OTP Bank Plc. did not submit an improved financial offer for the acquisition of a 69.9% stake in Romanian Casa de Economii si Consemnatiuni C.E.C.-S.A. (CEC) by today’s deadline.
As part of the nearly 1.5-year long privatisation process of the Romanian savings bank, OTP Bank submitted a binding bid on 17 July 2006.
The largest Hungarian financial group has concentrated significant financial and human resources on the development of its Romanian subsidiary, OTP Bank Romania, that it bought in 2004.
OTP Bank Romania’s organic growth is dynamic, the product and services development is continuous, the market share is growing, the branch network is expanding.
OTP Bank, as owner, is committed to provide complex and modern services to individuals, businesses and local governments in Romania.
