Novosti daily: OTP buys Societe Generale Bank

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Photo: Promo

Changes on the banking market of Serbia have been talked about for a long time, and the news published by the Vecernje novosti daily demonstrates this.

The newspaper reports that the new owner of Societe Generale Bank will be OTP Bank. As the Novosti daily has unofficially found out, OTP, which bought Vojvodjanska Banka a year ago, is already doing due diligence of Societe, and it is preparing for the acquisition. Several sources confirmed this for the newspaper. If this merger is realised, OTP Bank should be ranked third in terms of the market share in Serbia.

According to the sources of the Novosti daily, it is certain that the forthcoming period, regarding the consolidation of the banking capital and the change of ownership, will be very dynamic.

Source: Novosti

Photo: Promo