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OTP Group to enter the Baltic markets, expanding its presence to 14 countries and increasing its total assets by over 10%, while the share of its operations within the euro zone will reach 50%.<\/p>\n
\u00a0OTP Bank has signed an agreement with a consortium of private equity funds managed by Blackstone, and DNB Bank, to acquire Luminor, the third-largest banking group in the Baltic region.<\/p>\n
Over recent years, Luminor has strengthened materially its business model, grown its customer franchise, and advanced the digitalisation of its operating model \u2013 consolidating its role as a universal, pan-Baltic bank serving Estonia, Latvia and Lithuania.<\/p>\n
OTP Bank will further support Luminor\u2019s growth by building on its existing strengths, market position and customer relationships. As a strategic investor already serving over 17.5 million customers, OTP Group aims to establish a long-term presence in the Baltic region and, through Luminor, actively contribute to the financial health of its customers across its key markets.<\/p>\n
The signing of the agreement marks an important milestone in OTP\u2019s continued international development. Through the acquisition of Luminor, OTP Group further strengthens its position as a leading banking group in Central and Eastern Europe, while entering new growth markets in the Baltic region. As a result of the transaction, the OTP Group\u2019s total assets will increase by approximately 13%, while the share of euro zone operations within the Group\u2019s net loans will rise from the current 42% to 50%.<\/p>\n
P\u00e9ter Cs\u00e1nyi, Chief Executive Officer of OTP Bank, commented:<\/strong>
\n<\/em><\/p>\n\u2018The acquisition of Luminor is not merely a geographical expansion; it represents a strategic entry into a developed, stable region with significant growth potential. As one of the leading banking groups in Central and Eastern Europe, OTP Group has demonstrated over the past decades its ability to create value in new markets. We invest capital, liquidity and technological expertise into acquired banks and apply a long-term ownership approach. Building on Luminor\u2019s strong market position, our goal is to further strengthen the bank\u2019s role in the Baltic states and contribute to the development of the region\u2019s financial system, lending activity and financial innovation.’<\/em><\/p>\nWojciech Sass, Chief Executive Officer of Luminor, said: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/strong><\/p>\n\u2018This transaction is an important step in our development. Both Luminor and OTP share a clear commitment to customers, long-term value creation, and financing the real economy of our home markets. As part of OTP, Luminor will have the backing of an experienced international banking group with a strong presence across Central and Eastern Europe. I want to thank Luminor employees for their contribution to Luminor\u2019s development and their continued dedication to supporting our customers and the Baltic economies.’<\/em><\/p>\nCompletion of the transaction is subject to obtaining the necessary regulatory approvals.<\/p>\n
* * *<\/p>\n
About OTP<\/strong><\/p>\nOTP Group is a leading banking group in Central and Eastern Europe, serving 17.5 million customers across 11 countries. Over the past two decades, the Group has built a strong track record in cross-border acquisitions and integrations, successfully completing 25 bank acquisitions since 2001. Its strategy is to establish leading market positions through long-term investment, combining strong capital and liquidity with expertise in digital banking, risk management and operational excellence.<\/p>\n
The Group’s total assets exceed EUR 130 billion, and it delivered a return on equity of more than 21% in 2025. OTP Bank has been listed on the Budapest Stock Exchange since 1995 and has a diversified shareholder structure with no state ownership.<\/p>\n
The banking group has received numerous international accolades in recent years in recognition of its outstanding performance. Based on objective performance indicators, it ranked second in S&P Global Market Intelligence\u2019s 2025 European bank efficiency ranking. In addition, The Banker<\/em> has named OTP Bank the largest bank in Central and Eastern Europe for the third consecutive year. In the latest Forbes Global 2000<\/em> ranking, OTP Bank was listed among the world\u2019s top 400 companies based on its financial performance metrics.<\/p>\nAbout Luminor<\/strong><\/p>\nLuminor is the third-largest provider of financial services in the Baltic region and serves the financial needs of individuals, families, and companies. In 2025, the bank generated a net profit of EUR 158 million, with a return on equity of 8.6%. Its capital position is particularly strong, with a CET1 ratio of 20.2% and a total capital adequacy ratio of 24.6% at 31 December 2025.<\/p>\n
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OTP Group to enter the Baltic markets, expanding its presence to 14 countries and increasing its total assets by over 10%, while the share of its operations within the euro zone will reach 50%. \u00a0OTP Bank has signed an agreement with a consortium of private equity funds managed by Blackstone, and DNB Bank, to acquire […]<\/p>\n","protected":false},"author":4489,"featured_media":759528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"\n
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