The predecessor of OTP Bank, called the National Savings Bank was established in 1949. Since 1989, the bank has operated as a multi-functional commercial bank, and in 1990, the National Savings Bank became a public company. OTP Bank's privatisation began in 1995, and currently the bank is characterized by dispersed ownership of mostly private and institutional (financial) investors.
In 2001 — after the realisation of its own privatisation process — OTP Bank started its international expansion targeting countries in the CEE region, which offer great economic growth potential similar to that of its domestic market. OTP Bank has completed multiple successful acquisitions in the past years, becoming a key player in the region.
Check out the timeline to find out more about OTP Group's history.