Reuters logo
BRIEF-Hungary's OTP plans no major domestic acquisitions -CEO
November 7, 2017 / 7:18 AM / 15 days ago

BRIEF-Hungary's OTP plans no major domestic acquisitions -CEO

Nov 7 (Reuters) - Otp Bank Nyrt

* Plans no acquisition of larger domestic rivals, Chairman and Chief Executive Sandor Csanyi tells financial news website portfolio.hu.

* Hungarian bank taxes still too high compared with elsewhere in Europe, CEO says.

* Acquisitions of small and medium-sized banks abroad could continue in the next 1-2 years, CEO says.

* OTP not planning to enter new countries with a low market share. Further company coverage: (Reporting by Gergely Szakacs, editing by Louise Heavens)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below