OTP Bank Nyrt. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 08, 2024 at 03:37 pm EST
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OTP Bank Nyrt. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was HUF 352,668 million compared to HUF 231,116 million a year ago. Net income was HUF 132,082 million compared to HUF 114,854 million a year ago. Basic earnings per share was HUF 494 compared to HUF 428 a year ago. Diluted earnings per share was HUF 494 compared to HUF 427 a year ago.
For the full year, net interest income was HUF 1,386,706 million compared to HUF 1,026,868 million a year ago. Net income was HUF 988,658 million compared to HUF 346,354 million a year ago. Basic earnings per share was HUF 3,695 compared to HUF 1,289 a year ago. Diluted earnings per share was HUF 3,693 compared to HUF 1,288 a year ago.
OTP Bank Nyrt is a Hungary-based commercial bank. The Bankâs operations are structured into three business segments: Retail, Corporate and Private banking. The Retail banking segment is involved in account management, bankcards and electronic services through telephone, mobile phone and Internet. The Corporate banking segment offers account-keeping services, financing, investments and electronic services for medium-sized and large companies. The private banking segment offers Hungarian Forint and foreign currencies account management, investment and fund management and loan facilities. The Bankâs specialized services, including car leasing, investment funds and insurance are developed and offered by the Bank's subsidiaries, including OTP Fund Management Ltd, OTP Life Annuity Ltd, OTP Travel Ltd, OTP Mortgage Bank and OTP Factoring Ltd, among others.