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The oldest antecedent of OTP Bank was the First National Savings Bank of Pest, established in 1839–1840 and nationalized in 1948.In 1949, the latter's operations were transferred to the newly established Hungarian National Savings Bank Company (Hungarian: Országos Takarékpénztár Nemzeti Vállalat), one of the country's four main financial institutions alongside the Hungarian National ...
OTP Bank: 1949 Budapest: 378 32,10%; others 67,90% OTP Bank - Magánszemélyek: 2 K&H Bank: 1986 Budapest 204 100,00% 3 Erste Bank: 1998 Budapest 110 100,00% Magánszemélyek: 4 Budapest Bank: 1986 Budapest 92 100,00% Budapest Bank főoldal: 5 CIB Bank: 1979 Budapest 65 100,00% CIB Bank: 6 MKB Bank: 1950 Budapest 51 100,00% MKB Bank ...
OTP Ingatlanpont offers a broad range of integrated services, including property sales, appraisal and valuation, property leasing, tenant representation, strategic consulting and through its parent bank, the OTP Bank also mortgage services and property loans. [4] [5] The company is since its founding in 2011 part of the OTP Bank Group.
It was privatized in the mid-1990s, then renationalized in the 2010s. It eventually merged in the early 2020s with Budapest Bank and Takarékbank to form Magyar Bank Holding, branded MBH Bank , thus creating the second-largest commercial bank in Hungary behind OTP Bank. The complex three-way merger was announced in 2020 and completed in 2023. [1]
2014 – New range of bank cards in the international payment system MasterCard - banking card endowed with EMV (embedded chip) 2014 – Opening of the new Training Centre and Branch School; 2016 – Launch of VISA cards; 2017 – First Mortgage Center opened in Moldova; 2019 – Purchase by OTP Bank; 2020 – 30th anniversary of the Bank
From 1986 to 1989 he worked as a head of department at Magyar Hitel Bank. He was deputy CEO of Kereskedelmi és Hitelbank from 1989 to 1992. In 1992 he became chairman & CEO of OTP Bank Group and fired a number of managers (which was unheard of in a formerly socialistic country). He is responsible for the Bank's strategy and overall operation. [6]
CIG was supported by the U.S. Inverstment bank Lehman Brothers. [2] It also had a successful partnership with Brokernet , one of Hungary's largest financial agencies. [ 3 ] In 2008, the company became market leader in niche markets like regular-premium, unit-linked life insurance products and closed the year with a turnover of US$13 million.
Magyar Telekom Nyrt. is the 100% owner of Telekom Regszerintegració Zrt., as well as the majority owner of Makedonski Telekom, the leading integrated service provider in North Macedonia. Until 6 May 2005, it was known as Matáv (Magyar Távközlési Rt. – Hungarian Telecommunications PLC).