BUDAPEST -- Hungary's OTP Bank returned to profitability in the third quarter, posting a better-than-expected net profit of 34.1 billion forints ($139 million) after a record loss in the previous quarter, the bank said on Nov. 14.
Russia's War Against Ukraine
Reuters: OTP Bank returns to profit in third quarter, flags more Ukraine losses
OTP Bank warned that provisions amid the ongoing Ukrainian conflict would potentially widen its losses to more than 50 billion forints this year from 30 billion seen earlier.
