BUDAPEST - Moderating risk costs and no new goodwill writedowns allowed Hungarian lender OTP Bank to turn a modest profit in the first quarter even as it paid a hefty bank tax in Hungary and faced a hostile market situation in Ukraine and Russia.
Russia's War Against Ukraine
Reuters: OTP Bank turns profit in the first quarter as risk costs fall, Ukraine weighs
OTP Bank turns a modest profit in the first quarter even with a hostile market situation in Ukraine and Russia.
