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OTP Bank Romania announces the financial results for H1 2021: After tax profit marks an increase of nearly 50% compared to the first half of 2020

  • The first semester results show consolidated profit after tax of 27 million lei, increasing by almost 50%.
  • Performing loan volumes continued to grow, reporting +16% on an annual basis. Main sources of growth are new loans, real estate lending and corporate lending.
  • Deposits volumes increased by 28% on annual basis, fuelled by both Retail and Corporate customers.
  • Operating profit reached RON 43 million lei, lower than the base period, because of the slower advance of interest income on the back of lower ROBOR and due to 26% increase in operating expenses in part owed to Apollo growth strategy started in 2019.
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