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PSzÁF calls new tender to outsource auditing of non-EU OTP units

Hungarian financial market regulator PSzÁF has invited a new public procurement procedure to audit units of OTP Bank in non-EU countries after receiving just one valid bid in the previous tender, called in April, the fresh issue of the Public Procurement Gazette shows.

An earlier tender, called in October, was also declared unsuccessful after attracting just one invalid offer. At least two bids must be received for the tender to be valid.

The winner will have to carry out the Hungarian regulator's audit of OTP Bank units in Russia, Croatia, Montenegro, Serbia and in Ukraine. The bank also has units in Bulgaria, Slovakia and Romania.

The estimated value of the contract is HUF 160 million. (MTI – Econews)