Business
Romanian supervision approves OTP acquisition
OTP signed the deal for buying Banca Romaneasca from National Bank of Greece in July, but the price was not made public.
The acquisition still requires approval from the Romanian central bank. The deal would increase OTP Bank Romania's market share to about 4%, making it the eighth biggest player in the Romanian market. OTP previously bought Millennium Bank of Romania from Portugal's Banco Comercial Portugues in 2014.
The acquisition still requires approval from the Romanian central bank. The deal would increase OTP Bank Romania's market share to about 4%, making it the eighth biggest player in the Romanian market. OTP previously bought Millennium Bank of Romania from Portugal's Banco Comercial Portugues in 2014.
