OTP bank leaves Slovakia. Who will acquire the bank?

Three other banks are rumoured to put their offer on the table.

The Hungarian OTP Bank is said to sell its Slovak subsidiary. The Hungarian OTP Bank is said to sell its Slovak subsidiary. (Source: OTP Bank)

Four years have passed since a bank was last sold in Slovakia. This will change now since the Slovak branch of the Hungarian OTP bank is on sale, the Trend weekly reported.

Read also NBS: Profits of Slovak banks to fall in next few years Read more 

OTP considered selling the subsidiary in 2008, but later changed its mind due to the starting crisis.

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“The OTP bank does not comment on market information of this kind,” said OTP bank's marketing and PR head, Róbert Varšányi, as quoted by Trend.

There is a rumour that there are three bidders interested in purchasing the bank, which has the ninth highest market share in Slovakia. This is specifically the ČSOB bank, Tatra Banka and the Penta investment group. They have allegedly already submitted their offers, the weekly wrote.

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