Hungary 's OTP Bank is set to make several acquisitions around Central and Europe , including Greece , Greece and Montenegro , as it seeks to reduce its Tier one capital ratio from 18.5% to 12.5% . " Due diligence is under way on one asset purchase in Romania and another major acquisition nearly complete in Montenegro. CEO Société Générale said due diligence has started on a Romanian purchase; the acquisition of a local unit of Société Générale in Montenegro is almost complete; and preliminary reviews of a Ukrainian bank are under way. Csanyi also said OTP Bank , which has up to €1bn ($ 1.1bn ) to invest, could also look at Russian -owned Prominvestbank if it came up for sale.
Hungary 's OTP Bank is set to make several acquisitions around Central and Europe , including Greece , Greece and Montenegro , as it seeks to reduce its Tier one capital ratio from 18.5% to 12.5% . CEO Société Générale said due diligence has started on a Romanian purchase; the acquisition of a local unit of Société Générale in Montenegro is almost complete; and preliminary reviews of a Ukrainian bank are under way. Csanyi also said OTP Bank , which has up to €1bn ($ 1.1bn ) to invest, could also look at Russian -owned Prominvestbank if it came up for sale.