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OTP Bank and Erste Bank Group listed among Europe’s Top 50 banks by S&P Global Market Intelligence

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Hungary’s OTP Bank and Austria’s Erste Bank Group have been featured on the list of the 50 most successful European banks published by S&P Global Market Intelligence.

OTP Group, which operates the Montenegrin Commercial Bank (CKB), is ranked first among European banks on this prestigious list, while Erste Bank Group holds the 23rd spot.

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According to S&P Global Market Intelligence, OTP Group’s performance last year was supported by “particularly strong credit margins driven by higher interest rates.”

Poland’s top banks, PKO Bank Polski and Bank Polska Kasa Opieki, claimed the second spot on the list.

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“High interest margins and robust non-interest income contributed to the profitability of these three Central European banks, propelling them to the top of the performance rankings,” stated David Hayes, Manager at Global Financial Institute Research.

France’s leading banks, BNP Paribas, Crédit Agricole, and Société Générale, secured the lowest positions on the list due to their lagging performance compared to European competitors.

S&P Global Market Intelligence ranked the 50 largest European banks based on assets and various weighted financial indicators, including return on average equity, net interest margin, cost-to-income ratio, non-performing loans ratio, and net stable funding ratio.

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