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OTP’s Romanian subsidiary boasts 65% higher profit in 2019

OTP Bank, the Romanian subsidiary of the largest banking group in Hungary, reported that its net profit increased by 65% in 2019 compared to 2018, to RON 92 million (some EUR 20 mln). The result does not include the RON 5.4 mln tax on bank assets paid in 2019. The bank’s total assets reached RON 13.8 billion (EUR 2.88 bln) at the end of 2019, 24.3% more compared to the end of 2018. OTP Bank Romania reported a 17% increase ...

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