OTP Bank Romania posts 25% profit increase in 2018

OTP Bank Romania announced an after-tax profit of 55.3 million RON in 2018. The bank registered a profit increase of 25% compared to 2017, as a result of a better operational profit.

The Romanian’s appetite for deposits grew in 2018, when OTP Bank Romania registered an increase of 29% in deposit volumes compared to 2017. The growth was supported by both retail and corporate inflows. The net loan-to-deposit ratio declined to 125%, from 141.6% last year.

At the same time, the volume of non-performing loans resumed the decline in 2018, dropping by RON 42 million in 2018, versus an increase of RON 28.5 million in 2017.

The operating profit improved by 13% in 2018 as a result of higher total income, while operating expenses went higher, both surging by 12%.

According to local regulation, the Bank’s standalone total assets posted RON 11.1 billion, and the net profit after tax of RON 29 million.