OTP Bank became the 100% owner of Vojvođanska Banka

OTP Bank Serbia announced that the purchase of Vojvođanska banka has been successfully completed, making OTP Bank the seventh largest bank in the Serbian market with a total share of 5.7%.

At a press conference held in Novi Sad, representatives of the Hungarian OTP Bank, OTP Bank Serbia and Vojvođanska banka announced that OTP Bank Serbia as a buyer and the National Bank of Greece (NBG) as a seller closed the financial transaction, thanks to which 100% of NGB in the Vojvođanska banka and 100% of the NBG lease ownership transferred to OTP Bank of Serbia. As planned, integration will be completed by spring 2019. President of OTP Group and General Manager of OTP Bank in Hungary, Sándor Csányi wished a warm welcome to Vojvodina Bank as a new member of the OTP Group. “With this transaction and merger, we have shown our long-term and serious commitment to the banking market in Serbia, where we plan to continue our growth, and to establish ourselves as the largest independent banking group in the region of CEE” he said.