Closing the financial transaction of the acquisition in Moldova

25th of July, 2019, Chisinau

OTP Bank Plc. announces that on 25 July 2019 the financial  transaction of the Moldovan aquisition has been completed. As a result, OTP Bank has become 96.69% owner of Mobiasbanca – Groupe Societe Generale S.A. („MBSG”), the Moldovan subsidiary of Societe Generale Group.  


With a market share of 13.8%, MBSG is the 4th largest bank on the Moldovan banking market and as a universal bank it has been active in the retail and corporate segment as well.

With the acquisition of the Moldovan bank, OTP Group is already present in 11 countries in the Central and Eastern European region.

 

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