trending Market Intelligence /marketintelligence/en/news-insights/trending/WSFLdbMDFf9rJdO127RDkA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

OTP Bank eyes more acquisitions in Slovenia, CEO says

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


OTP Bank eyes more acquisitions in Slovenia, CEO says

OTP Bank Nyrt. CEO and Chairman Sándor Csányi said the Hungarian lender is considering purchasing more banks in Slovenia following its recent acquisition of Société Générale SA's Slovenian subsidiaries, Reuters reported.

Csányi, who was speaking at a news conference in Ljubljana, said OTP Bank is looking to increase its market share in Slovenia to about 25% to 30% from 9% in terms of balance sheet assets over the medium term, thus allowing it to run its business more efficiently.

The Hungarian bank also plans to expand into new countries, potentially beyond Europe, and is evaluating some Asian countries, the executive added.

Meanwhile, Csányi noted that the lender is seeking to withdraw from the Slovakian market before spring, as it has not been able to increase its market share in the country to above 3% over the past years.