OTP Plans Romanian RBS Unit Buy

OTP bank is in discussions to acquire the Romanian branch of Royal Bank of Scotland.

OTP bank is in discussions to acquire the Romanian branch of Royal Bank of Scotland (RBS), Reuters reports, citing Ziarul Financiar. The Hungary-based lender may file the preliminary offer later in May 2011.

Financial details have not been disclosed. OTP has been in talks with several banks about potential acquisitions in Eastern Europe.

Click here for the story from Reuters.