Support Program for Firms Going Public

A joint program of OTP Bank and the Budapest Stock Exchange (BSE) will provide dedicated training and events to support Hungarian companies preparing for listing on the stock exchange, the two institutions said in a joint statement on Monday.

According to the information, those interested in the joint program of OTP Bank and BSE can apply for non-refundable support, so companies that are really determined to enter the capital market can receive up to HUF 10 million in assistance.

As part of the cooperation, OTP Bank is raising awareness of the program through several channels. A series of events called the OTP-BÉT Corporate Compass will be held for interested companies, including information sessions and special educational events, where they can learn about the advantages and potential pitfalls of going public and the path to this goal, the press release said.

Under the OTP-BÉT Road to the Stock Exchange public tender, non-refundable grants are available to companies that start preparing for listing and commit to going public by the end of 2025. The steps of the HUF 40 million tender are available on the OTP Bank website, they said.

László Wolf, Deputy CEO of OTP Bank, said at the signing of the cooperation agreement that they are confident that the cooperation with BSE and the tender for companies preparing for listing will help them to find and mobilize companies that are really ready for listing.

Richárd Végh, CEO of the Budapest Stock Exchange, stressed in the statement that the cooperation is key to encouraging companies to go public, as OTP Bank is not only a giant commercial bank, but also an investment service provider and capital market player, and as the largest blue-chip issuer in Hungary, it has the deepest possible knowledge of the stock market.