Russian branch of EU bank posts $172 million profit   ...News

Russia Today - Economy
Russian branch of EU bank posts $172 million profit  
A Moscow-based unit of Hungary’s OTP bank brings millions in dividends to the parent company, financial reports show   The Russian subsidiary of the Hungarian OTP Bank will pay nearly $31 million in dividends to its parent company, the bank’s filing published on Tuesday revealed. According to the document, OTP Bank Russia will pay interim dividends worth 2.8 billion rubles ($30.9 million) for January-September 2023 to its Hungary-based parent company under special permission issued by the Central Bank of Russia. In October, the bank’s shareholders decided to pay dividends in the amount of 10.6 billion rubles ($11

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