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OTP Bank says under no pressure to sell

OTP Bank said in a statement - following a report it put its Ukrainian unit up for sale but there were no takers - that it continuously monitors opportunities for transactions, but is under no pressure to sell.

OTP Bank said it seeks to sell group members only if it can increase long-term profitability and shareholder value. The bank will continue its practice of making only those transactions that increase shareholder value and strengthen investor confidence, it added.

The report of the attempted sale of the Ukrainian unit, by online business news source, did not name its sources but cited “rumors.” (MTI – Econews)