Hungary-based OTP Bank Nyrt. (BUSE:OTP) is still waiting for buyers to purchase its Romanian branches after some potential deals were cancelled. Interest in OTP Bank Romania has dropped after two of the four potential buyers cancelled their offers.

Currently, Transilvania Bank and Austria-based Raiffesen Bank are in the fray for the unit. The Hungarian bank entered the Romanian market in early 2000 and then acquired Millennium Bank Romania after the 2008 economic crisis. However, further expansion by the firm met with resistance from regulators.

OTP Bank Romania ranks ninth in the Romanian banking market in terms of assets.