ČSOB allowed to take over OTP Banka Slovensko
KBC Bank of Belgium, the owner of ČSOB, has received the final permits for its acquisition of OTP Banka Slovensko and signed transaction documents. Price was not disclosed. The deal was agreed in mid-February. The banks will merge in the first half of 2021, ČSOB will expand its retail clientele by about a third. Penta and J&T were also interested in acquiring OTP. Back in 2008, ČSOB acquired Istrobanka.