Lithuania: Central bank questions OTP Bank’s Russia operations

Hungarian banking group OTP Bank’s continued operations in Russia raise “legitimate questions” about its ​planned acquisition of the Baltic banking group, Luminor Bank, Lithuania’s central bank, the Bank of Lithuania, stated, Reuters reports. Earlier, OTP Bank announced that it had signed an agreement to buy Estonia-based Luminor. The Bank of Lithuania said that the European…

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Baltic: Hungary’s OTP Bank to buy Luminor

Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….

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