OTP Bank Shows Interest in Volksbank International

Published: July 7, 2011; 15:21 · (Vindobona)

The Austrian Volksbanken AG found a second potential buyer for its Eastern European subsidiary. The Hungarian OTP bank wants to expand into the markets where VBI has a presence.

OTP Bank Shows Interest in Volksbank International / Picture: © Wikipedia / MrPanyGoff

The Austrian Volksbanken AG (VBAG) might receive a higher price than expected for its Eastern European subsidiary Volksbank International (VBI). The Russian newspaper “Kommersant” on Thursday reported that the Hungarian bank OTP was interested in an acquisition. According to the paper, CEO Sándor Csányi said that VBI was present in the same countries in which OTP Bank wanted to…

This article includes a total of 171 words.

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