OTP Bank Nyrt. (OTPGF) Q1 2025 Earnings Call Transcript

2025-05-09 16:53:20 ET

OTP Bank Nyrt. (OTPGF)

Q1 2025 Earnings Conference Call

May 09, 2025 9:00 AM ET

Company Participants

László Bencsik – Chief Strategic and Financial Officer, Deputy Chief Executive Officer-Strategy and Finance Division

Péter Csányi – Chief Executive Officer

Conference Call Participants

Máté Nemes – UBS

Gabor Kemeny – Autonomous Research

Gábor Bukta – Concorde Securities

Simon Nellis – Citigroup

Valentina Stoykova – Barclays

Nik Dimitrov – Morgan Stanley Investor Management

Presentation

László Bencsik

Good morning or good afternoon depending on where you are. I am László Bencsik speaking and welcome you on OTP Bank Group's 2025 First Quarter Results Conference Call Presentation and Q&A. I'd like to mention, first of all, that this conference and the whole session will be recorded. So in case you intend to speak, please take that into consideration.

First of all, I have the honor and the privilege to introduce Mr. Péter Csányi, who is our new Chief Executive Officer. Péter is not at all new to the organization. He joined OTP Hungary in 2016, so nine years ago. First, he was the Managing Director responsible for digital sales and digital development in general and then became the Head of the Omnichannel Tribe and the Head of the Daily Banking Tribe.

And then in 2021, he became the Head of the Digital division and Deputy CEO and also a member of the Board of Directors of The Group. And he also for the last two years, he has been Chairman of the newly created executive steering committee, which technically served as the kind of operative de facto operational leadership committee of the – or leading committee of the group. So he has been practically in this current role for two years now, therefore, he is very well known and very, very respected within the organization professionally and personally as well. Everyone I know has been quite happy to welcome him in this new position.

Before joining OTP, he has had a long and successful carrier as a management consultant and as an investment banker at McKinsey & Company, serving financial institutions primarily in the Central Eastern European region and also in Deutsche Bank and Merrill Lynch in the city of London as an investment banker. He has the background in economics and management. He has an MBA from Kellogg School of Management, master's degree and financial management from Instituto de Empresa and a Bachelor in Economics from City University London.

I strongly believe that with Péter as CEO and Mr. Sándor Csányi as continuing in the executive – in the kind of Executive Chairman position, it is fully assured that we can continue on the successful path that we have what OTP Group has achieved during the last 33 years pretty much, but also creates an opportunity to renew and further improve whatever we do....

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