OTP Bank

Baerbock vs. Szijjártó: Ended with conflict

As reported by Sputnik, the reason for the disagreements is OTP Bank and the blocking of aid to Ukraine.
According to the words of four diplomats, during the meeting of foreign ministers in Brussels on Monday, Germany and Hungary quarreled over the role of the Hungarian bank in the Ukrainian conflict, writes "Politico" analyst Jacopo Barigazzi.

New bank mergers follow: Serbia with four financial institutions less than last year

A few days ago, however, another purchase was announced, so when the merger of Raiffeisen and Credit Agricole Bank is completed, there will be one bank less.
Considering the announcements, there will be more such transactions in the coming months, Novosti writes.

Hungary’s OTP bank signs deal to acquire NKBM bank

Ljubljana – The Hungarian OTP Bank Group announced on Monday it had signed a contract to acquire the outright stake in NKBM, Slovenia’s second largest bank. The deal is expected to be finalised in the second quarter of next year as the acquirer is waiting approval from relevant regulatory authorities.

Report: OTP in talks to take over NKBM for EUR 1bn

Ljubljana – The Hungarian bank OTP is in talks with the private equity fund Apollo to take over Slovenia’s NKBM bank in a deal worth nearly EUR 1 billion, the press agency Reuters has reported, citing sources close to the matter. Both NKBM and Apollo, which owns 80% of the bank, declined to comment.

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