ADVERTISEMENT

OTP Bank buys 148,941 own shares

In Hungary

OTP Bank bought 148,941 own shares at an average price of HUF 3,098 on the Budapest Stock Exchange (BSE) on Thursday, the bank said on the BSE website on Friday.

After the transaction, OTP Bank and its units held 4,600,004 treasury shares or 1.64% of registered capital, with members of the group holding 2,073,560 as of August 31, 2011.

OTP began purchasing treasury shares more intensively after September 12 its share price started falling.

Trading in OTP shares had to be suspended on Thursday afternoon on the BSE, and the share finally closed down 10.86% at HUF 2,995, under the HUF 3,000 psychological barrier.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.