Hungarian OTP Bank has made it difficult to sell its business in Russia. About author Reuters referred to the message of the bank’s deputy general manager, Laszlo Bencik.
In Russia, OTP Bank owns a large credit institution – “OTP Bank” from the top 50.
Business shutdown can be prevented decree Russian President Vladimir Putin on August 5 banned foreigners from “unfriendly” countries from transacting in fuel and energy complex and financial transactions. It is understood from the document that transactions with shares owned by unfriendly state companies in strategic enterprises and their subsidiaries are prohibited until 31 December.
But according to Benchik, the Russian division of the bank has aroused “serious interest” in potential buyers. At the same time, he noted that the bank is ready to adapt to the emerging conditions.
before 11 august reportedHe said that the management of the OTP Bank organization is considering the possibility of selling his “daughter” – “OTP Bank” in Russia. The document also stated that the sale options considered did not detract from shareholder value in any way.