OTP Bank buys 51,000 own shares

In Hungary

OTP Bank bought 51,059 own shares at an average price of HUF 2,995 on the Budapest Stock Exchange (BSE) on Friday, the bank said on the BSE website on Monday.

After the transaction, OTP Bank and its units had 4,651,063 treasury shares, with members of the group holding 2,073,560 treasury shares as of August 31, 2011. Treasury shares make up 1.66% of registered capital.

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

The stock fell 6.6% on Friday to close at HUF 2,798.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.