OTP Bank Slovenia net profit surges in 2023

The operating profit of OTP Bank Slovenia jumped to 140.7 billion forints from 24.0 billion forints, as total income soared to 96.9 billion forints from 23.3 billion forints, OTP Group said in an annual financial report posted on its website.

At the end of December 2023, OTP Bank Slovenia had total assets of 5,892 billion forints, up from 1,791 billion forints the end of 2022.

Gross customer loans (FX-adjusted) grew to 2.796 trillion forints at the end of December from 1.204 trillion forints a year earlier, while customer deposits (FX adjusted) rose to 4.583 trillion forints from 1.467 trillion forints, OTP said.

The Hungarian banking group completed the acquisition of the entire equity capital of Slovenian lender Nova Kreditna Banka Maribor (NKBM) in February 2023. With the transaction closing, OTP has around 30% share in the Slovenian banking market on a pro-forma basis.

(1 euro = 395.015 Hungarian forints)