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OTP Bank Romania's profit surges in 2017 on higher income, stable costs

Hungarian banking group OTP said on Thursday the consolidated adjusted after-tax profit of its Romanian unit surged 88% year-on-year in 2017, reaching 44.85 million lei ($11.9 million/9.62 million euro). OTP Bank Romania's operating profit rose by 12% on the year to 138 million lei in 2017, as a result of stable operating expenses and higher total income, while the net interest income did not change, the bank said in a press ...

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