Hungary's OTP keeps buying own shares

Portfolio
Hungary's OTP bought 45,000 own shares last Wednesday (the last trading day of the week due to national holiday), continuing its treasury share programme on which it has spent nearly HUF 68 bn since January.
otp

OTP bought 45,000 treasury shares at an average price of HUF 10,869 per share on 19 August. Total value of the transaction was HUF 489 million.

The bank has purchased 6.42 million treasury shares this year, spending HUF 67.7 billion on the programme.

The previous record of HUF 61 bn was set in 2008.

OTP's share price fell 30% this year.

Cover photo by Jaap Arriens/NurPhoto via Getty Images

 

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