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Hungary’s leading lender beat even the most bullish forecasts in its Q4 earnings report, which showed consolidated after-tax profit rising 15% year-on-year to HUF133bn (€340mn) and full-year profit just a tad below the HUF1 trillion mark, up 185%. In the earnings report published in the early hours of March 8 before the bell, the company said Q4 earnings were affected by HUF90bn in special items, including HUF59.5bn from the sale of its Romanian unit and HUF18bn in badwill related to its recently acquired Uzbek unit. At the Uzbek unit, OTP said management expected normalising risk costs, an im…

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