Financial closure of Moldavian acquisition completed

Financial closure of Moldavian acquisition completed

OTP Bank wishes to inform capital market participants that the financial closure of the Moldavian transaction was completed on 25 July 2019 and as a result, OTP Bank acquired a 96.69% stake in Mobiasbanca – Groupe Societe Generale S.A. (MBSG), the Moldavian subsidiary of the Societe Generale Group.

With a market share of 13.8%, MBSG is the 4th largest bank in Moldova. As a universal bank, it is active both in the retail and in the corporate segment.

With the acquisition of the Moldavian bank, OTP Group increased its presence to 11 countries in the Central and Eastern European region.