OTP Bank Nyrt Reports Separate and Consolidated Earnings Results for the Nine Months Ended September 2019
November 07, 2019
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OTP Bank Nyrt reported separate and consolidated earnings results for nine months ended September 2019. For the nine months, on consolidated basis, Net interest income was HUF 510,866 million against HUF 446,521 million reported a year ago. Net profit for the period was HUF 309,603 million against HUF 240,504 million reported a year ago.
For the nine months, on separate basis, Net interest income was HUF 150,807 million against HUF 140,490 million reported a year ago. Net profit for the period was HUF 130,206 million against HUF 139,758 million reported a year ago.
OTP Bank Nyrt is a Hungary-based commercial bank. The Bank's operations are structured into three business segments: Retail, Corporate and Private banking. The Retail banking segment is involved in account management, bankcards and electronic services through telephone, mobile phone and Internet. The Corporate banking segment offers account-keeping services, financing, investments and electronic services for medium-sized and large companies. The private banking segment offers Hungarian Forint and foreign currencies account management, investment and fund management and loan facilities. The Bank's specialized services, including car leasing, investment funds and insurance are developed and offered by the Bank's subsidiaries, including OTP Fund Management Ltd, OTP Life Annuity Ltd, OTP Travel Ltd, OTP Mortgage Bank and OTP Factoring Ltd, among others.