Hungary’s OTP buys 30,000 own shares

Portfolio
OTP Bank bought 30,000 of its own shares on the Budapest Stock Exchange for HUF 320 million on Thursday , a relatively small batch given this years treasury share programme, on which it has now spent more than HUF 57 billion.

OTP bought 30,000 treasury shares on Thursday at an average price of HUF 10,785. The transaction accounted for 11% of daily trade in the stock.

The bank now holds 3,159,579 treasury shares, 1.13% of the total.

OTP has bought 5,45 mn of its own shares this year, spending HUF 57.28 on the programme.

OTP shares have lost 30.4% this year.

Cover photo: Akos Stiller/Bloomberg via Getty Images

 

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