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OTP Bank Rt shuns new BCR tender

OTP Bank Rt does not plan to participate in the new tender recently announced for the privatization of Banca Comerciala Romana (BCR), Miklós Németh, director of project financing and acquisitions said on Friday.

OTP, in consortium with Germany's HVB Group AG was among the shortlisted bidders in the first tender, but the Romanian government decided to postpone the sale last month. "At the same time, OTP will not change its foreign bank acquisition strategy, which lists Romania as one of its primary targets", Németh added.

(BBJ 02.xii.02)

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