Croatia: Hungarian OTP to Acquire Banco Popolare Croatia

Business › n.a. ♦ Published: January 21, 2014; 13:27 ♦ (Vindobona)

OTP will, according to media reports, take over Banco Popolare Croatia which has a market share of only 0.56 percent.

Croatia: Hungarian OTP to Acquire Banco Popolare Croatia / Picture: © OTP Bank

The Croatian media has reported about Hungarian bank OTP to acquire Croatian affiliate of Banco Popolare (Banco Popolare Croatia), which has a total of 35 branches and assets in the amount of HRK 2.6bn (€ 340m). The core capital comes at HRK 334m (€ 44m).

Banco Popolare Croatia only has a market share of 0.56 percent and is one fifth of the size of OTP in Croatia. The…

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