November 13 (SeeNews) - Hungarian banking group OTP said on Friday its Romanian unit turned to an after-tax profit of 779 million forints ($4.3 million/2.9 million euro) in the first nine months of 2009 from a loss of 196 million forints in the year-ago period.
OTP Bank Romania's gross loan portfolio stood at 295.4 million forints at the end of September, down 7.0% from the end of 2008, the bank said in a statement. Deposits were up 25% from end-2008 at 90.6 million forints.
Bank's assets slightly increased to 369.6 million forints at the end of September from 367.5 million forints at end-2008.
Following are data from OTP Bank Romania's balance sheet and income statement:
|
|
Jan-Sept'09 |
Jan-Sept'08 |
y/y change |
| AFTER-TAX PROFIT (mln forints) |
779 |
-196 |
n.a. |
| NET INTEREST INCOME (mln forints) |
11,650 |
5,584 |
109% |
| Return on assets (pct) |
0.3% |
-0.1% |
0.4% |
| Return on equity (pct) |
4.4% |
-1.1% |
5.5% |
The Hungarian banking group is also present in Bulgaria, Croatia, Serbia and Montenegro.
(1 euro =269.1659 Hungarian forints)