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The Hungarian OTP Bank allows the sale of business in the Russian Federation. Ot...
Economics

Out of exit. Hungarian OTP Bank allows the sale of business in

By Victor Duda
The Hungarian OTP Bank allows the sale of business in the Russian Federation. Other foreign banks faced the difficulty when leaving the Russian market and resumed renting employees. The Hungarian OTP Bank reported a possible sale of a subsidiary in Russia. About it with reference to the reporting of the credit institution as a result of the first half of the year RBC.

"OTP management is guided by the principle of" continuity of activity ", however, in Russia, management considers all possible options that will not significantly reduce the joint -stock value [asset] and may have positive effects for shareholders, including the possible sale of the Russian enterprise at an acceptable price," the document reads .

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