OTP Bank Erases Declines Since Orban Era Began in 2010: Chart

Shares of OTP Bank Nyrt., Hungary’s largest lender, have risen to their highest under Viktor Orban, who took over as prime minister in May 2010 and introduced Europe’s highest bank tax. The conversion of foreign-currency loans to forint and better performance of Russian and Ukrainian units have allowed OTP to cut loan-loss provisions, said Jozsef Miro, an analyst at Erste Group Bank AG’s Hungarian brokerage.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.