Photo: Napi.hu / Lowescher Ábel
OTP Bank announced the completion of the transaction to purchase of Alpha Bank Albania. As the result of the acquisition, OTP Group further stenghtens its market position in Albania. The acquisition makes OTP Bank the fifth largest local player in terms of total assets and the third largest in terms of customer loans.
The integration of OTP Bank Albania and Alpha Bank Albania is expected to be completed in 2023. OTP Bank has been present in Albania since 2018.
OTP Group is one of the most stable financial group in Central and Eastern Europe. It currently provides universal financial services to nearly 16 million customers in 11 countries, has more than 1,400 branches and employs over 37,500 people.