Learn more

The consolidated adjusted net profit of OTP Bank rose 126% year on year to HUF240.0bn (€620mn) with all foreign units posting profits, accounting for three-quarters of earnings. Hungary’s biggest commercial lender booked the full-year amounts for the bank levy and the windfall profit tax, HUF29bn and HUF10bn, respectively in Q1, according to the earnings report released before the bell on May 10. Diluted earnings per share from adjusted after-tax profit came to HUF898. Net interest income jumped 40% to HUF435.3bn, net revenue from commissions and fees increased 17% to HUF121.2bn. OTP released …

cuu