OTP Bank to buy Societe Generale's Croatian Splitska Banka
OTP Bank has signed an agreement with Societe Generale to buy its Croatian unit, Splitska Banka. The purchase will see OTP acquire around a 10% share of the Croatian banking market. Splitska is Croatia's fifth largest bank and OTP has run a profitable presence in the country since 2005. The financial terms of the deal, which will finalise in the middle of next year, were not disclosed.

BUDAPEST--Hungary's largest lender by assets and market share, OTP Bank Nyrt. (OTP.BU), said Wednesday it signed an agreement with Societe Generale SA (GLE.FR) to buy the French bank's Croatian unit, Splitska Banka.

OTP Bank didn't disclose financial details of the acquisition.