On the day of the bank’s merger, making OTP Albania a dominant factor in the Albanian banking market which is a meaningful moment for our bank, the extraordinary news that OTP Bank Albania has been recognized by ‘The Banker’ as “Bank of the year 2022” was also added.
The years 2021 and 2022 are being described as the years with the most impressive and significant events for our Bank OTP Albania and this award is dedicated to our colleagues, our loyal customers and the permanent support of OTP Group!
There is no greater satisfaction for any of us that the work, achievements, quality and effort are recognized by such influential entities in the international Financial & Banking environment. This assessment that comes to us today really has a special meaning!
According to #TheBanker, “The winner of the Albania country award for 2022, OTP Bank Albania, has exemplified the drive to grow and develop. The bank saw its Tier 1 capital, as well as total assets, grow by 19% in 2021, with annual net profits up from 8% in 2020 to 26% in 2021. The bank also had the highest return on equity in the Albanian banking sector, at 18.5%.
Earlier this year, OTP Group completed the acquisition of Alpha Bank Albania, with the Albanian operation of OTP Group now set to become the fifth-largest bank in the country in terms of total assets and the third-largest in terms of customer loans. It is an exciting time for the bank, with the coming period set to see OTP Bank Albania push forward with the integration process, while also continuing the momentum of the past few years.
Since our last awards, OTP Albania has launched its first batch of online banking upgrades, providing a more advanced online platform for both business and individual customers. A second batch is in the works, which will expand the number of digital offerings, including QR Code invoice payments, digital signature and card management.
At the end of 2021, OTP Albania also became the first and, so far, only bank in Albania to introduce automatic services for foreign exchange transactions. The bank has now begun implementing another important project — a loan origination tool that will enable loan flow management, end-to-end, in a digital environment, and has also launched strategies related to the agriculture segment and home purchase loans.
As another marker of its growing importance in the country, OTP Bank Albania was also chosen as the joint lead manager for Albania’s recent 10-year eurobond issuance.”
#OTPBankAlbania #MeantForGreatness #OTPGroup