Laszlo Urban, CFO OTPhttp://summitnotebook.reuters.com/2007/10/16/audio-otp-on-track-for-2007-target-but-with-margin-of-error/ Hungary's OTP bank is on track to meet its 2007 profit target, although one might want to account for a 2-percent margin of error, Chief Financial Officer Laszlo Urban told the Reuters Central European Investment Summit.
The Serb and Russian units at the bank - one of the biggest listed firms in central Europe - were performing under target but a management revamp at the Russian unit means it could regain lost ground in the third quarter, said Urban
...Laszlo Urban, CFO OTPhttp://summitnotebook.reuters.com/2007/10/16/audio-there-are-enough-russian-banks-for-everyone-says-otp/ The recent global credit crunch has turned up the heat on small banks in Russia, which could present opportunities for OTP, the Hungarian bank's Chief Financial Officer Laszlo Urban told the Reuters Central European Investment summit.OTP
remains in the market for a small Russian regional bank and expects to spend $50 million on an acquisition which could be announced as early as this year, said Urban
While others will also be looking for targets in Russia, there will be enough for everyone, said Urban