Media: OTP Bank could announce Millennium Bank takeover

OTP Bank could announce this Wednesday the takeover of Millennium BCP’s operations in Romania, within an event of ‘great importance for the Romanian banking sector," according to Wall-Street.ro. Millennium BCP has been trying to find a buyer for its Romanian subsidiary for a year, but the deadline agrees with the European Commission was June 2015. In Romania, the bank cut its loss to EUR 5.9 million last year, from EUR 24 million in 2012. Laszlo Diosi, OTP Romania: We have to learn to live with a very low level of interest rates OTP Bank turns to profit in Romania in the first quarter Millennium Bank Romania CEO: 2014 could be the year we break-even Millennium BCP puts Romanian subsidiary on sale during broader restructuring plan editor@romania-insider.com