Domestic ownership in OTP Bank grows

Banking

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Domestic ownership in OTP Bank, Hungary's biggest commercial lender, increased last year, state news wire MTI reports, citing a disclosure posted on the website of the Budapest Stock Exchange.

While foreign institutions remained the biggest stakeholders in OTP, with 71.64% ownership at the end of 2020, that share fell from 77.06% at the end of 2019.

During the same period, domestic institutions' ownership stakes in OTP rose to 20.93% from 18.87%, while domestic individuals' ownership increased to 5.65% from 3.78%.

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