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.
OTP considered selling the subsidiary in 2008, but later changed its mind due to the starting crisis.
“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.
28. Aug 2019 at 7:33 | Compiled by Spectator staff