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Tuesday, 21 July 2026
Economy

Hungary's OTP Bank Signs Agreement to Acquire Baltic Lender Luminor

The deal marks the largest acquisition in OTP Bank's history.

Talivio News · Global 1 min read
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Hungary's OTP Bank has signed an agreement to acquire Luminor, the third-largest banking group in the Baltic region. The transaction represents OTP Bank's largest acquisition to date.

Updates

Following the acquisition, OTP Group is set to expand its geographical presence to 14 countries. Additionally, the transaction is expected to boost the group's total assets by more than 10%.

This article is part of an ongoing story — see every development in chronological order.

Sources

  1. err.ee — Hungary's OTP Bank to buy Luminor (opens in a new window)
  2. investing.com — OTP Bank to acquire Luminor Bank in largest deal to date (opens in a new window)
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