Sandro Rtveladze Concludes His Tenure as Chairman of the Management Board of Ipoteka bank OTP Group

Sandro Rtveladze concludes his work at Ipoteka bank OTP Group following a two-year transformation of the bank

Effective July 1, 2026, Sandro Rtveladze will conclude his tenure as Chairman of the Management Board of Ipoteka bank OTP Group. Over the past two years, the bank has undergone a large-scale transformation following its acquisition by OTP Group. The transaction marked the first privatization of a state-owned bank in Uzbekistan and opened the way for a major European banking group to enter the country’s market.

At the time of Sandro Rtveladze’s appointment, Ipoteka bank primarily operated as a state financial institution with a high concentration of mortgage assets. During his leadership, key processes were restructured, capital was strengthened, asset quality improved, and the bank’s profitability was restored. These changes enabled the creation of a sustainable business model and aligned the bank with OTP Group standards in risk management, efficiency, and profitability.

During this period, a strong management team was also established, along with an operating model that provides the foundation for the bank’s дальнейший устойчивый рост.

Laszlo Wolf, Chairman of the Supervisory Board of Ipoteka bank OTP Group and Deputy CEO of OTP Group, commented:

“Sandro successfully carried out a comprehensive transformation of Ipoteka bank within just two years, aligning the bank with OTP Group standards and building a strong management team for its future development. On behalf of the Supervisory Board and OTP Group, I would like to express my gratitude for his leadership, professionalism, and dedication, and wish him continued success in the future”

Commenting on the conclusion of his work at the bank, Sandro Rtveladze said:

“I am grateful to the leadership of OTP Group for their trust and the opportunity to lead the bank during this important period, as well as to my team at Ipoteka bank OTP Group for their outstanding work. Everything achieved during this time has been the result of collective teamwork, and it is the team that will continue driving the bank’s future development”