OTP Bank Romania posts 92 million RON profit, up 65 percent in 2019

HomeBusiness & InvestmentsEconomicsOTP Bank Romania posts 92 million RON profit, up 65 percent in...

OTP Bank Romania posts 92 million RON profit, up 65 percent in 2019

Published on

March 6, 2020

OTP Bank Romania announces positive financial results for 2019, reporting an adjusted after-tax profit of 92 million RON, up 65% on the previous year, according to the report published in Budapest,

The bank also reported a 17% increase for operating profit y-o-y, following the increase of 22% in total income and an increase of 25% in operating costs. This is directly linked to the Bank’s growth strategy, as the 18% increase in the headcount have determined higher personnel costs.

Business activity has meaningfully intensified along the bank’s organic growth strategy: mortgage lending surged by 74% y-o-y, while the cash loan volumes rose by 15% y-o-y.

OTP Group has registered in 2019 an adjusted after-tax profit of 6.1 billion RON, with y-o-y growth of 29%.

Post Views: 3,483

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...