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OTP Bank buys 148,941 own shares

OTP Bank bought 148,941 own shares at an average price of HUF 3,098 on the Budapest Stock Exchange (BSE) on Thursday, the bank said on the BSE website on Friday.

After the transaction, OTP Bank and its units held 4,600,004 treasury shares or 1.64% of registered capital, with members of the group holding 2,073,560 as of August 31, 2011.

OTP began purchasing treasury shares more intensively after September 12 its share price started falling.

Trading in OTP shares had to be suspended on Thursday afternoon on the BSE, and the share finally closed down 10.86% at HUF 2,995, under the HUF 3,000 psychological barrier.