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Hungarian exec Andras Hamori named chairman of OTP Banka

Maribor, 21 November (STA) - The supervisory board of OTP Banka has selected Andras Hamori as the new chairman of the bank, which emerged this year with the merger of NKBM and SKB Bank and is part of the Hungarian banking group OTP. Hamori will succeed John Denhof, whose term expires at the end of the year. He will expectedly join the bank in May 2025.


Before he receives regulatory clearance, Hamori will act as procurator, the bank said in a press release on Thursday.

The bank also said that the supervisory board will soon decide on a temporary management structure for the period before Hamori takes over as chairman.

"With his extensive international experience in customer-focused business development and operations, Andras will take over the leadership of the bank when John Denhof's term expires at the end of this year, following the ECB's approval," chief supervisor Imre Bertalan was quoted as saying.

Bertalan also said that OTP Banka Slovenija will be one of the largest and most important members of the OTP group.

The supervisory board expects Hamori to further strengthen OTP Banka's customer-oriented business as he continues to accelerate its digitalisation.

Hamori said that OTP Banka has a strong position on the Slovenian market and strong foundations. He pledged to build on this foundation while putting the customers at the core of everything the bank does.

OTP Banka described Hamori as a business development and results-oriented manager with extensive experience in digital transformation in international markets.

He holds a master's degree in economics from the University of Budapest and has most recently been head of retail banking at ING Bank Australia.

Prior to that he was a board member and CEO of ING Austria, Sberbank Europe, ZUNO Bank, Raiffeisen Bank International, and GE Money.

He will succeed Denhof, who Bertalan said had transformed the now former NKBM from a local bank to a market leader over the past eight years.

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