Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks - S&P Global Ratings’ Credit Research

Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks

Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks - S&P Global Ratings’ Credit Research
Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks
Published Sep 30, 2021
2 pages (1101 words) — Published Sep 30, 2021
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Abstract:

FRANKFURT (S&P Global Ratings) Sept. 30, 2021--S&P Global Ratings today said that OTP Bank PLC?s (BBB/Stable/A-2) announced potential acquisition of Uzbek state-owned Ipoteka Bank JSCM (BB-/Stable/B) could expose the group to additional risk but would not impair the group's overall capitalization and risk profile given the difference in size. The nonbinding memorandum of agreement with the Ministry of Finance of the Republic of Uzbekistan would allow OTP to acquire a majority stake of Ipoteka, the fifth-largest lender in the country. With a market share of 8.5%, OTP would be one of the first foreign entities entering the Uzbek market. The share sale and purchase agreement could be finalized before the end of the year. We remain mindful of the high

  
Report Type:

Bulletin

Ticker
OTP@HB
Issuer
OTP Bank PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Hungary
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks" Sep 30, 2021. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Potential-Acquisition-of-Uzbek-Ipoteka-Bank-Expands-OTP-Bank-s-Geographical-Footprint-But-Adds-To-Risks-2730376>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Potential Acquisition of Uzbek Ipoteka Bank Expands OTP Bank's Geographical Footprint But Adds To Risks Sep 30, 2021. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Potential-Acquisition-of-Uzbek-Ipoteka-Bank-Expands-OTP-Bank-s-Geographical-Footprint-But-Adds-To-Risks-2730376>
  
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