Bloomberg News

Hungary’s OTP Bank Gains, Erasing Loss, as European Stocks Rise

October 10, 2011

Oct. 10 (Bloomberg) -- OTP Bank Nyrt., Hungary’s largest lender, erased earlier losses as European stocks advanced.

OTP’s shares rallied 1.8 percent to 3,210 forint as of 4:08 p.m. in Budapest, after dropping as much as 3.3 percent earlier today. The benchmark BUX index, in which OTP has a 27 percent weighting, gained 2.4 percent.

--Editors: Ana Monteiro, Peter Branton

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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