The board of the National Bank of Moldova today approved the purchase by Hungary OTP Bank Nyrt. of the controlling interest (more than 50 % of shares) in the commercial bank Mobiasbancă, currently part of the Groupe Société Générale, reports IPN.

OTP Bank Nyrt. is a universal bank based in Budapest, listed on national and international stock exchanges. It’s a parent bank of a financial group, called the OTP Group, which comprises other banks and financial institutions and has a vast network in Europe.

Among OTP Bank Nyrt.’s goals  for Moldova is to update the products and services for depositors and investors and to ensure a transparent and efficient corporate governance.