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Article: OTP group members' combined profit up 86% in H1 - led by DSK, mortgage bank.
- Article from:
- Hungary Business News
- Article date:
- August 15, 2005
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OTP group members' combined profit up 86% in H1 - led by DSK, mortgage bank
Budapest. August 12. INTERFAX-EUROPE - Members of the OTP banking group boosted their profits by 86% to HUF 30.8 billion (USD 160 million) in the first half of 2005, with Bulgaria's DSK group, leasing group Merkantil and OTP Mortgage bank contributing the most, figures in OTP's Q2 flash report reveal.
Compared to the base period, two new subsidiaries were consolidated into the OTP group, but their net effect on group results was neutral. RoBank (now OTP Bank Romania), which OTP acquired in July 2004, had pre-tax losses of HUF 792 million in H1, while the first-time consolidation ...