Foreign Ownership in OTP Bank Close to 55%

Banking

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Foreign ownership in OTP Bank, Hungary's biggest commercial lender, rose close to 55% at the end of last year from around 51% at end-2022, an announcement posted on the website of the Budapest Stock Exchange on Monday shows.

Foreign institutions' ownership stake in OTP reached 54.45% at year-end, up from 50.05% twelve months earlier. Foreign individuals' stake in the lender slipped to 0.48% from 0.52% during the period.

Domestic institutions - including shares in employee stock ownership plans - held a 31.4% stake in OTP, edging down from 31.8% a year earlier.

Domestic individuals' stake in the bank fell to 13.41% from 17.45%.

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