OTP Banka Srbija 2023 after-tax profit rises 84%

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)