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OTP to request Albanian finance minister reconsider Albanian.

Europe Intelligence Wire

| December 18, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hungarian News Agency (MTI))

Budapest, December 18, 2003 (MTI-ECONEWS) - Hungary's leading commercial bank OTP will ask Albania's finance minister to remedy the misdoings committed in the bidding procedure for the Albanian Savings Bank, OTP deputy CEO Laszlo Wolf told the Hungarian news agency MTI on Thursday.

Albanian officials were reported to have declared Raiffeisen the winner of the bidding on Wednesday after OTP withdrew its bid on the same day following the Albanian government's proposal of a final contract to the two bidders, which contained terms different from those in the tender invitation. The Albanian government stated it did not intend to …

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