Bloomberg News

OTP Bank Rises Most in More Than a Week, Extends 1st-Half Gains

June 29, 2012

OTP Bank Nyrt. (OTP), Hungary’s largest lender, rose the most in more than a week after European leaders agreed to ease repayment rules for emergency loans to Spanish banks and relax conditions on help for Italy.

The shares rose 2.8 percent to 3,499 forint by 9:37 a.m. in Budapest, the most since June 19. OTP is set for a 8.7 percent drop in the second quarter and an 8.6 percent advance in the first half of 2012.

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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