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BRIEF-OTP Bank sees robust ROE, green light for Splitska deal
April 12, 2017 / 8:55 AM / 7 months ago

BRIEF-OTP Bank sees robust ROE, green light for Splitska deal

April 12 (Reuters) - Hungary’s OTP Bank CEO Sandor Csanyi tells annual shareholder meeting

* Expects ROE to stay “very good” and relatively high among peers in the future

* Return on equity was Europe’s third-highest behind two Swedish banks when share price was at 9,400 forints, near 10-year high, earlier this year

* Expects to receive regulatory approval for acquisition of Croatia’s Splitska Banka from Societe Generale today or tomorrow

* Expects to close Splitska deal shortly, probably by end of month

* 2016 capital adequacy was far higher than 12.5 percent goal because of unsuccessful acquisition attempts, higher than expected profit Further company coverage: (Reporting by Marton Dunai)

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