May 12, 2017 / 4:29 AM / 2 months ago

BRIEF-OTP Bank Q1 profit beats forecast on higher revenue, low risk costs

1 Min Read

May 12 (Reuters) - Hungary's OTP Bank says in Q1 earnings statement:

* Net profit 52.86 billion forints ($185.34 million)

* Higher than 42.76 billion analyst consensus, 34.25 billion profit in Q1 2016

* Total revenue 188.76 billion forints, vs 184.9 billion analyst forecast

* Operating costs of 100 billion forints in line with forecast

* Risk provisioning of 12.5 billion forints lower than 19 billion expected

* Hungarian operation most profitable, all major foreign units deliver robust results Source text: (bit.ly/2qaoGIT) Further company coverage: ($1 = 285.2000 forints) (Reporting by Marton Dunai)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below