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Home › Banks ›
Bank
OTP BankHungary

Active

This profile is actively maintained
Last update: 2023-06-20 00:00:00
OTP Bank branche in Székesfehérvár, Hungary. Photo: Globetrotter19 via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2023-06-20 00:00:00
About
Website https://www.otpbank.hu
Headquarters
16. Nádor street
H-1051 Budapest
Hungary
CEO/chair Dr. Sándor Csányi
CEO
Supervisor
Magyar Nemzeti Bank
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
Commitments
Policies
Voluntary standards

OTP Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

ESG Policies
2023-01-01 00:00:00

Statement on the principal adverse impact of investment decisions on sustainability factors

Bank policy
2023-01-01 00:00:00 | OTP Bank
2022-10-31 00:00:00

Human rights statement

Bank policy
2022-10-31 00:00:00 | OTP Bank
2022-06-30 00:00:00

Sustainable Finance Framework

Bank policy
2022-06-30 00:00:00 | OTP Bank
2022-06-01 00:00:00

Environmental, Social and Governance approach

Bank policy
2022-06-01 00:00:00 | OTP Bank
2022-03-01 00:00:00

Green loan framework

Bank policy
2022-03-01 00:00:00 | OTP Bank
OTP Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Ukraine removes Hungarian OTP bank from sanctions list, hoping to get military aid unblocked

The National Agency for the Prevention of Corruption’s decision aims to break Hungary’s blockade of EU military aid for Ukraine, which is around $530 million.
2023-09-30 | Euromaidan Press
Blog
BankTrack news BankTrack blog Partner news Partner blog

A year and a half after Russia's invasion of Ukraine, Raiffeisen, UniCredit, and Citi profited the most among foreign banks in Russia

2023-08-07 | B4Ukraine
BankTrack news BankTrack blog Partner news Partner blog

EU banks in Russia: next in line for asset-grab?

2023-07-26 | Brussels, Belgium | EU Observer
BankTrack news BankTrack blog Partner news Partner blog

ECB's Enria wants euro zone banks out of Russia faster

2023-06-28 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Hungary blocks military aid to Ukraine over listing of Hungarian bank

2023-05-17 | The Seattle Times
BankTrack news BankTrack blog Partner news Partner blog

Hungarian bank classified as “international war sponsor”

2023-05-05 | Hungary Today
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
Resources
Documents
2023-06-19 00:00:00

Annual report 2022

Annual report
2023-06-19 00:00:00 | OTP Bank
2023-01-01 00:00:00

Statement on the principal adverse impact of investment decisions on sustainability factors

Bank policy
2023-01-01 00:00:00 | OTP Bank
2022-10-31 00:00:00

Human rights statement

Bank policy
2022-10-31 00:00:00 | OTP Bank
2022-06-30 00:00:00

Sustainable Finance Framework

Bank policy
2022-06-30 00:00:00 | OTP Bank
2022-06-01 00:00:00

Environmental, Social and Governance approach

Bank policy
2022-06-01 00:00:00 | OTP Bank
2022-05-01 00:00:00

CSR report 2021

Annual report
2022-05-01 00:00:00 | OTP Bank
2022-05-01 00:00:00

Annual report 2021

Annual report
2022-05-01 00:00:00 | OTP Bank
2022-03-01 00:00:00

Green loan framework

Bank policy
2022-03-01 00:00:00 | OTP Bank
2009-09-16 00:00:00

Code of Conduct for Banks

Bank document
2009-09-16 00:00:00 | Hungarian Financial Supervisory Authority
2007-06-05 00:00:00

Anti-Moneylaundering statement

Bank document
2007-06-05 00:00:00 | OTP Bank
Accountability
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 Putin's war in Ukraine

Banks and Putin's war 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.

Bank responses to Russia's invasion of Ukraine
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