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Gazprombank eyes OTP unit in Serbia – paper

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Russia’s Gazprombank is interested in buying the Serbian unit of Hungary’s OTP Bank, Austrian daily Wirtschaftsblatt reported on Tuesday, citing sources in Serbia.

OTP Bank deputy-CEO László Urbán said in August that the bank would sell its units in Serbia and Slovakia -- if it can get a good price -- to finance further developments and to use for growth when the global credit crisis end.

According to Wirtschaftsblatt wrote that another, smaller Russian bank is also interested in OTP Serbia. OTP Serbia could fetch between €200 million and €300 million, the paper wrote citing Serbian bank industry insiders. (MTI-Econews)

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