OTP Leads Hungarian Stocks Lower on Europe Debt Crisis Concern

OTP Bank Nyrt. (OTP), Hungary’s largest lender, fell as political deadlock in Greece increased concern the European debt crisis will escalate.

The shares dropped 1.9 percent to 3,651 forint by 9:37 a.m. in Budapest. The benchmark BUX stock index, in which OTP has a 29 percent weighting, weakened 1.2 percent.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.