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OTP BankHungary
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This profile is actively maintained
Last update: 2024-04-19 15:13:05
OTP Bank branche in Székesfehérvár, Hungary. Photo: Globetrotter19 via Wikimedia Commons (CC BY-SA 3.0)
Active
This profile is actively maintained
Last update: 2024-04-19 15:13:05
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About
| Website | https://www.otpbank.hu |
| Headquarters |
16. Nádor street
H-1051 Budapest
Hungary
|
| CEO/chair |
Dr. Sándor Csányi CEO |
| Supervisor | |
| Ownership |
listed on Budapest Stock Exchange
OTP Bank's largest shareholder is Hungarian oil and gas company MOL Group (8.57%). The bank's complete shareholder structure can be accessed here. |
OTP Bank was established in 1949 and is Hungary's largest commercial bank, mainly operating in Central and Eastern Europe. The Bank provides banking and other financial services to both retail and corporate customers. Its subsidiaries specialize in car leasing, investment funds and insurance.
In May 2023 Ukraine’s National Anti-Corruption Agency (NAZK) placed OTP Bank Group on its list of “international war sponsors” for its continued cooperation with Russia.
Sustainability
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OTP Bank's most important sustainability commitments can be found at the website sections listed below.
Links
OTP Bank has committed itself to the following voluntary standards:
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Grievances
OTP Bank operates a Complaints handling mechanism, based on its Policy on complaints, which can be accessed here.
This page evaluates OTP Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Russia
Banks and Russian Aggression in Ukraine
BankTrack is keeping track of the public response of OTP Bank Nyrt. to Russia's illegal invasion of Ukraine. OTP Bank Nyrt. did not publicly condemn the war. OTP Bank Nyrt. is considered by Leave-Russia.org to be "still operating" in Russia. We categorise its exposure to Russia as large. For further details, see the table linked below.
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