Brief: Hungary's OTP reviews its Russia strategy, including a potential full exit

OTP Bank Nyrt.

28/09/2026 12:45

Sept 28 (Reuters) - Hungary's OTP Bank Nyrt. OTPB.BU says in an emailed statement:
CEO PETER CSANYI SAYS OTP HAS BEGUN REVIEWING ITS RUSSIA-RELATED STRATEGY, INCLUDING A POTENTIAL FULL EXIT FROM RUSSIA
OTP'S REVIEW OF ITS RUSSIA-RELATED STRATEGY IS EXPECTED TO CONCLUDE BY THE END OF THE YEAR
THE OUTCOME OF THE REVIEW SHOULD MAXIMIZE LONG-TERM SHAREHOLDER VALUE WITH PARTICULAR REGARD TO THE SUCCESS OF OTP'S INTERNATIONAL EXPANSION STRATEGY
OTP HAS REDUCED THE NUMBER OF ITS STAFF IN RUSSIA BY 25% AND NUMBER OF BRANCHES BY 40% SINCE THE BEGINNING OF THE WAR 
OTP AIMS TO CONTINUE REDUCING ITS EXPOSURE TO RUSSIA VIA FURTHER DIVIDEND REPATRIATION
OTP'S RUSSIAN BANK HAS BEEN RING-FENCED WITHIN THE OTP GROUP FROM AN OPERATIONAL PERSPECTIVE
THE $880 MILLION IN DIVIDENDS REPATRIATED TO DATE IS NOT BEING USED TO FINANCE OTP'S ACQUISITION OF LUMINOR BANK, CURRENT INVESTMENTS OR ANY OTHER CORPORATE PURPOSE
Further company coverage: OTPB.BU

 (Reporting by Anita Komuves)
 ((KOMUVES.Anita@thomsonreuters.com;))