OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from the list of international sponsors of the war, and stated that now they expect OTP Bank ‘to promptly adhere to the agreement.’
President Novák and President Zelenskyy engaged in a fruitful one-on-one in Kyiv, which may pave the way for more constructive bilateral relations.
Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary.
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