OTP, Hungary’s largest bank, will complete a review of its Russia-related strategy by the end of 2026, including the possibility of a complete exit from the country, Bloomberg reported, citing OTP Group CEO Peter Csanyi.
“Given its strategic interest in the Baltics and the limited progress in upstreaming additional dividends from Russia over the past year, OTP has begun reviewing its Russia-related strategy, including a potential full exit from Russia,” Csanyi told the news agency on Monday.
OTP is gradually reducing its activities in Russia, ceasing corporate lending and limiting cross-border payments, the report added .
OTP’s current market share in Russia is 0.4%, the report noted.