OTP buys Nova KBM (2021)
OTP acquired Nova KBM, Slovenia's second-largest bank, from Apollo and the European Bank for Reconstruction and Development. It was OTP's biggest deal at the time and made OTP the top bank in Slovenia.
OTP merged Nova KBM with its existing Slovenian unit and became the country's market leader.
The deal confirmed OTP's method of buying mid-sized national banks and integrating them, the same approach it now brings to Luminor.
Luminor is the Nova KBM playbook scaled up and moved north. It shows how OTP tends to handle an acquisition once regulators clear it.
