Banks and Non Banks
OTP Bank is a Russian universal bank and part of OTP Group. It provides banking products and services to individuals and corporate customers, with a focus that includes consumer lending, cards, deposits, accounts, digital banking and payments. The Bank of Russia records it as a bank with a universal licence, registered in 1994 and headquartered in Moscow. Its business services include settlement and cash management, working-capital lending, factoring, guarantees, letters of credit and merchant acquiring, according to a Russian banking-services overview. OTP Group has stated that its Russian subsidiary stopped corporate lending and that the group does not finance the subsidiary; international payments are subject to sanctions screening and applicable law.
