BUDAPEST: In the base period, OTP booked a HUF 153.1 bln loss on the impact of legislation requiring banks to compensate borrowers for using exchange rate margins when calculating repayments on foreign currency-denominated loans. Eliminating the effect of these and other extraordinary items in Q2 and the base period, OTP would have reported profit of HUF 40.6 bln, up 4%.
Net interest income fell 12% to HUF 140 bln during the period. Net income from commissions and fees rose 6% to HUF 43.9 bln.
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