OTP Group: Gyula Fatér is appointed CEO of OTP Bank România 

Business, Finances, People

OTP Group, one of the largest independent financial groups in Central and Eastern Europe, announces the appointment of Gyula Fatér, executive with more than 27 years of experience in banking, as CEO of OTP Bank Romania, starting 13th of June.

Gyula Fatér is a professional with over 27 years of international banking experience, who has successfully led from start-ups to top Central and Eastern European banks. Between 1992 and 2000, he was CEO of Europool Investment Fund Management, and in 2000 he joined the Budapest Bank Group as CEO of Budapest Fund Management, which he held until 2014. Between 2006 and 2009 Gyula Fatér was also a regional wealth management leader at GE Money Bank, responsible for the regional oversight of eight countries, and since 2009 he worked in the retail banking management at Budapest Bank. He served more than 10 years in the management board of Budapest Bank. Over the past 4 years, he was Head of Consumer within the same bank.

I would like to first say that I have found here a dedicated team of formidable professionals, who contributed to a solid evolution of the bank. I am taking over the management of a competitive business that climbed in the top 10 banks in Romania in 2018. At the same time, I am happy with the opportunity OTP Group has offered me, Romania being a market with great potential, which we will make the most of. We will continue our path to maximize our business pillars through development of new competitive retail projects and accelerating the digitalization of processes

Gyula Fatér,

OTP Bank Romania.

While OTP Bank Romania celebrates 15 years on the local market, and OTP Group counts 70 years of activity on the banking market, Gyula Fatér begins his mandate with focus on the goal of accelerating the bank’s growth, further strengthening the group’s market position in the country and in the region as well.

As mentioned, OTP Bank Romania recorded a sustainable development throughout 2018, with organic increases in key indicators, from performing loans to the equity ratio, and immediate liquidity. Thus, last year the Bank ranked 9th the local banking market, considering assets, with a market share of 2,46% in December 2018, according to the report issued by NBR at the end of the year.

OTP Bank Romania, subsidiary of OTP Group, is an integrated and self-funded provider of financial services. With an approach based on responsibility, commitment and professionalism, OTP Bank Romania understands its clients’ needs and the current market context, being a reliable partner in the area of financial services. The bank ranks 9th by assets in the top of Romanian banking players, as of December 2018.

OTP Group celebrates in 2019 70 years of existence, while the Romanian subsidiary marks 15 years of presence on the local market. By today, OTP Group has grown into a dominant player in the Central-Eastern Europe market and is regarded as a major banking group even on European scale. The community of around 36 thousand OTP staff serves over 18.5 million customers in 9 countries on a daily basis.