OTP Bank Group – the largest banking institution of Hungary and the third largest bank in Central and Eastern Europe – intends to come with investments to the Republic of Moldova. For the purpose, OTP Bank Group and Groupe Societe Generale signed an agreement on the acquisition of a majority holding in BC Mobiasbancă – Groupe Societe Generale SA.
The transaction will be possible only after OTP Bank Group requests and receives the National Bank of Moldova’s prior written permission, as it is provided in the law on banking activity of the Republic of Moldova.
OTP Bank Group has over 30 years of working experience in the banking sector and is present in nine European countries. In the Republic of Moldova, this aims to primarily modernize the products and services intended for depositors and customers and to ensure efficient and transparent corporative governance.
If OTP Bank Group receives the National Bank’s permission, the change in ownership at BC Mobiasbancă – Groupe Societe Generale SA will not affect the bank’s activity. The bank will continue to operate as usual and to provide the full range of services, including those related to deposits, lending and settlements, IPN reports, quoting a press release of the central bank.
