OTP Bank’s Q3 Profit Rises 7% to HUF 355 bln

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OTP Bank reported a 7% year-on-year increase in third-quarter after-tax profit to HUF 355 billion, supported by higher net interest income. The lender also recorded a slight decline in profit for the first nine months of the year.

OTP Bank’s third-quarter after-tax profit rose 7% year-on-year to HUF 355 billion, supported by higher net interest income, according to an earnings report released Wednesday. Hungary’s largest commercial lender reported a slight decline in profit for the first nine months.