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OTP Leads Hungarian Stocks Lower on Europe Debt Crisis Concern

May 14 (Bloomberg) -- OTP Bank Nyrt., 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

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