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OTP Bank Rebounds From Three-Month Low on Fed Growth Assessment

OTP Bank Nyrt. (OTP), Hungary’s largest lender, rebounded from the lowest close in almost three months as the Federal Reserve said the U.S. economy continues to expand, boosting bets on a recovery in the world economy.

The shares rose 0.7 percent to 3,625 forint by 10:10 a.m. in Budapest. The stock fell to 3,600 forint yesterday, the weakest since Jan. 18., after the news website Origo reported that Hungary plans to introduce a financial transaction tax from next year.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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