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OTP Bank mulls dual listing in Warsaw

Hungary's OTP Bank, eastern Europe's third largest lender, is considering a dual listing on the Warsaw stock exchange, a source close to the bourse said on Friday.

The Warsaw bourse said OTP Chief Executive Sándor Csányi and stock exchange head Ludwik Sobolewski will hold a joint news conference on Monday, but did not give further details.

OTP declined to comment. Its global depository receipts (GDRs) already trade in London and Luxembourg.

Budapest-listed OTP is valued at $11 billion, trailing Poland's two largest banks PKO and Pekao.

The fast growing Warsaw Stock Exchange already lists shares of several of the region's largest stocks, including Hungarian oil group MOL and Czech utility CEZ. (Reuters)