OTP is named best bank of Hungary by Global Finance Magazine

OTP is named best bank of Hungary by Global Finance Magazine

According to Global Finance Magazine, in 2021 OTP Bank became a repeat winner of the Best Bank title in Hungary; in addition to OTP, CKB Bank and SKB Bank, the Montenegrin and Slovenian subsidiaries of OTP Group, also won the Best Bank Award in 2021 in recognition of being the best banks in their respective countries.

Headquartered in New York, Global Finance Magazine ranks the best banks and financial service providers of the world based on strict professional criteria. Once again this year, the Magazine announced winners in numerous categories; among others, for the 28th time, it published the list of the World’s Best Banks, including the best banks of the countries comprising the Central and Eastern European region.

The prestigious international financial journal rewarded not only OTP Bank, but also two of its subsidiaries – the Montenegrin CKB Bank and the Slovenian SKB Bank – this year: the credit institutions of OTP Group were awarded the Global Finance Best Bank 2021 title in all three countries. At this time, recognition went to banks that put special focus on satisfying customer needs and were able to improve their results, while also laying the foundation for future successes through accelerated progress in their digital developments. In addition, achievements in product innovation and business development were also assessed during the selection process. Award winners were selected based on the opinions of numerous corporate finance executives, bankers, banking consultants and analysts.

Winning the title this year is a particularly valuable achievement in the 28-year history of the award due to the unprecedented economic conditions caused by the global pandemic.

The activities of OTP Bank and its subsidiaries have been recognised in recent years by numerous Hungarian and international awards. The Budapest-based credit institution, which by now has become a leading participant in the Central and Eastern European region, serves more than 19 million customers in 11 countries by offering contemporary banking solutions. The bedrocks of its operation are stability and innovation.