OTP could target units of weakened Greek banks

Tourism

Photo by Jessica Fejos

OTP Bank could look for acquisitions in countries where weakened Greek banks have units, deputy-CEO László Bencsik said today, fielding a question after the lender published its Q2 earnings report.

(Photo: Jessica Fejos)

OTP "plans to expand further" in those markets where Greek banks have a presence, Bencsik said, naming Bulgaria, Romania and Serbia as its target.

OTP Bank already has units in all three of these countries.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.