OTP Bank Falls for Second Day, Leading Hungarian Shares Lower
By Andras Gergely -
2012-06-21T07:25:23Z
OTP Bank Nyrt. (OTP), Hungary’s largest lender, fell for a second day, leading a drop in the country’s shares as a cut in the Federal Reserve’s growth estimates for the U.S. deepened concern the global economy is slowing.
OTP’s shares dropped 2.3 percent to 3,684 forint by 9:18 a.m. in Budapest. The benchmark BUX stock index slid 1.4 percent to 17,536.97.
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
Sponsored Link
Rate this Page
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.