TASHKENT, Uzbekistan, March 7. Hungary’s OTP
Bank discussed plans to launch a new mobile banking platform in
Uzbekistan, Trend
reports via the Ministry of Investment, Industry and Trade of
Uzbekistan.
The issue was reviewed during a meeting between Uzbekistan’s
Minister of Investment, Industry and Trade Laziz Kudratov and
László Wolf, Deputy CEO and Member of the Board of OTP Bank.
According to the bank, the new platform is aimed at expanding
digital banking services in Uzbekistan and improving customer
convenience through modern mobile solutions.
During the talks, the parties also discussed OTP Group’s plans
for the further implementation of the privatization project of
Ipoteka-bank, which was acquired by the Hungarian banking group as
part of Uzbekistan’s banking sector reform program.
Particular attention was given to the implementation of a
poultry cluster project in the Syrdarya region. It was noted that
the project is expected to strengthen food security, develop modern
agro-industrial infrastructure, and create efficient agricultural
value chains.
Following the meeting, the sides confirmed their mutual interest
in expanding investment cooperation and implementing new joint
projects in Uzbekistan.
OTP Group is a banking and financial group headquartered in
Hungary. The group operates 1,656 branches, serves more than 17
million clients, and employs around 41,000 people. Its total assets
amount to 102 billion euros, with a market capitalization of about
12.4 billion euros and a return on equity of 9.8%.
In December 2022, OTP Bank signed an agreement in Tashkent to
acquire 100% of shares of Ipoteka-bank from the Ministry of Finance
of Uzbekistan, which owned 97% of the bank’s total share
package.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
