OTP Raises Capital at Uzbek Unit

Banking

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OTP Bank has raised capital at its Uzbek unit, Ipoteka Bank, boosting its stake in the lender to 79.58%, according to a report by state news wire MTI.

OTP announced the registration of the capital raise, to UZS 3,834,217,638,941 from UZS 2,989,584,338,941, on the website of the Budapest Stock Exchange on Friday.

OTP closed the acquisition of a 73.71% stake in Ipoteka Bank in June 2023.

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