Why a Hungarian Bank’s Expansion into Uzbekistan Matters

Why a Hungarian Bank’s Expansion into Uzbekistan Matters

On 15 May 2026, Uzbekistan’s Ipoteka Bank reported stellar results for the first quarter of the year. Profits were up 34 per cent year-on-year. With a 29 per cent return on equity, the bank was also the most profitable of any in the country. It also achieved the fastest increase in earnings of any operations within the larger corporate entity of which it is part—Hungary’s OTP Group (OTP). This is obviously good news for OTP, which purchased a 75…