Zoltán Balázs is the new Deputy General Manager and coordinator of the Credit and Risk Management division within OTP Bank Romania

Cristina Blanaru Business, Finances, People

With more than 20 years of experience in the banking sector, Zoltán Balázs has recently been appointed Deputy General Manager and coordinator of the Credit and Risk Management Division within OTP Bank Romania.

In its new capacity as Deputy CEO, Zoltán will foster the OTP Bank’s operation, thus contributing to the bank’s strong and sustainable growth mission.

Zoltán Balázs:

“Our focus is to provide stability in a difficult macroeconomic context, but also to continue the objectives assumed through the extensive transformation program, called Apollo. The new business vision and the new strategy based on organic development and growth for the next 4 years present opportunities, but also challenges. I am ready to take on this journey where I can offer my experience, and I have the support of a very strong team of professionals, within the Credit and Risk Management Division, in which I have great confidence”

Zoltán Balázs joined OTP Bank Romania at the beginning of this year, in the position of Management Consultant, and during this period the necessary procedures for the official approval of the National Bank of Romania were completed. Under its coordination, the Credit and Risk Management Division ensures financial stability and contributes to the prevention and control of risks.

He has a solid background in finance and banking and significant experience in various areas of banking, including corporate sales, risk management, workout and distressed portfolio management and expertise in financing and developing real estate projects. As an education background, Zoltán has an MBA Degree from Case Weser University specialized in Banking and Entrepreneurship. Prior to taking up his new position at OTP Bank, he held management roles in the banking industry, such as CEO of Erste Real Estate at Erste Bank Hungary or Executive Director of Risk at MKB Bank, and served as distressed asset advisor at BCR.

OTP Bank Romania, a subsidiary of OTP Group, is an integrated and self-financed provider of financial services. With an approach defined by responsibility, commitment and professionalism, OTP Bank Romania understands the needs of clients and the current context of the market and is a trusted partner in the provision of financial services. The bank ranks 9th in terms of assets in the ranking of banking players in Romania, as of December 2018.

OTP Group has more than 70 years of activity in the financial sector in Central and Eastern Europe, while the Romanian subsidiary has marked 16 years of presence in the local market. Promoting innovation, stable growth and integrated financial services, OTP Group has become a dominant player in the Central and Eastern European market and is considered an important banking group even on a European scale. The community of about 36 thousand employees serves nearly 19 million customers daily in 12 countries.