Hungary’s OTP Bank CEO Seeks More M&A After Profit Boost
- OTP looks to buy lenders in markets where it’s present: Csanyi
- OTP’s expansion helped push assets to more than €100 billion
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Hungary’s largest lender has money to spend after a profit surge and plans to plow ahead with an acquisition spree that has turned it into a regional force, OTP BanK Nyrt. Chairman and Chief Executive Officer Sandor Csanyi said.
“We have to have further plans outside of Hungary, because Hungary is a small market,” Csanyi said in an interview in Budapest on Wednesday. “If there’s a bank for sale in a country where we have a presence, then we’re interested.”