Uzbekistan and OTP Group Review Plans for Digital Banking Development and Agricultural Projects

Tashkent, Uzbekistan (UzDaily.com) — On March 6, Uzbekistan’s Minister of Investments, Industry and Trade, Laziz Kudratov, held a meeting with László Wolf, Member of the Board and Deputy CEO of OTP Bank, to discuss prospects for further investment cooperation.

OTP Group is one of Hungary’s leading banking and financial groups. The group operates 1,656 branches, serves around 17 million clients, and employs about 41,000 people. OTP Group’s assets are estimated at €102 billion, with a market capitalization of €12.4 billion and a return on equity of 9.8%.

During the talks, the parties discussed OTP Group’s plans for further implementation of the privatization project of Ipoteka-Bank. The company also announced its intention to launch a new mobile banking platform aimed at expanding digital services and improving customer convenience.

Special attention was given to the project to establish a poultry cluster in the Syrdarya Region. It was noted that the initiative will help strengthen food security, develop modern agro-industrial infrastructure, and create efficient agricultural value chains.

Following the meeting, the parties confirmed their mutual interest in further expanding investment cooperation between Uzbekistan and OTP Group and implementing new joint projects.