The Hungarian OTP bank last week submitted a revised bid for the state's 70% stake in the IRB financial house; the Privatisation Ministry has called a committee to judge the bid, and should issue a decision in the first week of October.
In a related move six interested parties were given permission to move to the second round of a tender for state bank Istrobanka, five of whom decided to continue - the Austrian Bawag, Volksbank and Bank Austria, the Italian Unicredito and the French Societe Generale. The American Citibank dropped out of the hunt.
