about us | newsletter | contact | archive | members area
Andreea Paun, Griffes
In 2018, we will be delivering Unirii View»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

OTP Bank Romania's profit increased 18 per cent in Q1 2018

OTP Group announces the financial results for the first quarter of 2018. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Group's reporting standards, OTP Bank Romania has registered an after-tax profit of 22.5 million RON.

2018-05-15 14:05:19

This is the strongest quarterly profit ever, with an increase of 18 per cent compared to 2017 results and a q-o-q advance of 60 per cent, supported also by provisions releases.

Operating profit dropped by 34 per cent y-o-y as a result of 5 per cent lower total income and 15 per cent higher operating expenses. On a quarterly base, operating expenses were moderated by 6 per cent. Both personal expenses and amortization costs declined with 14 per cent q-o-q. Within administrative expenses, marketing costs and expert fees came down, too.

The net interest income eroded by 2 per cent y-o-y. Higher interbank rates had negative impact on funding costs, however the bank managed to arrive at a net interest income with 41 per cent higher than Q4 2017. The 4Q accounting correction also had a negative impact on the net interest margin, which dropped by 42 bps y-o-y.



COMMENTS
There is 1 comment:

Josef Lewis: on 2018-05-17 14:52:35
Good-day, I'm Josef Lewis. A reputable, legitimate & accredited lender. We give out loan of all kinds in a very fast and easy way, Personal Loan, Car Loan, Home Loan, Student Loan, Business Loan, Inventor loan, Debt Consolidation. etc

Get approved for a business or personal loans today and get funds within same week of application. These personal loans can be approved regardless of your credit and there are lots of happy customers to back up this claim. But you won’t only get the personal loan you need; you will get the cheapest one. This is our promise: We guarantee The lowest rate for all loans with free collateral benefits.

We strive to leave a positive lasting impression by exceeding the expectations of my customers in everything I do. Our goal is to treat you with dignity and respect while providing the highest quality service in a timely manner. No social security Number required and no credit check required, 100% Guaranteed. Kindly respond immediately using the details below if interested in a loan and be free of scams..

Email: progresiveloan@yahoo.com
Call/Text +1(603) 786-7565 thanks




 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

1 Comment  |  395 View
Daily Info
BearingPoint reaches 560 employees in Romania

Dutch management and technology consultancy firm BearingPoint has reached 560 employees in Romania and plans to continue hiring, local Profit.ro reported.

Taxify Comfort launches in Bucharest to compete with Uber Select

Taxify is launching a new service in Bucharest for all its users, Taxify Comfort, which will include cars of a superior class compared to its regular service, such as Audi A6,...

Uber Eats launches in Bucharest

Uber announced the expansion of its global food delivery app to the Romania's capital. Residents of Bucharest will be able to open the Uber Eats app or visit ubereats.com to o...

AFI Europe Romania posts 13.6 million Euro net operating income, up 12 per cent in Q1 2018

AFI Europe Romania published its financial results; The Net Operating Income from its income producing assets in Romania reached 13.6 million Euro during Q1 2018, representi...

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European R...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

2 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

2 Comments