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OTP Bank buys 51,000 own shares

OTP Bank bought 51,059 own shares at an average price of HUF 2,995 on the Budapest Stock Exchange (BSE) on Friday, the bank said on the BSE website on Monday.

After the transaction, OTP Bank and its units had 4,651,063 treasury shares, with members of the group holding 2,073,560 treasury shares as of August 31, 2011. Treasury shares make up 1.66% of registered capital.

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

The stock fell 6.6% on Friday to close at HUF 2,798.