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OTP Bank close to buying Romanian network of Portugal's Millennium Bank

Pharma

Hungary's OTP Bank is in the final stages of talks regarding the purchase of the Romanian network of Portugal's Millennium Bank, the Romanian business daily Ziarul Financiar reported today.

OTP Bank Romania CEO Lászlo Diósi told Hungarian news agenc MTI that he could neither deny nor confirm the report.

Ziarul Financiar said that OTP's share of Romania's banking market would climb to 2% from the current 1.3% if the transaction is completed.

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