Awards for Excellence 2018
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When western European banking groups went on spending sprees in the former communist bloc before the financial crisis, they met little competition from within the region. Few local lenders at the time had either the appetite or the capacity for large-scale cross-border expansion.
The notable exception was OTP Group. The Hungarian national champion began buying banks in neighbouring markets in the 1990s and by 2008 had built an international network covering six countries in southeastern Europe, as well as Ukraine and Russia.
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