OTP Bank bought HUF 1.8bn worth of treasury shares on the Budapest Stock Exchange this week. The Hungarian lender increased its shares by 255,084 for an average price of HUF 7,007 per share. The move follows a shareholder mandate requesting OTP increase its treasury holding to as much as 70 million shares. After the transaction, OTPʼs treasury share stock rose to 2.073 million or 1.36 percent of total shares.
