Hungary's OTP wants to buy another bank

Hungary's OTP Group is interested in acquiring Addiko Bank Croatia, Zagreb's Jutarnji List daily reported Monday.

Source: Tanjug
(EPA, file)
(EPA, file)

Addiko Bank emerged from the bankrupt Austrian Hypo Alpe Adria bank, whose Balkan network of branch offices was sold to the Advent investment group and the European Bank for Reconstruction and Development in 2014.Quoting reports by business

Quoting reports by business media, based on unofficial sources, the paper said Advent had last September launched preparations to sell the Vienna-based Addiko Bank.

In a statement to Jutarnji List, the OTP Bank declined to comment on rumours about acquisitions, Hina reported.


"Great powers focused on Western Balkans"

"Great" powers want to deal with the Western Balkans now, according to a South East Europe expert from the University of Graz.

Region Monday, April 29, 2019 14:50 Comments: 10
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