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Hungary

OTP BankSándor Csányi, CEO
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1. What makes your country attractive to investors?

Apart from its favourable geographical location and well-integrated modernised economy, it is the innovative skills of its people that make Hungary an appealing target for investors.

2. What are the economic prospects for your country over the next three to five years?

After the successful EU accession in 2004, the country has to make efforts to position itself the best for joining the EMU; that means maintaining balanced growth and accomplishing the necessary structural reforms.

3. How do you foresee the financial sector in your country changing?

While strengthening its competitive edge, the sector will inevitably go through further consolidation, at the same time offering the widest range of products. Banking penetration should reach the average level of Western Europe.

4. What role will your bank play in your country’s future development?

Maintaining its dominance in Hungary, OTP should further strengthen its position as a fully fledged financial servicing group, efficiently allocating sources to the real economy. Its unique experience gained over the previous 50 years positions the bank to be a reliable partner for all sectors of the economy.

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Read more about:  Central & Eastern Europe , Hungary