Hungarian lender OTP Bank is considering acquisition opportunities in countries including Bulgaria, Romania and Serbia where weakened Greek banks have units.
OTP deputy director Laszlo Bencsik said that the bank has no plans to expand its footprint in Greece, and already operates units in all of these three countries, reported ACTMedia – Romania Business News.
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The bank considers operations of the Greek banks in Romania to be the most valuable with stable situation of the local branches.
Romania comprises four active Greek banks, which make up for nearly 12% of the assets of the banking system. Bancpost is controlled by Eurobank, Banca Romaneasca owned by National Bank of Greece, and Alpha Bank and Piraeus Bank operating under their own brand.
In January, OTP Bank Romania acquired Banco Comercial Portugues’ unit Millennium Bank Romania for 39m.
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