OTP private banking business shows robust growth

Banking

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OTP Bank's private banking division's managed assets grew 3% to more than EUR 9 billion in the third quarter as the number of clients increased, managing director of OTP Global Markets Attila Bánfi said on Wednesday, according to a report by state news wire MTI.

The division's activity expanded to the regional level along with the bank group's growth, Bánfi said. 

The bank's private banking and treasury activities were placed under unified management in January, he noted.

OTP Bank has around 73,000 private banking clients in the region. In Hungary, OTP is market leader in the segment with 24,000 private banking clients and managed assets of HUF 2.543 trillion.

OTP aims to become one of the top three private banking service providers in the region, Bánfi said.

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