Total risk costs increased 30% to HUF 91.6 billion. The proportion of non-performing loans in the bank’s lending portfolio rose 0.6 percentage point to 19.8% in the twelve months to the end of the period.
The coverage rate on the NPLs rose 4.4 percentage points to 84.4% at the same time. OTP’s profit was a fraction of the HUF 29.4 billion estimate by analysts polled by Portfolio.hu.
Diluted earnings per share came to HUF 7. Net revenue from commissions and fees rose 11% to HUF 44.8 billion.
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