Bloomberg News

OTP Bank Drops for Third Day on Hungary Aid Delay, Chinese Data

June 01, 2012

OTP Bank Nyrt. (OTP), the biggest lender in Hungary, fell for a third day on speculation the country’s talks with the International Monetary Fund may be further delayed and as data showed China’s manufacturing growth slowed.

The stock retreated 0.4 percent to 3,325 forint at 10:55 a.m. in Budapest, taking its decline this week to 5.6 percent. The BUX (BUX) index of 11 companies, in which OTP has a 28 percent weighting, rose 0.3 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

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


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