OTP Bank Nyrt. (BUSE:OTP) signed a non-binding memorandum of agreement to acquire 75% stake in Ipoteka-Bank, Toshkent Sh from Ministry of Finance of the Republic of Uzbekistan on September 29, 2021. The acquisition includes the subsidiaries of Ipoteka-Bank. The terms and conditions of the purchase of the bank will be stipulated in the final share sale and purchase agreement, which the parties are set to conclude before the end of the year.