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Tatra banka, ČSOB, and Penta among suitors to buy OTP Banka Slovensko

The largest bank in Hungary, OTP, is selling its Slovak subsidiary, according to sources of the Trend weekly. Over the past ten years, OTP Banka Slovensko has lost €38.4m and its market share, based on total assets, has shrunk to 1.8%. Besides the small Fio banka, all other banks in Slovakia are in the black. The Slovak OTP was for sale back in 2008, but no bid was deemed high enough. Now, Tatra banka, ČSOB, and Penta are allegedly among the potential suitors. Just three banks (Istrobanka, Dexia and Sberbank) changed hands over the past three years despite market consolidation being touted for over a decade by all major market players.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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