OTP Bank has signed an agreement with Societe Generale to buy its Croatian unit, Splitska Banka. The purchase will see OTP acquire around a 10% share of the Croatian banking market. Splitska is Croatia's fifth largest bank and OTP has run a profitable presence in the country since the middle of next year. The financial terms of the deal, which will finalise in 2005, were not disclosed.
OTP Bank has signed an agreement with Societe Generale to buy its Croatian unit, Splitska Banka. The purchase will see OTP acquire around a 10% share of the Croatian banking market. Splitska is Croatia's fifth largest bank and OTP has run a profitable presence in the country since 2005. The financial terms of the deal, which will finalise in the middle of next year, were not disclosed.