OTP Bank Nyrt., Hungary's largest lender, fell to a one-week low after raising estimates for losses at its Ukrainian unit. Further provisioning for bad loans in Ukraine is set to boost the unit's loss to over 50 billion forint ($203 million) this year compared with an earlier estimate of 30 billion forint, OTP said in its third-quarter results published on Nov. 14.
Russia's War Against Ukraine
Bloomberg: OTP shares drop on raised guidance for Ukrainian losses
An elderly woman uses the ATM of the biggest Hungarian public bank, the 'OTP' bank, on Aug. 8, 2011 in Budapest.
