OTP plans 16% revenue growth at parent bank in 2004 - 2004-02-16
OTP Bank's pre-tax profit is expected to increase by 25% next year, while net profit may even grow by 30%, according to plans announced by chairman and CEO Sandor Csanyi on Friday.
OTP expects a monthly increase of about HUF 20 billion in mortgage loan stock, and forecasts average outstandings to exceed HUF 700 billion in 2004. The average mortgage loan stock was around HUF 400 billion in 2003.
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