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Still profitable.

Hungarian banking group OTP reported a profit of 44.3 million euro from operations in Bulgaria, where it owns the country's second-largest lender, DSK Bank. The figure was 21 per cent lower than for the same period of 2008. DSK Bank contributed to the group's rising risk costs, as provisions for non-performing loans tripled year-on-year to 54.2 million euro. In relative terms, the worst deterioration was in the micro and small enterprises segment, the bank said in its half-year report. After imposing strict limits on lending in the first quarter, the bank eased restrictions on consumer and mortgage lending in the second quarter, OTP said.

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Title Annotation:BANKING BRIEFS
Publication:The Sofia Echo (Sofia, Bulgaria)
Date:Aug 21, 2009
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