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.
Hungary's OTP Bank is set to make several acquisitions around Central and Eastern Europe, including Greece, Slovakia and Serbia, as it seeks to reduce its Tier 1 capital ratio from 18.5% to 12.5%. CEO Sandor Csanyi 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.