OTP Bank closes Splitska Banka acquisition
OTP Bank yesterday announced the close of its acquisition of Croatiaʼs Splitska Banka from Franceʼs Societe Generale, Hungarian news agency MTI reported.
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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