OTP Bank Rises Most in More Than a Week, Extends 1st-Half Gains
OTP Bank Nyrt. (OTP), Hungary’s largest lender, rose the most in more than a week after European leaders agreed to ease repayment rules for emergency loans to Spanish banks and relax conditions on help for Italy.
The shares rose 2.8 percent to 3,499 forint by 9:37 a.m. in Budapest, the most since June 19. OTP is set for a 8.7 percent drop in the second quarter and an 8.6 percent advance in the first half of 2012.
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