ADVERTISEMENT

OTP private banking business shows robust growth

Banking

Tupungato/Shutterstock.com

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.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.