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OTP Group has completed the acquisition of the Societe Generale subsidiary in Moldova

OTP Bank has announced that on 25 July 2019 the financial closure of the Moldavian transaction has been completed. As a result, OTP Bank has become 96.69% owner of Mobiasbanca – Groupe Societe Generale S.A. („MBSG”), the Moldavian subsidiary of Societe Generale Group. With a market share of 13.8%, MBSG is the 4th largest bank on the Moldavian banking market and as a universal bank it has been active in the ...

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