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BRIEF-OTP says borrower seeks 25.37 mln euros in damages
December 19, 2016 / 3:56 PM / a year ago

BRIEF-OTP says borrower seeks 25.37 mln euros in damages

Dec 19 (Reuters) - Otp Bank Nyrt

* Hungary’s OTP Bank says an assignee of one of its borrowers (foreign company) has submitted a request for arbitration to the International Chamber of Commerce’s (ICC) International Court of Arbitration

* The arbitration request is by way of damages in the amount of 25,365,636 euros arising from a refusal of performance related to a credit facility agreement. Further company coverage: (Reporting by Sandor Peto)

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