Foreign Ownership in OTP Bank Close to 55%
Tupungato/Shutterstock.com
Foreign ownership in OTP Bank, Hungary's biggest commercial lender, rose close to 55% at the end of last year from around 51% at end-2022, an announcement posted on the website of the Budapest Stock Exchange on Monday shows.
Foreign institutions' ownership stake in OTP reached 54.45% at year-end, up from 50.05% twelve months earlier. Foreign individuals' stake in the lender slipped to 0.48% from 0.52% during the period.
Domestic institutions - including shares in employee stock ownership plans - held a 31.4% stake in OTP, edging down from 31.8% a year earlier.
Domestic individuals' stake in the bank fell to 13.41% from 17.45%.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
