Foreign Ownership in OTP Bank Falls to Around 51%
Image by Adriana Iacob / Shutterstock.com
Foreign ownership in OTP Bank, Hungary's biggest commercial lender, fell to around 51% at the end of last year from about 67% at end-2021, an announcement posted on the website of the Budapest Stock Exchange on Friday shows.
Foreign institutions' ownership stake in OTP reached 50.05% at year-end, down from 66.73% a year earlier. Foreign individuals' stake in the lender rose to 0.52% from 0.11% during the period.
Domestic institutions - including shares in employee stock ownership plans - held a 31.8% stake in OTP, up from 26.66% a year earlier.
Domestic individuals' stake in the bank rose to 17.45% from 5.27%.
Agriculture Ministry Committed to Sustainable Viticulture
Hungary Condemns Iranian Attack on Israel
Wizz Air's 1st Flight to Istanbul Takes off From Debrecen
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
