Csányi fund buys more OTP shares on the cheap

Banking

Sándor Csányi

An investment fund of OTP Bank chairman-CEO Sándor Csányi bought over HUF 1.2 billion of OTP shares on Tuesday, as the share price recovered after dipping under HUF 10,000 on Monday, state news wire MTI reports, citing a disclosure posted on the website of the Budapest Stock Exchange.

Csányi's Sertorius Global Opportunities Fund bought 115,000 shares at an average price of HUF 10,770 per share.

A day earlier, the fund bought 100,000 shares at an average price of HUF 9,767 per share.

OTP shares traded over HUF 18,000 early in February, before the start of the war in Ukraine.

The lender has exposure in both Ukraine and Russia.

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