OTP Bank Has Best Three-Day Rally in Five Months on Hungary Aid
OTP Bank Nyrt. (OTP), Hungary’s biggest lender, headed for its steepest three-day advance in almost five months after the European Union’s most-indebted eastern member state yesterday won approval to start bailout talks.
The stock climbed 0.8 percent to 3,840 forint by 11:30 a.m. in Budapest. A close at that level would mark a 14 percent gain in three days, the most since the same period ended Nov. 30.
To contact the reporter on this story: Krystof Chamonikolas in Prague at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.