Albanian transaction closing
As of today, 1th of April, OTP Bank announced that the financial closure of the Albanian transaction has been completed. As a result, OTP Bank has become the 100% owner of Banka Societe Generale Albania, the Albanian subsidiary of Societe Generale Group.
With a market share of nearly 6 %, SGAL is the 5th largest bank on the Albanian banking market and as a universal bank it has been active in the retail and corporate segment as well.
With the accession of the Albanian bank, OTP Group is already present in 10 countries in the Central and Eastern European region, becoming an even stronger market operator and further strengthening its market position.