OTP BANK to acquire LUMINOR HOLDING

OTP Bank has agreed to acquire Luminor Holding in a strategic acquisition within the financial services sector. The transaction was announced on 17 September 2026. The specific financial terms of the deal have not been disclosed by either party involved in this potential business combination. No details regarding the form of consideration, such as cash or stock, were provided in the available information. This move represents a significant development for Luminor Holding as it seeks new ownership and strategic direction under the guidance of OTP Bank. The acquisition aims to integrate Luminor’s operations into OTP Bank’s broader portfolio, potentially enhancing market presence and operational efficiencies within the regional financial landscape. Both entities are expected to collaborate closely during the transition period to ensure continuity for clients and stakeholders.

The transaction is currently in review by relevant regulatory authorities. Completion of the deal remains subject to obtaining necessary approvals from these bodies. No definitive completion date has been established at this stage. Stakeholders await further updates on the progress of the regulatory process. The outcome will determine whether Luminor Holding officially becomes part of OTP Bank’s group structure. Until such time as all conditions are satisfied, the deal remains pending final execution.