The OTP Bank was founded in 1949. The headquarters are located in Budapest, Hungary. The bank operates through three division: Retail Banking, Commercial Banking and Private Banking. It is renowned in the car leasing business and investment funds. It is geographically located in Central Europe and has around 17 million clients in the area supported by around 1500 branches. In recent years it has acquired a number of banks in Central Europe. It operates in 8 countries through the following subsidiaries: DSK in Bulgaria, OTP Banka Hrvatska, OTP Bank Romania in Romania, OTP Banka Srbija in Serbia, OTP Banka Slovensko in Slowakia, CJSC OTP Bank in Ukraine, Crnogorska Komercijalna banka in Montenegro and OAO OTP Bank in Russia. The OTP group has approximately 36.000 employees.