OTP Bank reviews potential full exit from Russian market

OTP Bank is reviewing its presence in Russia, a process that includes the possibility of a complete withdrawal from the market. The bank expects to reach a decision by the end of the year.

CEO Péter Csányi cited the group’s strategic interest in the Baltic market and the limited progress made in repatriating dividends from Russia over the past year as key factors in the review. The final decision aims to maximize long-term shareholder value and align with the group’s international expansion strategy.

In the first half of 2026, OTP Bank’s Russian operations reported an after-tax profit of 106.4 billion forints, a 2 percent decrease compared to the same period the previous year. Total revenue grew by 2 percent to 275 billion forints. While the group intends to reduce its exposure to Russia, it maintains that its priority is full compliance with laws and sanctions, focusing on less sensitive segments such as consumer lending.