Abk said it has signed a deal with Piraeus Bank, one of the largest private lenders in Greece, to acquire 98.5 per cent of its Egyptian unit as part of its regional expansion strategy.
UBI Banca, which was converted into a joint-stock company in October, has opened three new representative offices since mid-2015 – in New York, Casablanca and the Dubai International Financial Centre.
Its deposits and branches were sold to rival lender Abbey, part of Santander, whereas its loans remained with the government.
On Feb. 19, Nikas, with total debt of 77 million euros, said it signed an accord with some of its creditors involving loan writeoffs
OTP shares advanced 3.4 percent to 6,602 forint by the close in Budapest on Tuesday, extending a six-day rally to 11 percent.