Equity
OTP to report further growth in Q1 profits - analysts
- OTP is expected to report further year increase in its key earnings, owing to the integration of newly acquired banks and organic growth.
- Total income is seen up 14% year-on-year at HUF 235 bn, but as operating expenses are also expected to show a similar increase, operating profit is projected 14% higher over the base period.
- Risk costs are seen up at HUF 8.8 bn from HUF 1.3 bn in Q1 2018.
- Analysts believe OTP’s after-tax profit without adjustment items will show a 9% yr/yr rise to HUF 86.3 bn in Q119. Adjustment items are expected at HUF 16.4 bn, hence consolidated after-tax profit is projected to be up 7% at nearly HUF 70 bn.
