The OTP Group continues to expand in Albania

By: Trademagazin Date: 2022. 07. 18. 10:20

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.