OTP Bank has decided to pull out of Romania, but the bank's CEO suggests a possible comeback through acquisitions or cross-border services
Cristina Petrache
Economy
Foto OTP Bank România
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Sándor Csányi, chairman of OTP Bank, said that the bank's withdrawal from the Romanian market was the right decision, but there is a possibility of a return in the future through the acquisition of a larger bank or cross-border services. As of May 1, Csányi will hand over as CEO to his son Péter Csányi, who will remain chairman. In March, Banca Transilvania announced the completion of its merger with OTP Bank Romania, strengthening its market share to 23% and increasing its assets and loan portfolio.
Sources
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