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OTP Bank Romania registered a RON 13 million after tax profit in 2011

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Publicat la: 2012-03-12 08:12 Ultima actualizare: 2012-03-12 08:12

According to the original report submitted to the Budapest Stock Exchange, the Romanian subsidiary of OTP Group ended the year 2011 with a positive financial performance. Thus, OTP Bank Romania registered a RON 13 million after tax profit, while the operating result remained stable during the year, said the bank in a statement.rnrnThe full-year net fee and commission income remained almost constant (+1%), up to RON 37 million.rnrnThe moderate operating cost increase of 3% reflects solid cost control, bearing in mind the inflationary environment.rnrnThe loan portfolio, both corporate and mortgage expanded considerably on a yearly basis (8%). Moreover, the corporate loan volumes grew, during each quarter of 2011.rnrnThe debtor protection program continued in 2011 as well. Thus, at the end of the year, 14% of the households’ loan portfolio of OTP Bank Romania was involved in this successful program.rnrnThe capital adequacy ratio was 13.4% and registered a 0.7%-point increase, in the fourth quarter of 2011, compared to the previous quarter.rnrnThe complete results can be seen in the table at this link.rnrnThe complete report published in Budapest, by OTP Bank Plc., can be accessed here: http://www.otpbank.ro/en/about-us/otp-bank-romania/annual-reports/index.htmlrnrnOTP Bank Romania is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia, for more than 12 million clients, through almost 1500 branch offices, the ATM network and electronic channels

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