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OTP Bank Completes Slovenian Acquisition

D&T
December 17, 2019

Hungary’s largest bank, OTP Bank Plc. has announced that the financial closure of its Slovenian transaction has been completed.

As a result, OTP Bank has become 99.73% owner of SKB Banka, the Slovenian subsidiary of Societe Generale Group and other local subsidiaries held by SKB Banka.

With a market share of nearly 9%, SKB Banka is the 4th largest bank on the Slovenian banking market and as a universal bank it has been active in the retail and corporate segment as well.

With the acquisition of the Slovenian bank, OTP Group is already present in 12 countries in the Central and Eastern European region.

D&T

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