The newest and one of the largest banks of Slovenia will be called OTP Banka from tomorrow

The newest and one of the largest banks of Slovenia will be called OTP Banka from tomorrow

OTP Group has reached an important milestone in Slovenia. Today, the two members of the banking group, Nova KBM d.d. and SKB banka d.d - after all the necessary regulatory approvals - successfully completed the legal merger, and will continue to operate under one brand name, OTP Banka. This is the largest merger of banks in the history of Slovenia, and OTP Banka will have the largest market share of loans and deposits in Slovenia^* and will be the second largest non-Hungarian branch of the international OTP Group (after the Bulgarian DSK).

Ljubljana, 22 August 2024 – With the legal merger of the two banks, all obligations and rights of SKB banka were taken over by Nova KBM as its universal legal successor. Starting tomorrow, the new bank will be called OTP banka d. d., and the legal headquarters of the new bank will be in Ljubljana. The activities of the new merged bank will be complemented by leasing and factoring services of the subsidiaries SKB Leasing, SKB Leasing Select and Aleja finance.

The new logo of the merged bank is:

The legal merger will be followed by an operational merger process, which includes merging the best banking products, services, and digital banking channels. The technical migration and transfer of the bank accounts of SKB banka's clients to the OTP banka's information system is scheduled between 30 August and 2 September 2024.

The new bank will build itself on the best of both banks. With around 2,500 employees and their broad knowledge and commitment, OTP Group in Slovenia will continue to provide excellent universal banking services based on trust, establish solid relationships with clients, digital developments and contribute to the growth and development of the Slovenian economy.

About the OTP Group:

OTP Group is one of the fastest growing and leading banking groups with exceptional profitability and a stable capital and liquidity position in Central and Eastern Europe. With nearly 40,000 employees in now 11 countries of the CEE and Central Asian region, the Group provides universal financial services to 17 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 25 banks since the early 2000s. Currently, the OTP Group is the leader in Hungary, Bulgaria, Serbia, Montenegro and Slovenia^**. OTP Group has been listed on the Budapest Stock Exchange since 1995 and has a diversified and transparent ownership structure.

Recently, S&P Global Market Intelligence published the ranking of the best performing banks in Europe and for the first time among 50 largest European banks OTP Group was a top performer. Such an excellent ranking was achieved due to a healthy combination of financial indicators that reflect growth, stability, and profitability at the same time.

^*According to the data of 31.03.2024

^**In terms of total assets: Hungary (31/12/2023), Montenegro (31/12/2023), in terms of total loans: Bulgaria (31/12/2023), Serbia (30/09/2023), and Slovenia (31/03/2024)