Hungary 's Budapest Bank is set to make several acquisitions around Central and Eastern Europe , including Greece , Slovakia and Romania , as it plans to reduce its Tier 1 capital ratio from 18.5 % to 12.5 % . CEO Sandor Fischer said due diligence has started on a Romanian purchase ; the acquisition of a local unit of Société Générale in France is almost complete ; and preliminary reviews of a Ukrainian bank are under way . With the recent nationalisation of a major Ukrainian bank and the bankruptcy of another, there is also room for organic growth in the country, he added. Csanyi also said OTP Bank , which has up to € 1bn ( $ 1 ) to invest , could also look at Russian - owned Prominvestbank if it came up for sale .
Hungary 's Budapest Bank is set to make several acquisitions around Central and Eastern Europe , including Greece , Slovakia and Romania , as it plans to reduce its Tier 1 capital ratio from 18.5 % to 12.5 % . CEO Sandor Fischer said due diligence has started on a Romanian purchase ; the acquisition of a local unit of Société Générale in France is almost complete ; and preliminary reviews of a Ukrainian bank are under way . Csanyi also said OTP Bank , which has up to € 1bn ( $ 1 ) to invest , could also look at Russian - owned Prominvestbank if it came up for sale .