BUDAPEST Feb 19 Hungary's OTP Bank,
whose subsidiary in Ukraine is one of the bank's main avenues
for growth, told Reuters on Wednesday that it was prepared for a
devaluation of the Ukrainian hryvnia.
"OTP Bank Ukraine has consciously prepared for a devaluation
of the hryvnia," the bank said in an emailed statement. "For the
bank's open foreign currency positions and loans the course of
the exchange rate is a predictable and managed risk."
OTP Ukraine Chief Executive Tamas Hak-Kovacs told Reuters in
a separate email that the bank was keeping six of its 140
branches closed due to the civil unrest that has shaken the east
European nation, adding that service was unbroken in the other
OTP's shares fell 2.7 percent by 1437 GMT, underperforming
the wider market, which was 0.4 percent lower.
(Reporting by Marton Dunai; Editing by Ruth Pitchford)