OTP Bank was chosen Best SME Bank of the Central and Eastern European Region

OTP Bank was chosen Best SME Bank of the Central and Eastern European Region

OTP Bank earned the Best SME Bank Award 2022 recognition of Global Finance magazine both in the region and in the Hungarian market.

Leading New York-based Global Finance magazine ranked the financial institutions that best serve small and medium-sized enterprises for the first time this year. The magazine pointed out, SMEs were hit hardest by the COVID-19 pandemic, and they play a critical role in any country’s recovery. Honourees are credit institutions that recognised the significance of the segment and pay special attention to serving SMEs.

In the Central and Eastern European region—and also in Hungary—OTP Bank received the SME Bank Award 2022 recognition.

The editors of Global Finance selected the winners for the 2022 Best SME Bank Awards based on entries submitted by banks and independent research, with input from industry insiders, executives, and technology experts. In addition to innovations, this year’s ratings were based on the banks’ market standing, knowledge of SME markets and needs, as well as the breadth of their products and services.

“It is an honour to receive yet another recognition from Global Finance magazine, which reconfirms our belief that we are on the right track. With responsible operation and hard work to deliver smooth and uninterrupted services to the corporate clientele in this extraordinary situation, OTP Bank was able to contribute to mitigating the effects of the pandemic and boost the economy. With the assistance of our advisors, we can provide flexible financial solutions to enterprises irrespective of their size and scope of activity”, said László Wolf, Deputy CEO of OTP Bank.

The activities of OTP Bank 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 16 million customers in 11 countries by offering contemporary banking solutions. The bedrocks of its operation are stability and innovation.