Ipoteka Bank OTP Group

Since June 13, 2023, Ipoteka Bank became part of the international OTP Group, a Hungarian banking group, which acquired a controlling stake of approximately 73–75%, with plans to buy out the remaining shares over the next three years. 

The bank ranks fifth in terms of total assets among banks in Uzbekistan (around 7–8%) and serves over 1.5 million retail clients through 39 branches and more than 200 service points. 

 

Key achievements and directions:

-Banking transformation: After joining OTP Group, the bank has developed into a universal bank with a focus on digital services, retail, and SME banking. 

-Access to international financial markets: In October 2025, the bank issued Eurobonds in USD and UZS-equivalent, reflecting strong investor confidence in the bank and Uzbekistan’s market. 

 

Contribution to Uzbekistan’s economy:

Ipoteka Bank strengthens the national banking system by implementing international management and corporate governance standards, expanding financial access for retail and small business clients, supporting mortgage lending, and modernizing banking services.