The MNB's resolution mandates ATM installation and operation by OTP Bank in designated municipalities, directly regulating cash access infrastructure and withdrawal services.
The resolution constitutes a regulatory directive to a named bank regarding payment infrastructure obligations, though it does not allege a breach of payments regulations.
Specialism
The MNB's directive to OTP Bank to install ATMs in designated municipalities is a supervisory order with enforcement consequences, but the content focuses on infrastructure deployment rather than core payment compliance regulation.
The resolution includes a warning of potential fines for non-compliance, but no actual enforcement action has been taken yet; the threat of future penalties under the MNB Act places this partially in enforcement territory, though the primary focus remains supervisory oversight.
2026-04-09 10:47:16·tojuri@vixio.com
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TITLE: Hungary's Central Bank Orders OTP Bank to Install Automated Teller Machines in Designated Municipalities
BODY:
On March 25, 2026, the Magyar Nemzeti Bank (MNB) issued Resolution H-KPL-I-3/2026 requiring OTP Bank Nyrt. to install and operate automated teller machines (ATMs) in compliance with the Automated Banknote Dispensers Act 2025 (ATMtv.).
The MNB directed OTP Bank to fulfil its obligations under MNB Regulation 19/2025 (VI. 26.) regarding ATM installation and operation in municipalities with populations exceeding 1,000 residents. The bank must install ATMs in the specific municipalities and by the deadlines specified in Annex 1 of the resolution. The regulation establishes detailed rules for ATM installation criteria and the allocation of costs and burdens among payment service providers.
The MNB also called upon OTP Bank to ensure full compliance with statutory requirements and MNB regulatory decisions regarding cash machine network operations and to demonstrate lawful conduct in future.
The resolution warns that failure to meet the installation deadline will result in further enforcement action by the MNB under Section 75 of the MNB Act 2013 and Section 2(5) of the ATMtv., including fines ranging from HUF2,000,000 to HUF200,000,000. No procedural costs were incurred during the proceedings.
The resolution was issued by Péter Benő Banai, MNB Deputy Governor responsible for analysis, payments, and central banking programmes.