OTP Bank weighs full Russia exit to clear Luminor acquisition

Hungary's OTP Bank is considering a complete withdrawal from Russia, a reversal of its previous stance of continued operation since the 2022 invasion. The move is reportedly driven by regulatory concerns over its planned purchase of Baltic lender Luminor Bank, suggesting Western scrutiny of Russian exposure is affecting M&A. The exit is under consideration, not confirmed, and its impact on OTP's balance sheet and the deal's timeline remains uncertain.