OTP Named Bank of the Year

The nineteenth edition of Hungary’s most prestigious banking sector competition, the 'Mastercard – Bank of the Year', has concluded. This year, the competition was revamped, with the nine award categories grouped into three main segments: in Daily Banking, OTP Bank delivered the most outstanding performance; in Innovation, K&H Bank took the lead; and in the Beyond Banking segment, Gránit Bank was recognized by the expert jury. The grand prize, Bank of the Year 2024, was awarded to OTP Bank.

As Gergely Márkus, Country Manager for Mastercard Hungary and Slovenia, was quozed in the statement issued about the event, "the Mastercard – Bank of the Year competition has a long tradition, and it is inspiring to see how the evolving sector has expanded the scope of recognition beyond core banking services. In addition to everyday financial services, we also evaluated solutions in areas such as cybersecurity, open banking, fintech collaborations, and CSR programs. Tackling increasingly complex challenges requires continuous innovation, and we see that the industry is making remarkable progress, even on the global stage. The entire ecosystem can be proud of these achievements—congratulations to everyone!"

Hungary’s financial and banking sector players competed in nine categories for recognition of their top services, products, solutions, campaigns, and programs. As per tradition, an esteemed panel of industry experts assessed the submissions.

OTP Bank won the Bank of the Year award, excelling in the Daily Banking segment, where it also secured first place in the Best Premium Banking Offer and Best Financial Solution for Young People categories. The Best Business Segment Program award in this segment was given to BUPA - MBH.

In the Innovation segment, K&H Bank emerged as the top performer, including a win in the Best Easy and Convenient Banking Experience category. The Best Cybersecurity Education Campaign award was granted to Gránit Bank.

The Beyond Banking segment was led by Gránit Bank, while UniCredit Bank received the award for Best CSR Initiative. The Best Fintech Collaboration category was won by BinX.

This year, a special award was also granted to the CyberShield program of the Hungarian Banking Association and the National Bank of Hungary.

The award ceremony took place on February 13 at the National Dance Theater.