OTP Bank closes Splitska Banka acquisition
LaMography/Moni Lazar
OTP Bank yesterday announced the close of its acquisition of Croatiaʼs Splitska Banka from Franceʼs Societe Generale, Hungarian news agency MTI reported.
(LaMography/Moni Lazar)
OTP announced the transaction late last year.
Splitska Banka is the fifth-biggest bank in Croatia. As a result of the acquisition, OTPʼs market share in the country will rise to about 10%.
OTP has been present in Croatia since 2005. It expects to integrate Splitska Banka with its present business, OTP banka Hrvatska, by the summer of 2018.
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