As noted in the Group’s announcement, OTP Bank has signed an agreement with a consortium of private equity funds managed by Blackstone, as well as with DNB Bank, to acquire Luminor—the third-largest banking group in the Baltic region. In recent years, Luminor has significantly strengthened its business model, expanded its customer base, and advanced the digitalization of its operating model, cementing its role as a universal pan-Baltic bank serving Estonia, Latvia, and Lithuania. OTP Bank will continue to support Luminor’s growth by building on its existing strengths, market positions, and customer relationships. As a strategic investor already serving more than 17.5 million customers, OTP Group aims to ensure a long-term presence in the Baltic region and, through Luminor, actively promote the financial well-being of its customers in key markets. Through the acquisition of Luminor, OTP Group further strengthens its position as a leading banking group in Central and Eastern Europe, while simultaneously entering new, growing markets in the Baltic region. As a result of the transaction, OTP Group’s total assets will increase by approximately 13%, and the share of eurozone operations in the Group’s net loan portfolio will rise from the current 42% to 50%. Péter Csányi, CEO of OTP Bank, noted that the acquisition of Luminor is not merely a geographical expansion but a strategic move into a developed, stable region with significant growth potential. According to him, as one of the leading banking groups in Central and Eastern Europe, OTP Group has, over the past decades, demonstrated its ability to create value in new markets, invests capital, liquidity, and technological expertise in the banks it acquires, and adopts the approach of a long-term owner. Luminor’s Chief Executive Officer (CEO), Wojciech Sass, noted that by becoming part of OTP, Luminor will receive the support of an experienced international banking group with a strong presence in Central and Eastern Europe. The transaction is subject to the necessary regulatory approvals. OTP Group is a leading banking group in Central and Eastern Europe, serving 17.5 million customers in 11 countries. Over the past two decades, the Group has built a solid reputation in cross-border acquisitions and integrations, having successfully completed 25 bank acquisitions since 2001. Its strategy is to achieve market leadership through long-term investments, combining strong capital and liquidity with expertise in digital banking, risk management, and operational efficiency. The Group’s total assets exceed 130 billion euros, and its return on equity (ROE) exceeded 21% in 2025. OTP Bank’s shares have been listed on the Budapest Stock Exchange since 1995, and the bank has a diversified shareholder structure with no state ownership. Luminor is the third-largest financial services provider in the Baltic region, serving the financial needs of individuals, families, and businesses. In 2025, the bank’s net profit amounted to 158 million euros, with a return on equity of 8.6%. Its capital position is particularly strong: as of December 31, 2025, the Common Equity Tier 1 (CET1) ratio stood at 20.2%, and the total capital adequacy ratio was 24.6%.