Sándor Csányi re-elected chairman-CEO of OTP Bank

Banking

The board of OTP Bank, Hungary's biggest commercial lender, re-elected Sándor Csányi chairman-CEO at a meeting on Friday, according to a report by state news wire MTI.

Csányi will serve in the position until the closing AGM of the bank's 2025 business year, but no later than April 30, 2026.

He has been chairman-CEO of OTP Bank since 1992. Under his watch, the lender has expanded in the region to become a Hungarian multinational.

Csányi is deputy chairman of Hungarian oil and gas company MOL and co-chair of the National Association of Entrepreneurs and Employers (VOSZ). He also heads the Hungarian Football Association (MLSZ). He is one of Hungary's richest men and the owner of vertically integrated agribusiness Bonafarm.

Empowered by a government decree, OTP's board approved AGM resolutions at the meeting on Friday in lieu of shareholders, because of a ban on gatherings to contain the spread of the coronavirus.

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