The largest acquisition by OTP raises questions according to the Lithuanian central bank.
The Lithuanian central bank, which also oversees banking in the country, has written that the acquisition of the Estonian-based Luminor Bank by the Hungarian bank raises “legitimate questions,” given that the Hungarian institution still operates in Russia – according to Reuters.
The Lithuanian central bank, which also oversees banking in the country, has stated that the acquisition of Luminor Bank, an Estonian-based bank with operations in the Baltic states, by OTP Bank raises “legitimate questions,” given that the Hungarian financial institution still operates in Russia, according to Reuters.
