ČSOB to buy OTP Bank
- Vladimír Dohnal
- Feb 14, 2020
- 1 min read
Hungarian OTP is selling its Slovak bank to KBC of Belgium, the owner of ČSOB, according to sources of the N daily. OTP also received bids from Penta and Poštová banka (J&T). The Slovak OTP has huge losses, 62 branches, and a strong position in the South. ČSOB will keep its No.4 position on the Slovak market. Back in 2008 it acquired Istrobanka.
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