In January-September one of the largest OTP bank reduced losses by 2.7% up to UAH 1.276 billion versus the same period of 2014 (UAH 1.311 billion), the press-service of the bank reports.
It is reported that in the 1st quarter the bank losses made up UAH 1.115 billion, in the 2nd quarter the bank made profit for UAH 127.329 mln, while in the 3rd quarter the losses made up almost UAH 289 mln.
“Despite the stable profitable operational activities of the bank, in the third quarter of 2015 OTP Bank made losses due to additional formation of reserves. As a result, OTP Bank finished the third quarter of 2015 with losses amounting to UAH 288.9 mln. The negative result for three quarters of this year made up UAH 1.28 mln”, as said in the report.
