OTP Bank completed the acquisition of Ipoteka Bank.

OTP Bank, a banking services provider, completed the acquisition of Ipoteka Bank, a commercial banking company. Financial terms were not disclosed. “This is a significant milestone in Ipoteka Bank’s journey of growth and transformation, and we are extremely pleased with this outcome for our consumer colleagues and clients. We believe that together with the OTP Bank Group Ipoteka-bank will provide employees an excellent environment to build their careers and bring in new and unique perspectives, expertise, and technologies to better serve our clients,” Elyor Inomjonov, Ipoteka Bank Executive Board Chairman.