OTP Bank Romania's Q1 2024 net profit fell 88% to RON 2 million due to reduced revenues and higher expenses.
OTP Bank Romania's Q1 2024 consolidated net profit fell 88% to RON 2 million due to reduced revenues, higher operating expenses, and a new banking tax. The bank's operating profit in the first quarter decreased 34% from the previous quarter, while its assets remained stable at RON 19.7 billion. OTP Group as a whole reported a consolidated profit after tax of HUF 240 billion (RON 3,073 million) in Q1 2024.
May 13, 2024
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