Ipoteka Bank Uzbekistan

Key details

• Parent: assets

Overview

Ipoteka Bank Uzbekistan is Uzbek commercial bank + OTP Bank Hungarian parent BIST: OTP Mar 4 2023 ~$324M acquisition of 96.8% controlling + one of Uzbekistan's largest commercial banks by assets + founded Apr 1991 in Tashkent Uzbekistan as Uzbek mortgage commercial bank [1, uz-cro].

History

Apr 1991 — Ipoteka Bank JSCMB founded in Tashkent Uzbekistan as Uzbek mortgage commercial bank post-Uzbek independence distinctive Uzbek banking heritage.

Mar 4 2023 — OTP Bank Hungarian parent BIST: OTP acquires 96.8% controlling stake in Ipoteka Bank for ~$324M distinctive Uzbek-Hungarian banking acquisition.

2014 — Ipoteka Mobile banking app launch.

Ownership & operator

Operating entity: Ipoteka Bank JSCMB (Uzbek commercial bank).

Major shareholders: OTP Bank Hungarian parent (BIST: OTP) ~96.8%+ controlling post-Mar 4 2023 ~$324M acquisition.

Regulators: Central Bank of Uzbekistan CBU + Magyar Nemzeti Bank MNB via OTP parent.

Technical integration

Ipoteka Mobile app (iOS + Android) + ipotekabank.uz online + Ipoteka Bank branch network across Uzbekistan + Ipoteka Visa + Mastercard + UZCARD + HUMO cards; UZCARD national card scheme + HUMO national card scheme + EMVCo QRCPS QR payments + Uzbek Som UZS domestic transfers.

Implementations & partners

Parent group: [[otp-bank]] (OTP Bank; BIST: OTP; Hungarian commercial bank; one of Central Europe's largest commercial banking groups).

Major Uzbek banking + payments competitors: [[nbu-uzbekistan]] (NBU National Bank of Uzbekistan) + [[asaka-bank]] (Asakabank Uzbekistan) + [[hamkorbank]] (Hamkorbank Uzbekistan) + [[kapitalbank-uz]] (Kapitalbank Uzbekistan) + uzcard (UZCARD; Uzbek national interbank payment processing system + card scheme) + [[humo-uz]] (HUMO Uzbekistan; Uzbek national interbank payment processing system + card scheme).

Regulators: Central Bank of Uzbekistan CBU + Magyar Nemzeti Bank MNB via OTP parent.

Status

Active, Uzbek commercial bank + OTP Bank Hungarian parent BIST:OTP Mar 4 2023 ~$324M acquisition of 96.8% controlling + one of Uzbekistan's largest commercial banks by assets + founded Apr 1991 in Tashkent Uzbekistan as Uzbek mortgage commercial bank [1, 2].

Sources

• 1 Ipoteka — official
• 2 Ipoteka — Wikipedia
• uz-cro In-corpus: reports/countries/UZ-uzbekistan.md

Source

Biography extracted from ipoteka-bank-uz.md. See matrix.md for standards-support matrix if present.