OTP Bank closes Splitska Banka acquisition

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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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