vice Rector of the University from 2004-2007, between 2007 and 2011 he was Chairman of the Economic Council of the University of Pécs.

    He has been a non-executive member of OTP Bank’s Board of Directors since 1992. He has been Chairman of OTP Bank's Remuneration Committee since 2009, and member of its Risk Assumption and Risk Management Committee since 2014.

Supervisory Board and other committees

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Executive management

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Documentation related to Corporate Governance

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Corporate Governance Reports, statements on the independence of board members, group-level remuneration guidelines etc.

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