• Home
• Channel: Finance
• Hungarian OTP Bank Bigger Than European Rivals

Hungarian OTP Bank Bigger Than European Rivals

• 24 Oct 2019 9:03 AM
• Hungary Around the Clock

OTP Bank shares ended trading on the Budapest Stock Exchange on Tuesday at a record high of Ft 13,540, an increase of 1.3%, on strong volume.

The market value of OTP exceeds Ft 3.7 trillion, more than that of Poland’s largest bank PKO, or that of Dutch bank ABN Amro or Austria’s Raiffeisen, Portfolio noted.

The market value of OTP is now some 66% higher than that of Commerzbank, the second largest German bank. It is only 32% below Deutsche Bank and 17% below Erste Bank’s market capitalisation.

MTI Photo: Zoltán Balogh

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• OTP Bank

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

To Minimise Fraud OTP Limits Online & Mobile Transfers in Hungary

• 20 Apr 2024 9:20 AM

OTP bank will automatically set a daily limit transfer of Ft 1 million for internet and mobile banking transactions for retail customers starting May 8.



BUX Up: Budapest Stock Exchange Rallies to Record High

• 15 Dec 2023 7:33 AM

The Budapest BUX share index finished Thursday up 2.71% at 60,475.92, extending gains after an early-session advance.



OTP’s Simple Pay Accounts Hacked in Hungary

• 8 Dec 2023 10:43 AM

Several readers reported to Telex that their OTP Simple Pay accounts had been hacked after 9 p.m. on Tuesday.



Cash Deposits Via ATM Catching on in Hungary

• 18 Apr 2023 12:37 PM

Cash deposits made through ATMs – a quarter of total deposits – grew by 25% to Ft 2.5 trillion last year, as the number of deposits rose by 22% to 11 million deposits, according to figures from the MNB.