Hungary
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BANKING

Hungary

Best Bank: OTP Bank
Best Debt House: BNP Paribas
Best Equity House: OTP Bank

Awards of Excellence
Central and Eastern Europe regional awards

OTP Bank


continues to be the dominant force in the Hungarian banking market thanks to its leading position in the retail banking sector where it has managed to maintain its number one position in the face of strong competition from an array of foreign-owned banks. The bank is also well regarded for its innovative product range in fields such as derivatives and electronic banking.

Sandor Csayi, president and CEO of OTP: the dominant bank and leading equities player

Sandor Csayi, president and CEO of OTP
OTP also confirmed its strong reputation in the international bond markets with a well-received €500 million upper tier 2 capital issue in October last year. Earlier in June it had become the first bank from an EU accession state to launch a benchmark covered bond, a €750 million five-year issue. BNP Paribas wins the best debt house award for its extensive track record of deals for Hungarian borrowers, spanning a €200 million PIK notes transaction for telco Invitel, a first for the region; a €500 million upper tier 2 capital deal for OTP Banka; and €500 million and €1 billion transactions for the Republic of Hungary.

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