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OTP eyes Serbia?s Niska Banka

OTP Bank Rt submitted a statement of intent to purchase a 99.89% stake in Serbia?s Niska Banka a.d. The privatization announcement was published by an agency acting for the Serbian government in January. The statement of intent is not a financial commitment, and OTP has no information yet as to how it was received. In mid-2004 Niska Banka had Euro 49 total assets and its book value was Euro 20 million. The Serbian bank has 24 branches and approximately 80,000 clients.