Bloomberg News

OTP Bank Extends Biggest Three-Day Drop in Month on Euro Crisis

May 16, 2012

OTP Bank Nyrt. (OTP), Hungary’s largest lender, dropped for a third day as the European debt crisis escalated.

The shares fell 1.8 percent to 3,488 forint by 9:26 a.m. in Budapest. That extended the decline in the past three days to 6.3 percent, the most since the similar period through April 17, on an intraday basis.

To contact the reporter on this story: Andras Gergely in Budapest at

To contact the editor responsible for this story: Gavin Serkin at

Too Cool for Crisis Management
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