EnglishOTP Bank, the largest Hungarian lender, intends to increase its Romanian assets by up to 9% and it may buy loan portfolios from rivals in the country, the head of the local unit said, according to Mediafax, which quotes Bloomberg.
In November, the managing director of OTP Bank Romania, Laszlo Diosi, said that the bank expects to see its loan portfolio to increase by more than 6 percent.
At the end of Q3 2010, the assets of the Romanian subsidiary of OTP Bank amounted to 393.8 billion forints (1.45 billion Euros).
On Friday, the Hungarian group will announce its earnings for 2010.
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