Hungary's OTP Bank Plans Full Exit from Russia Amid Sanctions Pressure

OTP Bank, Hungary's largest lender, is preparing to divest its Russian operations, a move that would mark a significant withdrawal by a major European bank still active in Russia. The bank's client base includes Gazprom subsidiaries and contractors linked to Russia's foreign intelligence service (SVR), per Bloomberg. The exit signals accelerating Western corporate disengagement from Russia and could pressure other holdout European banks to follow suit.