OTP chairman Sándor Csányi said the success of the lender and of the bourse were “inseparable”, noting that OTP accounted for around 60pc of share turnover, making it one of the most liquid shares in Europe.
Bourse CEO Tibor Tóth said the exchange’s transparency and investor requirements had contributed to OTP’s success. He added that the lender’s shares had great growth potential as well as the biggest market capitalisation and share market turnover.
Mihály Varga, the governor of the National Bank of Hungary, which owns the bourse, said household savings, with the right scale and structure, played a key role in maintaining the stability of the financial system and economic balance as well as supporting sustainable development.
He added that Hungarian households, with net financial assets equivalent to 114pc of GDP, could participate to an even greater degree in the companies listed on the bourse.
OTP’s share price averaged HUF 1,150 when it was listed in 1995.
Since then, the share price has risen by a factor of 270, adjusted for the impact of a ten-for-one stock split.
