OTP Bank Romania Switches To EUR4.1M Loss In 1Q

05.15.2012 By Florentina Dragu

OTP Bank Romania, the local unit of Hungary’s financial group OTP, has switched to a loss of 1.2 billion Hungarian forints (EUR4.1 million) in the first three months, versus profit a year earlier, due to lower operating profit and higher risk costs, the Hungarian lender said in its financial report.

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