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Foreign institutions’ voting stake in OTP falls to 62.5%

Analysis

Voting rights held by foreign institutions in OTP Bank dropped to 62.5% at the end of December from 71.9% at the end of September, fresh data published by the bank show.

Voting rights held by foreign individuals edged down to 1.2% from 1.3% during the period. Voting rights of domestic institutions rose to 17.5% from 14.3% and voting rights of domestic individuals increased to 13.1% from 10.3%.

OTP Bank said shares accounting for 1.7% of registered capital were treasury shares on December 31, up from 1.5% three months earlier.

Shareholders with stakes exceeding the 5% disclosure threshold were Medget, Timur and Ruslan Rahimkulov (8.89%), Hungarian oil and gas company MOL (8.57%), Groupama Group (8.31%) and Lazard Asset Management (5.04%), stock exchange data updated on September 30, 2011 show.

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