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OTP Bank Raises Alarm Over Bad Debts
19.09.2013 23:00
OTP Bank Raises Alarm Over Bad Debts
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The Russian branch of Hungarian OTP bank is putting in place an urgent package of steps to cut the share of bad debts, says RBC daily.

      Currently, bad debts account for 20.6 percent of its credit portfolio, up from 14.8 percent last year.

      Net income has almost halved, dropping to RUR 1.5 billion.

      The bank will now rely more on risk management and more effective ways of collection, says RBC daily. 

Author: Mikhail Vesely


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