Savings Cooperative Integration members add ten branches

Initiatives

Members of Hungary's Savings Cooperative Integration (OTSZ) have opened or taken over ten branches over the past year, OTSZ told MTI on Thursday.

OTSZ members have almost 1,500 branches around the country.

OTSZ's 113 members account for more than 90% of savings cooperatives and about three-fourths of savings cooperative branches in Hungary.

OTSZ members aim to boost their share of Hungary's banking market from 5-6% by several percentage points with a few years by expanding lending to retail and small business clients.

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