Foreign Ownership in OTP Bank Falls to Around 51%
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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%.
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