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24th October, 2019

OTP bigger than European rivals

OTP Bank shares ended trading on the Budapest Stock Exchange on Tuesday at a record high of Ft 13,540, an increase of 1.3%, on strong volume.

The market value of OTP exceeds Ft 3.7 trillion, more than that of Poland’s largest bank PKO, or that of Dutch bank ABN Amro or Austria’s Raiffeisen, Portfolio noted.

The market value of OTP is now some 66% higher than that of Commerzbank, the second largest German bank. It is only 32% below Deutsche Bank and 17% below Erste Bank’s market capitalisation.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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