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OTP Jumps Most in 8 Months on Relief at Hungary FX Loan Rates

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OTP Bank Nyrt., Hungary’s largest lender, surged the most in eight months as the government signaled the bank won’t have to take exchange-rate losses when lenders convert foreign-currency mortgages next year.

The shares rose 5.1 percent to 4,100 forint by the close in Budapest, the most since March 4, as volume climed to more than double the three-month average. The BUX index, in which OTP has the biggest weighting at 31 percent, gained 2.9 percent.