November 10 (SeeNews) - Hungarian financial services group OTP said on Friday that the after-tax profit of its Romanian unit OTP Bank Romania totalled 18 billion Hungarian forints ($50.9 million/47.7 million euro) in the first nine months of the year, compared to a loss of 1 billion forints in the prior-year period.
OTP Bank Romania's operating profit rose 37% year-on-year, reaching 15.7 billion forints, OTP said in an interim financial report.
Net interest income inched up by 5% on the year to 39.6 billion forints, while net fee and commission income rose 15% to nearly 4 billion forints in the January-September period of 2023. First-half operating expenses rose by an annual 7% to 35 billion forints.
The Romanian unit's total assets edged down 1% to 1.663 trillion forints at the end of September, from 1.687 trillion forints at the end of December 2022.
OTP Bank Romania's gross loans to customers decreased by 5% year-on-year in the first nine months, reaching 1.166 trillion forints, while deposits rose by an annual 2% to 1.018 billion forints, OTP said.
OTP Bank Romania had a network of 97 branches and 1,826 employees at the end of September.
(1 euro = 377.519 forints)
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