Hungary’s OTP Bank signed a purchase and sale contract on the privatization of Ipoteka Bank in Uzbekistan this Monday.
According to the contract, OTP Bank will purchase 100% of the shares held by the Ministry of Finance of the Republic of Uzbekistan (nearly 97% shareholding) in two steps: 75% of the shares now and the remaining 25% three years after the financial closure of the first leg of the transaction.
OTP Bank and the International Finance Corporation (IFC) have agreed to cooperate on Ipoteka Bank in the future. IFC has been providing financing and transformation support to Ipoteka Bank for several years and IFC confirmed it is committed to continuing its support and cooperating with OTP Bank, the new majority shareholder.
The transaction is the first step in the privatization process of the local, predominantly state-owned banking sector.
Ipoteka Bank is the 5th largest bank in Uzbekistan with a total asset-based market share of 8.5% and it is the market leader in mortgage lending with around 30% market share.
The financial closure of the transaction is subject to regulatory approvals and expected in the first half of 2023.
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#D.C. #DAB+ #DAF #Dag Hartelius #Daikin #daily death toll #Daily mean temperature #Daily record of infections #Dalai Lama #dana #Dance #Dániel Gyurta #Dániel Palotai #daniellaelectricity #Danish Ambassador Erik Vilstrup Lorenzen #DANOVA project #danovaproject #Danube #Danube Bend #Danube Bend Arts Festival #Danube cruise #Danube Ingrid #Danube InGrid project #danube-dravanationalpark #danuberefinery #Danubius Hotels #danubiushotels #Darfur region #darkskypark #Das WeltAuto #Data engineering #datahouse #David Cornstein #David Pressman #Day of Polish-Hungarian Friendship #Daylight #DAylight Savings Time #dayofhungarianculture #dayofmourning #dayticket #dbhgroup #deaf&hardofhearing #Death #deathanniversary #Deaths #debrecen #Debrecen Carnival of Flower #debrecenairport #Debt #debtrating #decarbonization #decision-making #Deckscreen #decline #decrease #Defense #defense industry #deficit #defusing a bomb #deliveryservice #deloitte #Deloitte Digital Hungary #Deloitte Hungary #Deloitte Technology Fast 500 EMEA list #deloittecentraleurope #deloittehungary #Delta Group #Delta Systems #deltasystems #Democracy #Democratic Union of Teachers (PDSZ) #Democrats Abroad-Hungary #Demography #demonstration #Denijs Dille #Denmark #denso #Denso Manufacturing Hungary #dental tourism #depositfee #depreciation #Deputy CEO of the Hungarian Tourism Agency (MTÜ) #Derks Wilhelmus Josephus #Dertour #Design #Design Without Borders #desireebonis #Dessert of Budapest #destinationhungary #Deutsche Telekom #Deutsche Telekom IT and Telecommunications Hungary #Deutscher Wirtschaftsclub – DWC #development funds #Development program #Development project #developmentproject #developmentprojects #developments #dhl #Diabetes #diagnosticcenter #diagnosticequipment #diagnostics #Diána Igaly #Diehl Aviation #diesel #Diesel engine #Digital Accelerator Bar program #Digital banking #digital channels #digital classroom #Digital development #Digital Economy and Society Index (DESI) #Digital education #Digital Innovation Program #Digital Quality of Life (DQL) Index #Digital S-Bahn Hamburg #Digital well-being #Digital work schedule #digitaldevelopment #digitalinfrastructure #digitalization #digitalizationconsultingprogram #digitalskills #digitaltechnology #digitaltransformation #digitization #Diligent Corporation #Dimitris Yannakakis #dinosaurs #Diósgyőr Castle #Diplomacy #Diplomacy and Trade Business Club ('The Club') #diplomacy&trade #diplomat #Diplomatic credentials #Diplomatic reception #Diplomatic residence #Diplomatic Spouses of Budapest #diplomaticanniversary #diplomaticcharityfair #diplomaticspouses #Direct One #directairlink #disabilities #Disability Caucus #Disadvantaged people #Disaster #Disaster Management #Disaster management legislation #discountstores #DiscoverEU #discovereuprogram #disease #disinfectant #disinfectionrobot #dismissedteachers #distributioncenter #District #District heating #districtheating #diver training #diversity #diversityaward #diversitycharter #diversityreport #divesting #Divestment #Dividend payments #dividendpayment #DMG MORI #dmgmoriheitecdigital #doclerholding #doctors #dofertobaccofermenting #dogfriendly #Dogs #dogtreatment #dohánystreetsynagogue #DokiApp #doktor24 #doktor24medicina #domefacilityservices #Domestic issues #Domestic output prices #domestic sales #Domestic tourism #domesticelectricitysystem #domesticguests #domesticoutputprices #Dominik Szoboszlai #donation #donations #donatios #Donau Brennstoffkontor (DBK) GmbH #Dongwha Electrolyte #doraegressy #doubledigitgrowth #Dow Jones #dpinnovations #Dr. Andrea Jádi Németh #Dr. Dávid Kőhegyi #Dr. Endre Ascsillán #Dr. Erzsébet Dobos #Dr. György Kárpáti #Dr. István Béres #Dr. János Szlávik #Dr. Katalin Karikó #Dr. László Szabó #Dr. Richárd Schwab #Dr. Roberto Massucco #Dr. Rolf Schnitzler #Dr. Rose Private Hospital #Dr. Tamás Szakmány #Dr. Zsolt Németh #Dr. Zsuzsa Deli-Gray #Dr. Zsuzsanna Diószegi #dravariver #drbelamerkely #Dream Body & More #Drechsler Palace #Dreher Beer Museum #Dreher Breweries #dreherbreweries #Dreschler Palace #Dresses #Drew Weissman #drilling #drinkingwaternetwork #drinkspackaging #Drone #drought #Drovelis® #Drugs #drugstore #dssmith #DT April 2009 #DT April 2010 #DT April 2011 #DT Business & Culture Club #DT December 2009 #DT February 2009 #DT February 2012 #DT January 2011 #DT January-February 2013 #DT July-August 2011 #DT June 2009 #DT June 2011 #DT March 2011 #DT May 2010 #DT May 2011 #DT November 2010 #DT October 2008 #DT October-November 2011 #DT September 2009 #Dua Lipa #Dual education #duihk #Duna Elektronika #Duna House #Duna House Barometer #Duna House Group #dunaauto #dunaferr #dunaharaszti #dunahouse #dunahousebarometer #dunamedicalcenter #dunamentipowerplant #dunamotors #dunapack #dunaujvaros #dunavarsany #dunavecse #Duncan Graham #duncangraham #durable food #durerpark #Dutch ambassador #Dutch Ambassador Désirée Bonis #Dutch Focus #dutcham #dutchambassador #dutchfocus #DVM Group #dvmgroup #Dyntell Hungary Ltd.
#e-charger #e-commerce #e-fleet #e-mobility #E.ON #E.ON Hungária #E.ON Hungária Group #earningsexpectations #Earth Day #earthcheck #earthday #earthfestival #earthhour #earthquake #earthresources #East Central Europe #Easter #Easter customs #eastercustoms #easterfestival #eastermonday #eastgateprobusinesspark #ebes #ebitda #ebrd #eco-farm #eco-first #Eco-Innovation Award #ECOFIN #Ecological footprint #Ecology #Economic Development and Innovation Operational Program (GINOP) #Economic forecast #economic growth #Economic performance #economic reform #Economic relations #Economic sentiment index #economicchallenges #economicexpectations #economicfair #economicforecast #economicperformance #economicpolicy #economicrelations #economicresearch #economicsentimentindex #economicstrategy #Economist #Economy #EcoPro BM #ecoprobm #ecser #ecuador #Edenred Hungary #edinamakai #edisonkids #Edit Herczog #Edit Ránky #education #educationalcenter #educationalgrant #EEA and Norway Grants #EESZT application #Effie Awards #efott #Eger #Egg #eggpark #eggproductionplant #egis #Egis Pharmaceuticals #Egyházasrádóc #Egypt #egyptandhungary #Egyptian pharaoh #einhell #eisberg #EIT Health #EIT InnoEnergy #eithealth #Elderly home #Elderly people #election #election observation mission #Election program #Elections #Elections in Hungary #Electric batteries #Electric battery parts #Electric charger #electric engines #Electric vehicle battery #Electric vehicles #Electrical Insulation and Plastic Factory (VSZM) Ltd. #electricbatteries #electricbuses #electricchargers #electricdrivemodule #electricdrivetrain #electricgrid #electricheatingboiler #electricity #Electricity consumption #electricity generation #Electricity grid #electricity industry #electricityconsumption #electricitystoragefacilities #electricitysupply #electrictruck #electricvehiclebattery #electricvehiclechargingmarket #electricvehicles #Electro-mobility #Electrolux #Electrolux Hungary #electroluxhungary #electromobility #Electronic industry #Electronic payment #Electronic Payment Service Providers’ Association (EFISZ) #Electronic Payment Strategy (EPS) #electroniccommunications #electronicpayments #electronics #Electronics industry #electrosmog #Elektromotive Hungária Ltd. #Eleni Tsakopoulos-Kounalakis #eletjelfire&rescueteam #ELKH Energy Research Center #ELMŰ-ÉMÁSZ #elte #eMAG #embargo #Embassy #Embassy of Spain in Budapest #EMEA region #EMEIA region #Emergency #Emergency regulations #emergencyservices #emericpressburger #Emerson #emigration #Emmanuel Macron #Emmy Awards #empiricalsurvey #employeebonus #employees #Employees’ rights #employerbrandcampaign #employerbranding #employment #employmentindex #encyclopedia #encyclopedia entry #Enda Kenny #endometriosis #Endre Szemerédi #eneos #energigas #energikum #energy #Energy consumption #energy crisis #Energy efficiency #Energy Efficient Mortgages Initiative (EEMI) #Energy Efficient Mortgages Pilot Scheme #energy emergency #Energy industry #energy management #energy policy #Energy production #energy saving #energy security #Energy storage #Energy supply #energy-saving #energybusiness #energycompany #energyconsumption #energycorphungary #energycrisis #energydemand #energydrink #energyefficiency #energyindustry #energyministry #energypark #energyprices #energysaving #energysavingmeasures #energysector #energyservices #energyservicesandtrading #energystorage #energystoragefacility #enerhash #Enexio Hungary #Engineering #engineering service center #engineeringprofession #englishlanguage #englishsubtitles #Enikõ Gyõri #Enikő Mihalik #eniskekvagyok #enlargement #Enrique Pastor de Gana #entrepreneurship #entrepreneurshipdevelopmentprogram #Environment #environment protection #Environment social and governance (ESG) #Environmental awareness #Environmental investments #environmental protection #environmental research #Environmental Social & Governance (ESG) #Environmental strategy #environmentalaward #environmentalfriendly #environmentalinvestments #environmentalprotection #environmentfriendlytechnology #environtec #eon #eongroup #eonhungaria #eonhungariagroup #Eörs Szathmáry #Eötvös Loránd Research Network (ELKH) #Eötvös Loránd University (ELTE) #epidemic #epidemic prevention #Epidemiological preparedness #epidemiological restrictions #epredia #equality #Equestrian event #Equifest #equilor #Equilor Investment Plc. #Erasmus+ grant #ergometer #Ericsson #Ericsson Hungary #ericssonhungary #erikbogsch #Ernõ Rubik #ernorubik #Ernst & Young #ernst&young #Erste Bank #Erste Bank Hungary #Erste Group #erstebank #erstebankhungary #erstegroup #erstegroupbankag #Ervin Zádor #Erwin Schrödinger Prize #Erzsébetváros #esbisztro #escapproach #esg #essca #ESSCA Budapest Campus #ESSCA School of Management #essence #Esterházy Mansion #Esther Horvath #Estonia #Estonian Ambassador Kristi Karelsohn #Eszter Cseke and Andras S. Takacs #esztergom #Ethanol #ethnic minorities #ethnichungarians #etyek #etyekbeermanufactory #EU #EU accession #EU affairs #EU budget #EU Cohesion Fund #EU cooperation #EU Court of Justice #EU Diversity Month #EU funding #EU funds #EU Gas Storage Regulation #EU General Court #EU Green Deal #EU loan #EU membership #EU Presidency #EU quality schemes for agricultural products and foodstuffs #EU Scientific Council #EU support #EU supported projects #EU-China Comprehensive Agreement on Investment (CAI) #EU-supported project #euaccession #eubudget #EuCham - European Camber #Eucham European Chamber #euchinatourismsummit #eucountries #eudirective #eudiversitymonth #eufunding #eufunds #eumeasures #eumembership #eupresidency #euproject #eurelectric #euro #Euro (EUR) #euro-unior #euro6 #EUROAPI #Eurobarometer #euroliquidity #Euronet #Euronics #europanap #europapont #Europe Day #European Automobile Manufacturers Association (ACEA) #European Bank for Reconstruction and Development (EBRD) #European Banking Federation (EBF) #European Capital of Culture #European Central Bank (ECB) #European Championships #European Climate Bank #European Commission #European Commission President Ursula von der Leyen #European Court of Justice #European Court of Justice (ECJ) #European Day of Parks #European Football Championship #European Green Deal #European Innovation Scoreboard #European Institute of Innovation and Technology (EIT) #European integration #European Investment Advisory Hub (EIAH) #European Investment Bank (EIB) #European Investment Bank Group #European Medicine Agency (EMA) #European Molecular Biology Organization (EMBO) #European Money Quiz #European Parliament #European Peace Facility #European Regional Science Association (ERSA) #European Research Council (ERC) #European Social Fund #European Super Cup #European Swimming Championships #European Union #European University Alliance for Global Health (EUGLOH) #European Year of Volunteering #europeancapitalofculture #europeancommission #europeancouncil #europeandiversitymonth #europeaneconomicarea #europeanfestivalsassociation #europeanfilmacademy #europeanfilmtreasure #europeangreendeal #europeaninvestmentbank #europeaninvestmentfund #europeanmobilityweek #europeanmuseumacademy #europeanparliament #europeanrocketrychallenge #europeanspaceagency #europeanunion #europeday #europedirect #europtec #euroshell #eurostat #EuroVelo 14 network #eurowag #eurowagprimenetwork #Eurowings #eurozone #eusupport #eutech #EV batteries #evacuation #Eve Bader #Event industry #eventmanagement #eventorganization #eventpromotion #eventrendgroup #evepower #evoring #Exchange rate #excisestamps #executivechef #executivesuites #exhibition #Exhibition site #exhibitioncenter #exhibitions #exhibitionspace #eximbank #expansion #expats #expectations #Experiment #experimentalphysics #explanationforeverything #exporeal #Export promotion #Export sales #exportpromotionagency #exports #exports-imports #Exposition #External Action Service of the European Union #External trade #externalfunding #externaltrade #externaltradebalance #externaltradedeficit #externaltradeingoods #externaltradeinservices #extraordinary general assembly #ExxonMobil #exxonmobilhungary #EY #EY Global Delivery Services (EY GDS) #Eydescreen #eyland Hose & Silicone Services (LHSS)
#fabafem #face mask #facility management #facilitymanagement #factory closure #Factory expansion #Fair grounds #Fair Trade #fairsite #FAIRway Danube project #Falco #falconry #Family budget #familybackground #familybusiness #familyday #familyownedbusiness #familyprograms #famous Hungarians #Farmer Expo #farmers' market #fastfood #fastfoodchain #fatalities #Fatality #fathersday #FC Seville #FCI World Individual Rescue Dog Championships #fda #Federal Bureau of Investigation (FBI) #Federal Councillor Ignazio Cassis #Federal Reserve #Federation of Hungarian Jewish Communities (Mazsihisz) #Federation of Jewish Communities in Hungary (Mazsihisz) #feedproduction #fehova #feintool #felegyhazipekseg #FELIX Kitchen&Bar #felixkitchenandbar #Felling trees #felsozsolca #femaleartists #femaleentrepreneur #Femtonics Ltd. #Fencing #Fenerbahce #Ferenc (Franz) Liszt #Ferenc Gyurcsány #Ferenc Krausz #Ferenc Liszt International Airport #Ferenc Liszt International Piano Competition #Ferenc Mádl #Ferenc Martyn #Ferenc Miszlivetz #Ferenc Puskás #Ferenc Szõnyi #ferenckolcsey #ferenckrausz #ferenclisztacademyofmusic #ferenclisztairport #ferenclisztinternationalairport #ferenczymuseumcenter #Ferihegy International