OTP Bank is purchasing a bank in Slovenia
OTP Bank Plc. announces that OTP Bank signed an acquisition agreement on purchasing the majority stake of SKB Banka, the Slovenian subsidiary of Societe Generale Group and other local subsidiaries held by SKB Banka.
With a market share of nearly 9%, SKB Banka is the 4th largest bank on the Slovenian banking market and as a universal bank it has been active in the retail and corporate segment as well.
The financial closure of the transaction is expected in the coming months subject to obtaining all the necessary regulatory approvals.
With this acquisition OTP Group is entering a new market again in the CEE region, extending its presence to twelve countries and becoming an even stronger market operator in the region.