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Business & Economics

Russian business boosts Hungary's OTP Bank profits

Reuters
Summary
Nutrition label

81% Informative

Hungary 's biggest bank, OTP Bank , increased its net profit last year to more than 1.0 trillion forints ( $2.9 billion ) The jump in business in Russia at OTP , the former communist-era state savings bank, is a further lift for Hungary 's largest independent lender.

In its Russian unit, retail customer loans increased by more than 80% .

VR Score

93

Informative language

99

Neutral language

75

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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