Hungary's biggest lender OTP Bank is one of two potential buyers picked by the Croatian government to bid in the privatisation of the Croatian Postabank (HPB).
The other bank picked to make a binding offer is Austria's Erste Bank. The two have one month to submit their offers for the state's 99.13 percent stake in HPB.
In the first, non-binding round of bidding, OTP Bank offered 92.2-181 million euros for the stake. Erste Bank offered 130.2 million euros.
If Erste Bank acquires HPB, its market share will climb to 18.8 percent, making it the second-biggest player on Croatia's banking market.
OTP Bank acquired Croatia's Nova Banka in 2005. The bank, renamed OTP Banka Hrvatska, is the eighth biggest market player in terms of total assets.
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