BalticsPublished: 20 July 2026 at 22:37

Hungary's OTP Bank to acquire Baltic lender Luminor Bank

Hungarian bank OTP Bank has signed an agreement to acquire Luminor Bank, marking its entry into the Baltic market.

The Hungarian bank Országos Takarék Pénztár (OTP Bank) has confirmed its plan to acquire Luminor Bank, a lender operating in the Baltics. The announcement was posted on the bank's website. The transaction involves signing an agreement with a consortium of private equity funds managed by US investment firm Blackstone and DNB Bank. This move signals OTP Bank's entry into the Baltic financial market. Additional details regarding the deal's value or closing timeline have not been disclosed.

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