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Dec 22, 2016

OTP Bank set for expansion in 2017

The bank is to announce a number of acquisitions and may enter a new market next year. It also announced that it is to acquire Croatia’s Splitska Banka from Societe Generale

OTP Bank is set for expansion and to rise to the next level in 2017, it has been reported.

The bank is to announce a number of acquisitions and may enter a new market next year, the lender’s chairman-CEO said in an interview published in Figyelő.

OTP Bank announced that it is to acquire Croatia’s Splitska Banka from Societe Generale. The acquisition will boost OTP’s market share in Croatia, where it has been present since 2005, to around 10 percent.

In addition to Hungary and Croatia, OTP has businesses in Russia, Ukraine, Bulgaria, Romania, Serbia, Slovakia and Montenegro.