August 9 (SeeNews) - Hungarian banking group OTP said on Friday the net profit of its Romanian unit rose to 3.6 billion Hungarian forints ($12.5 million/11.1 million euro) in the first half of 2019, from 1.36 billion forints in the like period last year.
Total income grew 27% on the year to 17.9 billion forints in January-June, while operating expenses rose 26% to 11.95 billion forints, OTP said in its first-half financial report.
Total net interest income rose by an annual 23% to 12.9 billion forints in the first half of 2019.
OTP Bank Romania's gross loan portfolio adjusted for foreign exchange fluctuations totalled 635.6 billion forints at end-June, up 10% year-on-year, as both the corporate book and the retail portfolio expanded. Customer deposits rose by 8% on the year to 470.1 billion forints in the first six months.
The bank's total assets rose by 9% on the year to 838 billion forints at end-June.
OTP Bank Romania had a network of 95 branches and 1,369 employees at the end of June.
(1 euro = 324.8 forints)
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