Hungarian-based OTP Bank has signed a preliminary agreement to buy the majority stake in one of the top five banks in Azerbaijan. The deal requires approval from the Azerbaijani Central Bank. Headquartered in Hungary, OTP Bank operates in Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia, Serbia and Romania. It is one of the leading financial groups in Central and Eastern Europe. OTP Bank Group has over 11 million customers and 1,300 branches in 9 countries.
OTP Bank To Buy Leading Bank In Azerbaijan
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English Section / 26 august 2008