Bloomberg News

OTP Bank Rises as Hungary Central Bank Moves to Boost Lending

March 27, 2012

OTP Bank Nyrt. (OTP), Hungary’s largest lender, rose after the central bank said it will offer two-year loans from next month to boost corporate lending and as European stocks advanced before a U.S. real estate report.

The shares gained 1 percent to 3,929 forint by 11:01 a.m. in Budapest. The benchmark BUX stock index, in which OTP has a 29 percent weighting, increased 0.6 percent to 19,215.73.

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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