Group-level merger for OTP’s investment and private banking services

Through the reorganization, the Board of Directors of OTP Global Markets is also responsible for treasury transactions, custody and capital market operations, private banking services, and group-level investment services management. The organizational transformation will not directly, but the accompanying service development and wider product range will be felt by domestic and subsidiary customers in the future as well, they said.

The OTP Group is present in 11 countries, serving as a leading financial player in the region, serving nearly 19 million retail, corporate and municipal customers in its branch network and online space, and is a market leader in several countries. At the same time, OTP Global Markets has also undergone significant growth; The business has strengthened significantly in Hungary, has a leading role in corporate bond issues, and last year, together with the capital market experts of the subsidiary banks, served about 19,000 corporate, retail and institutional clients.

As a follow-up, the decision was made that, as of January 1, 2021, OTP Global Markets will be responsible for private banking and priority private banking, portfolio management, advisory, independent multi-asset analysis, and group-level investment services management. for its design.

OTP Bank’s total private bank banking portfolio in Hungary is currently close to 23,000, and the domestic assets managed by the credit institution amount to HUF 2,328 billion. At group level, the OTP Group currently has 72,000 private banking customers and assets under management amount to EUR 8.3 billion.

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Source: – Bank by

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