OTP Bank plc announces Retirement of Antal Kovács as Deputy Chief Executive Officer, Head of the Retail Division and Internal Member of the Board of Directors
March 17, 2017 at 01:30 pm EDT
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OTP Bank plc announced that - in consideration of retirement - the employment relationship of Antal Kovács, Deputy Chief Executive Officer, head of the Retail Division and internal member of the Board of Directors, was terminated by mutual agreement on 17 March 2017. According to the Act on Credit Institutions and Financial Enterprises, the internal membership of the Board of Directors was terminated at the time his employment was terminated. The bank simultaneously announced that Antal Kovács and OTP Bank Plc. concluded an employment contract for an indefinite duration from 20 March 2017 and based thereon Antal Kovács as a head of division and as of the date of delivery of the permission of National Bank of Hungary as the Deputy Chief Executive Officer (according to the Act on Credit Institutions and Financial Enterprises as managing director) will be the head of the Retail Division.
OTP Bank Nyrt is a Hungary-based commercial bank. The Bankâs operations are structured into three business segments: Retail, Corporate and Private banking. The Retail banking segment is involved in account management, bankcards and electronic services through telephone, mobile phone and Internet. The Corporate banking segment offers account-keeping services, financing, investments and electronic services for medium-sized and large companies. The private banking segment offers Hungarian Forint and foreign currencies account management, investment and fund management and loan facilities. The Bankâs specialized services, including car leasing, investment funds and insurance are developed and offered by the Bank's subsidiaries, including OTP Fund Management Ltd, OTP Life Annuity Ltd, OTP Travel Ltd, OTP Mortgage Bank and OTP Factoring Ltd, among others.
OTP Bank plc announces Retirement of Antal Kovács as Deputy Chief Executive Officer, Head of the Retail Division and Internal Member of the Board of Directors