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
Always see our news on Google
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
Latest News
10:47
The United Kingdom will allocate £17 million for repairs to the Chernobyl nuclear power plant, damaged in a Russian drone attack
10:42
Strong storm in Istanbul: Two people have died / Streets and homes flooded
10:42
Sally Rooney’s books withdrawn from the United Kingdom after the author announced that she supports Palestine Action
10:41
ACAROM: Romania’s auto production fell by 10.9% in the first nine months of 2026
10:34
Ukraine could export gas to the Republic of Moldova after restrictions are lifted, under a commercial contract
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
