OTP Bank pulls out of Romanian brokerage market
OTP Bank Romania, a unit of Hungary's OTP Bank, will discontinue its brokerage operations, Romania's Mediafax news agency said on Wednesday.
OTP Bank Romania brokered deals worth RON 68.3 million (€15.3 million) in January-November, giving it a paltry 0.37% share of turnover on the Bucharest Stock Exchange. OTP Bank Romania launched its brokerage business in October 2009. This year ING Bank and UniCredit CAIB have also pulled out of the brokerage market in Romania because of low turnover.
MET Group Records 2nd Most Profitable Year in 2023
Gov't Considering Fuel Price Intervention
Nat'l Economy Minister Presses for Incentives to Boost E-Mob...
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
