6 August 2009
OTP Bank selects Lavrynovych and Partners as a legal counsel

Lavrynovych and Partners has been approved as a legal counsel by a new client – OTP Bank, a member of ОТР Group. Lavrynovych and Partners Law Firm and OTP Bank signed a legal services agreement.

Iryna Marushko, Partner of Lavrynovych and Partners: «I suppose that the projects with OTP Bank will be successful because of at least two reasons. On the one hand, this completely western bank is used to the best legal counsels, and for us it is an opportunity to prove that the Ukrainian law firms may render services of the highest standards. On the other hand, we believe that the Banking and Finance is one of our best practice within which we may propose to the client our great experience and knowledge.»

OTP Bank. In June 2006 OTP Bank Plc. (Hungary) has purchased one of the leaders of the Ukrainian financial sector – Raiffeisenbank Ukraine, founded in 1998 as a bank with 100% foreign capital. After the deal closing in November 2006, the bank was renamed to OTP Bank accordingly. The new owner of bank– OTP Bank Plc.– is the largest bank in Hungary with market share of almost 25%.

OTP Group has subsidiaries in Ukraine, Slovakia, Bulgaria, Romania, Croatia, Serbia, and the Russian Federation.