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OTP Bank Nyrt.
A hundred-per-cent owner of the bank - Hungarian OTP Bank Nyrt. - is the largest bank among financial institutions in Hungary and the leader of the Hungarian banking market as it is reflected by its market shares at the end of December 2008:
| Market shares of OTP Bank in the system of financial institutions of Hungary | 2008 |
| Loans | 17.6% |
| Deposits | 24.1% |
| Total Assets | 23.9% |
OTP Bank Nyrt. was founded in 1949 as a state-owned financial institution. At the end of 1990 Savings Bank was transformed into a limited company and its name was changed into National Savings and Commercial Bank (OTP Bank) Ltd. OTP Bank’s privatization was realized in 3 public share issues: the first in 1995, the second in 1997 and the third in 1999.
Ordinary shares of the Bank are listed in Category "A" on the Budapest Stock Exchange. The Global Depository Receipts (GDRs) traded abroad, are listed on the Luxembourg Stock Exchange and Regulation S GDRs are traded on SEAQ International in London.
Ownership structure of OTP Bank Plc.
| Description of owner | Total equity as of December 31, 2008 |
| %* | %** | Qty |
| Domestic institution/company | 5.7% | 6.1% | 15,917,385 |
| Foreign institution/company | 75.4% | 81.1% | 211,211,327 |
| Domestic individual | 7.9% | 8.5% | 22,232,810 |
| Foreign individual | 0.1% | 0.1% | 193,787 |
| Bank’s employees, senior officers | 2.1% | 2.3% | 5,881,388 |
| The Treasury | 7.0% | 0.0% | 19,509,673 |
| Government held owner*** | 0.3% | 0.3% | 853,640 |
| International Development Institutions**** | 1.5% | 1.6% | 4,200,000 |
| Other | 0.0% | 0.0% | 0 |
| TOTAL | 100.0% | 100.0% | 280,000,010 |
* Ownership ratio
** Voting rights at the issuer’s General Meeting
*** E.g.: State Privatization Holding Co. Ltd., Social Security, Municipality, 100% state-owned companies etc.
**** E.g.: EBRD, EIB, etc.
Besides organic development, OTP Bank’s international expansion is supported by its excellent performance. The regional expansion started in 2002 with the acquisition of a Slovakian bank, which was followed by a series of acquisitions in the CEE region: in Bulgaria 2003; in Romania 2004; in Croatia 2005; in Serbia, Ukraine, Russia and Montenegro 2006.
OTP Bank is the largest independent bank in the CEE region, which provides full financial services in eight countries besides Hungary to its almost 12 million clients through its over 1,500 branches, ATM-network and via its electronic channels.
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