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Bucharest
September 27, 2021
BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

OTP Bank, the best bank in Central and Eastern Europe according to Euromoney

The OTP Bank Group was awarded the Best Bank in Central and Eastern Europe at the Awards for Excellence 2021, the global banking industry competition organized by the international business magazine Euromoney.

According to Euromoney, OTP Bank is the only banking group in the region that last year recorded a double-digit return on equity. The company also recorded an impressive 9% increase in its loan portfolio.

The development of the loan portfolio contributed to the increase of OTP’s net interest income by 12%, on regional level. The largest contribution was made by double-digit increases in Hungary, Serbia, Romania, and Ukraine, where funding was provided mainly for mortgages, consumer lending or the corporate sector.

At the same time, in a difficult social and economic context, in 2020, the group completed two complex mergers: the integration of new acquisitions in Bulgaria in May, and Montenegro in December.

In Romania, OTP Bank continues to implement its Apollo growth strategy, which aims for an increase of over 16% in performant loans for this year.

A series of projects that will help achieve this goal are being developed, some already in the process of implementation: constant investments and accelerating the digitization process at the bank level, expanding the territorial network by opening new branches and introducing innovative and customized financial products and services.

At the same time, the bank is considering increasing its local team, just after last year 200 new colleagues were hired. Currently, OTP Bank Romania has approximately 1,700 employees, a press release issued by the financial institution informs.

 

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