Hungary's OTP closes purchase of Russian bank

Budapest  -  Hungary's top bank OTP on Wednesday said it had closed the 40.95-million-dollar purchase of Russia's Donskoy Narodny Bank.

OTP said that it would now begin merging the bank with OAO OTP, formerly Investsberbank, its larger Russian subsidiary.

The bank considers Russia a growth market and has said it will continue to seek expansion opportunities there. (dpa)

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