OTP Interested in MKB

Businessn.a. ♦ Published: December 9, 2013; 07:17 ♦ (Vindobona)

Sandor Csanyi, CEO of the largest Hungrian lender OTP, considers taking over the rival MKB.

OTP Interested in MKB / Picture: © OTP Bank

Due to the difficulties in Hungary´s banking sector, BayernLB may withdraw from Hungary. German BayernLB is the owner of Hungary´s fourth-biggest lender MKB. In November, BayernLB´s management stated that MKB´s bad assets may be split off in a bid. The number of potential buyers would be rather small now. Due to requirements of the European Commission, BayernLB has to offload MKB…