Airport #Ferrari #ferry #Fertőd #Ferzol Ltd. #festekbazis #festival #Festival of Folk Arts #festivalgoers #Festive Book Week #Festive season #festiveseason #Festivities #FGSZ Földgázszállító (‘Natural Gas Transporter’) Plc. #FIABCI (the International Real Estate Federation) #fiber network #Fiber optic network #fiberboardproduction #FIDE Online World Cadets & Youth Rapid Chess Championships #Fidelis BAU #FIFA #Fifth wave #Fighting fires #Filling station #film #Film studio #filmfestival #Films #FINA #Finance #Finance Minister Mihály Varga #Finance Ministry #Financial institutions #Financial markets #Financial results #Financial services #Financial Stability Council #Financial year #financialawareness #financialawarenesscampaign #financialguarantee #financialhealth #financialleadershipsurvey #financialplanning #financialresults #financialserviceproviders #financialstabilityreport #financialyear #financingneeds #Fine dining #finearthungary #finearts #finedining #Finland #finofood #fintech #FinTech enterprises #Fire brigade #firefighers #fires #fireservice #firewood #fireworks #fireworks display #fireworksdisplay #First Hungarian Painting and Art Evaluation Office #firstfarms #firstquarterfigures #Fiscal Council #Fish of the Year #Fish stocking #Fishermen’s Bastion #fitness equipment #Fiumei Road graveyard #FiumeiGuide #fiveguys #fizzhu #flagathalfmast #flaghoisting #Flanders Investment & Trade (FIT) #Flavor and fragrance #flexibility #Flextronics #flirttrains #Flisom #FlixBus #floodhub #flooding #floodprotection #floodvictims #floodwarning #floodwave #Florent Héridel #florinplc #Flower carnival #flowers #flu #fluorescencetechnology #Flying Gizi #FMCG #foamglass #Foie gras #Foktő #foldable modular container #Folk music #Folklore #Fonyód #Food and Agriculture Organization (FAO) #Food industry #Food prices #food supplement #Food waste #foodbank #fooddevelopment #fooddonation #foodindustry #foodpackaging #foodparcels #foodpriceinflation #foodprices #foodquality #foodsector #Foodstuff #foodsupplements #football #football (soccer) #Footprint Homes #forasustainablefuture #forbes #forbestravelguide #ford #Ford Focus #Ford Motor Company #fordmodelt #Forecast #Foreign citizens #Foreign customers #foreign exchange loan #Foreign investments #foreign investors #Foreign loan #Foreign policy #Foreign relations #Foreign trade #foreign workers #foreignexpansion #foreignguests #foreignlanguage #foreigntourists #foreigntradedeficit #foreignvisitors #forestrailway #forint #Former Hungarian ambassador to the U.S. #Formula 1 #Formula One #formulaone #formulaonehungariangp #FOSS #Fót #FŐTÁV #Főtaxi #Foundation for Sustainable Entrepreneurship #foundationforhungariansport #foundationstone #four-day working week #fourdayworkingweek #fourhandsdinner #fourpointsbysheraton #fourseasons #fourseasonshotelgreshampalace #Foxconn #Foxconn Group #foxpost #FOXrail Railways #fragrance museum #france #Francesco Maria Mari #Franchise #franchisesystem #Frank Klein #fraud #Freedom House #freighttransport #French Academy of Sciences (Académie des Sciences) #French ambassador #French Foreign Legion #French Insitute Budapest #French Institute #French Open #French Presidency of the Council of the EU #frenchinstitute #frequency band #Fressnapf #Fressnapf-Hungária Ltd. #Frida Kahlo #fridakahlo #Friedrich Ebert Stiftung (FES) #FrieslandCampina #frost #Fruits #fruitsector #fruitveb #fuel #Fuel prices #Fuel tax #fuelconsumption #fuelingstations #fuelprices #fuelproduction #fuelshortage #FUGA Budapest Architecture Center #fundamenta #Fundamental Law #fundraising #fundraisingcampaign #funeral #Furmint #furniture #Furniture industry #fustmentes #füstmentes.hu #Futureal Group #Futureal Investment Partners #futurealgroup #futureaobilityassociation #futureconscious #futurefm #futuremobilityalliance #futureworkplaces
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