The OTP Group continues to expand in Albania
OTP Bank has successfully closed the purchase of Alpha Bank Albania, thereby further expanding the OTP Group in Albania, OTP announced on the website of the Budapest Stock Exchange on Monday.
According to the announcement, with the purchase of Alpha Bank Albania, OTP Bank will become the fifth largest local market player in terms of total assets, and the third largest based on customer loans.
The integration process of the two Albanian subsidiary banks – OTP Bank Albania and Alpha Bank Albania – is planned to last until 2023, they added.
Related news
Yield expectations in major maize producing member countries are falling
The International Grains Council (IGC) projects a global maize harvest…
Read more >OTP Bank was the first to introduce DÁP identification in the Hungarian banking sector
OTP Bank is the first among Hungarian banks to integrate…
Read more >Banks have introduced new measures to increase cybersecurity
Hungarian financial institutions, OTP and K&H Bank, would strengthen the…
Read more >Related news
The economic sentiment index deteriorated in the EU and the euro area in August, but improved in Hungary
The economic sentiment index in the euro area and the…
Read more >GVH: at least 70 out of every 100 forints spent goes to multinationals
Multinational retail chains dominate the Hungarian FMCG market with a…
Read more >Joint strength: Arnold Schwarzenegger and Ralf Moeller star together in the new PARKSIDE campaign
Hollywood meets DIY: in the new campaign of the PARKSIDE…
Read more >