25 August 2009
OTP bank admitted as participant to RoClear system
Central Depository admitted as clearing participant to RoClear system OTP Bank Romania, the institution said in a press release.
The number of credit institutions, authorized by Depozitarul Central as clearing participants to the RoClear system, is now 19.
Last month, OTP bank and a Bulgarian broker have expressed interest in participating in the regulated market under Bucharest Stock Exchange.
“Given the relatively calm period in terms of volume of trades, as well as the facility offered by Bucharest Stock Exchange on membership tax, we considered it was a proper moment to start participating in the BSE trading system”, said Mircea Valceanul, director equity markets at OTP Bank Romania S.A.
OTP Bank Romania is a fully-owned subsidiary of OTP Group, one of the largest banking groups in Central and Eastern Europe. The bank operates in 9 countries and serves up to 13 million clients by offering financial, banking, pensions, insurance and leasing services.
Last month, OTP bank and a Bulgarian broker have expressed interest in participating in the regulated market under Bucharest Stock Exchange.
“Given the relatively calm period in terms of volume of trades, as well as the facility offered by Bucharest Stock Exchange on membership tax, we considered it was a proper moment to start participating in the BSE trading system”, said Mircea Valceanul, director equity markets at OTP Bank Romania S.A.
OTP Bank Romania is a fully-owned subsidiary of OTP Group, one of the largest banking groups in Central and Eastern Europe. The bank operates in 9 countries and serves up to 13 million clients by offering financial, banking, pensions, insurance and leasing services.