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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| OTP Bank Ltd (PK) | USOTC:OTPIY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 23.57 | 26.45 | 0.00 | 21:05:21 |
From Jul 2019 to Jul 2024
By Veronika Gulyas
BUDAPEST--OTP Bank Nyrt. (OTP.BU), Hungary's largest bank, Friday posted a 10% rise in second-quarter net profit as strong net fees and results of foreign subsidiaries offset higher loan-loss provisions.
Consolidated net profit was 41.1 billion forints (183 million) in the second quarter, compared with HUF37.3 billion a year earlier, well above the HUF34.4 billion profit forecast in a poll of 21 analysts provided by the company. That translated into earnings of HUF153 a share, compared with HUF139 a year earlier.
OTP's foreign subsidiaries' results helped the group-level bottom line, with Russian and Bulgarian operations outperforming, while loss-making Serbian and Montenegrin operations gradually narrowed losses.
OTP is Hungary's largest bank by assets and market share. Its shares closed down 0.8% Thursday at HUF3,745.
Write to Veronika Gulyas at veronika.gulyas@dowjones.com
1 Year OTP Bank (PK) Chart |
1 Month OTP Bank (PK) Chart |
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