Hungarian OTP Bank Expresses Interest in Operating in Mongolia
Economy
Ulaanbaatar, February 5, 2026
/MONTSAME/. Speaker of Parliament Uchral Nyam-Osor and Governor of the Bank
of Mongolia Narantsogt Sanjaa held an online meeting with representatives of
the Hungarian commercial bank OTP on February 4, 2026.
During the meeting, OTP Bank expressed
its interest in operating in the Mongolian banking sector if the Banking Law of
Mongolia is revised to reflect current demands, and the regulatory environment for
investment is clarified. Specifically, the Hungarian bank’s side stated that with
the condition that certain legal revisions are adopted regarding per-investor limitations,
overgeneralized regulations, and policy risks, strategic investment is fully
possible.
Furthermore, the bank presented
its international operations, investment strategies, market valuations, and financial
products and services. The 75-year-old OTP Bank, listed on the stock exchange,
is the largest commercial bank in Hungary, operating through 1,206 branches in
11 countries in Central and Eastern Europe. By the end of the third quarter of 2025, the
bank’s total equity stood at USD 115.2 billion, whereas the total loan
portfolio was worth USD 60 billion. As for the structure, international
investment funds own 55 percent of the total shares, whereas the remaining 45
percent is held by domestic investors.
Speaker Uchral noted that to ensure sustainable economic growth, the legal reform proposed by the parliament prioritizes limiting excessive state intervention and expanding the private sector. Emphasizing his support for intensifying the banking sector reform and the entry of foreign investors into the domestic market, the Speaker received the OTP Bank’s proposal positively. In addition, Speaker Uchral stated that the revisions to the Banking Law will be discussed at the spring session of parliament, and that significant focus will be paid to refining the relevant legal environment.
