OTP Bank Romania, strong development in 2021

  • March 4, 2022
  • Future Banking
  • 1 min read

OTP Bank Romania has registered an after-tax profit of RON 58 million during 2021, more than double the result of the previous year. OTP Group announces the financial results for 2021, which presents the consolidated results adjusted in accordance with the Group´s standards,

Operating profit in 2021 reached RON 123 million, on a downward trend compared to the previous year, mainly because of an 18% increase in operating expenses. The better part of these costs stemmed from the bank’s growth strategy launched in 2019, higher personnel expenses following an 8% y-o-y growth of the average number of employees and also wage hikes.

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