• OTP Bank Romania registered a net profit of RON 23 million on the first 9 months of 2011
• 8% increase of operating profit
• The loans coverage ratio with provisions dropped with 1.9% over the last quarter
• Over the first 9 months of 2011, the lending activity was focused on retail mortgage loans and SME loans
• The foreign exchange adjusted deposits registered a 19% increase, the main growth driver being the segment of corporate deposits

Bucharest, 18th of November 2011 – According to the original report submitted to the Budapest Stock Exchange, the Romanian subsidiary of OTP Group recorded a net profit of RON 23 million in the first nine months of the year, compared to the similar period of last year, when a loss was registered. This increase was due to the 8% increase in the operating profit and the 52% drop in the risk cost.

In 2011, OTP Bank Romania developed its loan portfolio, with a 3% quarterly growth and 13% in year-to-year, compared to the similar period of last year. Also, year-on-year, the mortgage loan portfolio recorded a 7% growth, while the loans portfolio for Small and Medium-Sized Enterprises increased with 16%.

Due to the attractive interest rates on the corporate deposits segment, the volume of the whole deposits portfolio increased by 17%, compared to the similar period of last year, thus succeeding to offset the 12% decrease registered in the first two quarters.

The complete results can be found in the table below.

The complete report published in Budapest, by OTP Bank Plc., can be accessed here.

OTP Bank Romania is a subsidiary of OTP Bank, the largest independent banking group from Central and Eastern Europe. OTP Bank provides universal services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia for more than 12 million customers, through a territorial network of over 1500 units, the ATM network and electronic channels.

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