Hungarian OTP Bank has successfully completed the acquisition of SKB in the end of last year and became 99.73 percent owner of SKB Bank. This is the first OTP investment in Slovenia which continues to strengthen the position of the largest independent financial group in Central and Eastern Europe.
“Since its foundation in 1949, OTP Bank has gone a remarkable path. Its market capitalization was around 300 million euros at the time of its entry on the stock market, it has grown up to 12.5 billion euros today. The average return on equity in the banking sector is around 12 percent, while at OTP it is around 21 percent. This numbers clearly show the stability and development quality of the bank.”said Sándor Csányi, Chairman of the Board of Directors and CEO of OTP Bank, in the beginning of a press conference held today in Ljubljana with high representatives of OTP Bank and SKB Bank on the occasion of the closure of the financial transaction thanks to which the majority of shares of SKB Bank have been transferred into the ownership of OTP Bank.
Anita Stojčevska, Chief Executive Officer of SKB Bank and Sándor Csányi, Chairman of the Board of Directors and CEO of OTP Bank.
Photo Žiga Intihar