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 firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com