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OTP to Renew Historic Former HQ in Budapest

• 16 Jan 2024 7:21 AM
• Hungary Around the Clock

OTP will renovate the historic building at Nádor utca 21 in the Fifth District in Budapest, its former headquarters, the bank announced.

The architecture firm Paulinyi & Partners designed the renovation of the Art Nouveau office and residential building built in 1910-15 for Ugriai-Fasici Fabank, one of the largest timber companies in Hungary at the time.

The courtyard will be covered by a glass roof and community space will also be established.

In a separate statement released on the stock exchange website on Monday, OTP revealed its present ownership structure.

The bank owns 0.2% of its own shares, foreign legal entities own 54.56%, domestic legal entities 31.46%, domestic persons 13.44%, foreign persons 0.48% and the state 0.05%.

The share of other owners amounts to 0.01%.

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Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

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