Sándor Csányi re-elected chairman-CEO of OTP Bank
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.
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.