Hungary's OTP Bank Buys Another Bank in Albania

OTP Bank Plc. has announced that OTP Bank signed an acquisition agreement with
Alpha International Holdings Single Member S.A. on purchasing 100% shareholding of
Alpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million.

With a total asset-based market share of almost 5% in terms of assets, Alpha Bank is the 8th largest bank on the
Albanian banking market, and as a universal bank it has been active in the retail and corporate
segment as well. The bank currently operates a network of 34 branches covering all major cities in the country.

László Wolf, Deputy CEO of OTP Bank, said in a statement that since entering the Albanian market in 2018, the bank has been looking for further growth opportunities in the country. At that time, they acquired Societe Generale Albania Bank, which has since been successfully integrated into the OTP Group.

The financial closing of the transaction is expected by the end of 2Q 2022 subject to obtaining all the necessary regulatory approvals.