March 12 (SeeNews) - Hungarian banking group OTP said that its Serbian unit recorded an adjusted after-tax profit of 68 billion Hungarian forints ($188 million/171 million euro) in 2023, up from 37 billion Hungarian forints in 2022.
The net interest income of OTP Banka Srbija grew to 104 billion forints last year from 77 billion forints in 2022, while its net fee and commission income went up 3% to 18.4 billion forints, OTP said in a full-year financial report on Monday.
OTP Banka Srbija’s gross loans to customers fell by 3% on the year to 1.978 trillion forints at end-2023, while deposits from customers rose 20% to 1.868 trillion forints in the period under review.
Total assets increased to 2.875 trillion forints at the end of last year, from 2.709 trillion forints at end-2022.
Among twenty active banks in Serbia at the end of September, OTP Banka Srbija was the second largest lender in terms of assets, preceded only by Italy's Intesa Sanpaolo unit - Banca Intesa Beograd (BIB), latest available central bank figures showed on March 12.
(1 euro = 396.645 Hungarian forints)
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