Bloomberg News

OTP Bank Climbs for First Time in Seven Days on Stimulus Bets

July 13, 2012

OTP Bank Nyrt. (OTP), Hungary’s largest lender, snapped six days of declines as speculation that China will add to stimulus for the world’s second-largest economy boosted demand for riskier assets.

The stock climbed 0.9 percent to 3,438 forint by 2:17 p.m. in Budapest, paring its loss this week to 2.9 percent. The benchmark BUX equity index rose 0.2 percent.

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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