Hungary’s OTP Bank Seeks More Deals After Profit Boost, CEO Says

Hungary’s largest lender has money to spend after a profit surge and plans to plow ahead with an acquisition spree that has turned it into a regional force, OTP BanK Nyrt. Chairman and Chief Executive Officer Sandor Csanyi said.

“We have to have further plans outside of Hungary, because Hungary is a small market,” Csanyi said in an interview in Budapest on Wednesday. “If there’s a bank for sale in a country where we have a presence, then we’re interested.”

The comments highlight how Csanyi, who’s been at the helm since 1992, is still not done doing deals. He ...