OTP Bank has become the sole owner of SGAL. With a market share of nearly 6%, SGAL is the fifth largest bank on the Albanian banking market, active as a universal bank in the retail and corporate segment as well.
With the acquisition of the Albanian bank, OTP Group is now present in ten countries in the Central and East European region, OTP noted.
OTP Bank reached an agreement with SocGen on purchasing its Albanian unit in August 2018.
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