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OTP Bank Romania turns to after-tax loss in Jan-Sept - table

Nov 15, 2012, 5:31:07 PMArticle by Nina Byalkova
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November 15 (SeeNews) - Hungarian banking group OTP said on Thursday its Romanian unit turned to an after-tax loss without dividends, net cash transfers and one-offs of 1.97 billion Hungarian forints ($8.9 million/6.9 million euro) in the first nine months from an after-tax profit of 1.47 billion forints a year earlier.

OTP Bank Romania turns to after-tax loss in Jan-Sept - table

In the third quarter alone, the bank posted an after-tax loss of 1.7 billion forints compared to 9.0 million forints loss in the same quarter last year, OTP said in its third-quarter financial report.

OTP Bank Romania’s operating profit fell 22% to 5.0 billion forints in January-September.

Following are details on OTP Bank Romania's financial results (in billions of forints):

9-mo'12 9-mo'11
After-tax profit/loss -1.966 1.465
Operating profit 5.034 6.493
Net interest income 11.813 13.555
Net fees and commissions 1.170 1.768
Total risk costs -4.916 -7.000
9-mo’12 2011
Total assets 448.383 460.623
Gross customer loans 394.188 375.171
Deposits from customers 120.822 143.422

OTP had a network of 97 branches in Romania at the end of September.

(1 euro=283.7232 Hungarian forints)

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