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OTP Bank Romania received the Best Bank Award by Global Finance

2023-06-15 - Events, News, OTP Group

Bucharest, June 15, 2023: OTP Bank Romania has received the prestigious Best Bank Award by Global Finance Magazine, a recognition that highlights the bank's great financial performance and significant development in the Romanian banking sector. 

According to Global Finance, OTP Bank Romania has shown commitment for its local development plan, and following the multiyear transformation program launched in 2019, the bank has since then increased its market share by 71%, while the total volume of customers increased by 42%. As it follows, at the end of 2022 the bank's market share considering total assets reached 3%, surpassing its previous position of 2.9% in the preceding year, and consolidating its ranking as the country's ninth-largest bank.

Referring to the financial performance, OTP Bank Romania’s operating profit increased by 76% compared to 2021. The result is attributed to a significant 29% rise in total income, supported by a controlled 10% growth in operating expenses. Furthermore, net interest income experienced a substantial growth of 35%, fueled by higher loan volumes.

"We are honored to receive the Best Bank award from Global Finance. It is the result of our local organic development program, which helped constantly grow the asset value and consolidate our standing in the market. It is also a recognition of the hard work and dedication of our talented team and the trust our customers have placed in us. We remain committed to providing excelent financial solutions, exceptional customer service, and driving sustainable growth in the Romanian banking sector", said Gyula Fatér, CEO of OTP Bank Romania.

At group level, OTP Bank has also been awarded Best Bank in Central and Eastern Europe by Global Finance, marking its leading position in the regional banking sector. In 2022, considering the challenges that defined the year, OTP Bank Group’s adjusted after-tax profit rose by 19%, while adjusted return on equity (ROE) rose by 30 basis points to 18.8%, and performing loans grew by 12%. The award also marks the bank’s intensive regional development through acquisitions, including the recent signing for Uzbekistan’s Ipoteka Bank. Along with Romania, OTP Group’s subsidiaries in Croatia, Slovenia, and Montenegro also won the Best Bank award.


About OTP Bank Romania

OTP Bank Romania is the subsidiary of OTP Group, a universal bank with a very good presence in Central and Eastern Europe, which offers complete financial solutions, being active in both the retail and corporate segments. After four years of constant and considerable growth in all business lines, OTP Bank Romania is moving towards a process of consolidating its portfolio and operations. With a team that embraces change and capitalizes on its potential, OTP Bank Romania builds a culture of trust at every level of the organization. In Romania, the members of the OTP Group are OTP Bank Romania, OTP Consulting, OTP Leasing, OTP Asset Management, OTP Factoring, OTP Advisors and the OTP Bank Romania Foundation. 


Contact: 
Communication Team 
comunicare@otpbank.ro