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Hungary's OTP Bank Eyes Takeovers

Wednesday, October 13, 2010 - 04:41

OTP Bank Deputy Chief Executive Laszlo Wolf says the Hungarian lender is on track for profitability this year, and is eyeing acquisitions in Romania, Serbia and Vietnam.

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Europe's largest independent bank designed potential acquisition targets and -- to strengthen its capital base mormino TP bank's plans enjoying. By deputy CEO last hello wolf I'm mister wolf thanks for talking with a source CEO. Has talked the F pump some assistance some starters. Paula Newton did that those communities structured their -- is so we have different and you start fitting programs opponent in Hungary. McCain most -- is. In every country Europe's largest independent bank designed potential acquisition targets and -- to strengthen its capital base mormino TP bank's plans enjoying. By deputy CEO last hello wolf I'm mister wolf thanks for talking with a source CEO. Has talked about strengthening -- capital position. What I wonder how what do you plans -- like to do that. Of course the strengthen our temperature was sent. Apparently have to press shifted to an inappropriate. -- to react during Soviet going to be perfect of -- in 2010. And it in the future. Do you sit stance after -- terror. And profanity. In neighbors -- to -- told me you have traditionalists. And yet been looking at some confidence that we are asked to use more and he's seeing the -- market to really develop. Begin frosts in the -- certain. Serbia president to smaller audiences is -- hand piecing -- but many are you assisting facing. The -- and a half of two years these -- us but I think that the growth prospects for the country. He's suit is filed and -- their game. Okay I'll come back to what does not come through acquisitions and just decide what it's a little bit about the business first and and PL's nonperforming loans I'm. With twelve point 4% of the end of June the peak she would you say. I think two of the. Weekend if you had that moment of progress further and fearless because of her condominium -- On their footing in this in the second quarter Andrea -- again today it because their peak. So this quote. V four across something tonight and Sunday night at -- billion pieces -- it before -- index. In the mosque stand up I think these four prosthesis. Is to validate -- vote it to him plus minus. And you don't exactly but surely to be under. On the different. How much you gonna we have by the government that athletes to help distressed borrowers. The ministry of downloaded it terrorist this the new company to do garment would like to. Set up. But in the end though our own no bone structure is probably. Defense addendum border S miss Simon debt Doris you have the F pump some assistance some starters. Paula Newton did that those communities structured their -- is so we have different and you start fitting programs opponent in Hungary. McCain most -- is. In every country that we are strong in mortgage finance. Somehow what do you take before we talk about Eminem wanna get your take on the the financial sector windfall tax were the three banks are gonna be or at least considering pulling out of Hungary. Due to this tax that would it what is your take on the situation. I just certainly don't know of these terrorists but I think that's a major for a major bank. It's not easy. To relieve. The market for either -- because the bank has hit assets and liabilities. And the -- you don't see it. -- Meaning we don't know though the deepest that I said but today it is there. Will the courts and before very Deborah reported -- was banking on getting. And then you hear it. Look at it because this ended his banking tax. And you hope it -- I'm very measured Andrea sinking got it -- there -- And long term. This rocket is. I'm gonna market is it would mark just very quickly on on -- a downwind which markets you focusing on now any specific told -- you can tell us about. And at the best president VV don't strongly if who was we don't have it any going to beat it deep -- I have done yet -- so -- yet. But yeah. The end looking at different apart and developing other banks vis my being -- targets in Serbia and in. Romania. And our CEO. Said that he probably would buy here. Minority stake in Vietnam is that this city targets which we are looking at right now. Mr. hope many thanks so he would voices sound a DP bank deputy CEO naslund wolf that's it from Austin now.

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Hungary's OTP Bank Eyes Takeovers

Wednesday, October 13, 2010 - 04:41