OTP Bank Romania registered 2.6 million euro losses in the first quarter

OTP Bank Romania registered, in the first quarter of the year, losses of almost 2.6 million euro, seven times more than the losses registered in the same period, last year, a quarterly report of the group reveals.

OTP Bank Romania revenues increased in the first quarter of the year by 48% compared to the similar period, last year but dropped by 12% compared to the previous quarter. Interest rate revenues increased to 3.85 billion forint from 1.66 billion forint in the similar period, last year.

Revenues from extra charges increased by 38.7% compared to the first quarter of 2008, but dropped by 76% compared to the last quarter, last year, to 476 billion forint.