Equity
Market rumour says OTP eyes Turkish Demizbank
While OTP carries an ambitious acquisition policy, first and foremost the bank focuses its resources on enhancing its positions in neighbouring countries. Other locations may only come in a second wave of buy-ups. Acquiring Demizbank could be easily managed by OTP, but its acquisition budget would soon be depleted without a capital raise.
OTP wishes to buy a number of foreign banks in the foreseeable future, but among its primary targets we do not find Turkey.
OTP's market capitalisation has exceeded USD 10 billion just last week.
OTP wishes to buy a number of foreign banks in the foreseeable future, but among its primary targets we do not find Turkey.
OTP's market capitalisation has exceeded USD 10 billion just last week.
