OTP Group members win prestigious international awards

published atJuly 21, 2023Tags:awards

Euromoney names the world’s best banks in its Awards for Excellence 2023

Members of the OTP Group activities have been recognised with one the most prestigious professional awards in the financial sector by Euromoney magazine. The Hungarian OTP Bank has been ranked as the best digital bank within the CEE region in Euromoney’s Awards for Excellence 2023. In the national awards category, OTP Bank was also presented with the Best Bank in Hungary award for the sixth time. In addition to this, OTP Bank Albania has also won the Best Bank in Albania for the fourth time in a row, and Nova Kreditna Banka Maribor (Nova KBM) was presented with the Best Bank in Slovenia. Both banks are subsidiaries of OTP Group.

Euromoney’s Awards for Excellence 2023 are determined by an editorial jury after a three-month research and interview process. The professional evaluation committee of the award assessed financial indicators, size, profitability, and the ability to demonstrate growth, relative outperformance compared with peers and the ability to adapt to changing market conditions and/or client needs. As well as financial performance, banks should include details on their digital banking strategy and their approach to issues such as cybersecurity and corporate social responsibility during the application process.

About Euromoney’s Awards for Excellence

Euromoney magazine was launched in 1969 to cover the emergence of the international cross-border capital markets and today Euromoney is one of the primary magazines of the wholesale financial world, its institutions, and its users. Euromoney’s Awards for Excellence were established in 1992 and where the first of their kind in the global banking industry. They remain the worldwide gold standard in this regard and are determined by an editorial panel of judges following a three-month research and interview process.

About OTP Group

OTP Group is one of the fastest growing and one of the leading banking groups in the Central and Eastern European region, with outstanding profitability and a stable capital and liquidity position. With more than 41,000 employees in now 12 countries of the CEE and Central Asian region, the Group provides universal financial services to more than 17.5 million customers. As the most active consolidator in the banking sector of the Central and Eastern European region, the Group has successfully acquired and integrated 23 banks since the early 2000s. Currently, the Bank is a market leader in Hungary, Bulgaria, Serbia, Montenegro, and in Slovenia. OTP Group is headquartered in Hungary and has a diversified and transparent ownership structure. The Banking Group has been listed on the Budapest Stock Exchange since 1995.