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

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April 12 (Bloomberg) -- OTP Bank Nyrt., 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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