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Bogdan Nitulescu, Tremend
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OTP Bank Romania posts 15 million Euro profit at the end of Q3 2018

OTP Bank Romania recorded a consolidated after-tax profit of 15.09 million Euro, in the first nine months of the year, almost twice as much as in the base period.

2018-11-12 14:38:44

In the first 9 months of 2018, the operating profit of the bank declined by two per cent year-on-year, as a result of higher operating expenses (+11 per cent), partially compensated by higher total income (+ six per cent). The operating expenses were due, in part, to higher wage and personnel (six per cent), reasoned by strengthening business activity.

According to local regulation, the Bank's standalone total assets posted 10.6 billion RON, and the net profit after tax of 55.1 million RON. The capital adequacy ratio of the bank slightly decreased to 16.86 per cent, from 17.06 per cent, compared to the previous quarter.

OTP Group has registered in the first 9 months of 2018 an adjusted after-tax profit of 811 million Euro, with y-o-y growth of 17 per cent.

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