OTP Banka Slovensko reported unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported after tax profit without the effect of adjustments of HUF 770 million compared to HUF 90 million a year ago. Profit before income tax was HUF 967 million compared to HUF 140 million a year ago. Operating profit was HUF 754 million compared to HUF 1,801 million a year ago. Total income was HUF 3,644 million compared to HUF 4,437 million a year ago. Net interest income was HUF 2,785 million compared to HUF 3,412 million a year ago. ROA was 0.7% compared to 0.1% a year ago. ROE was 12.1% compared to 1.3% a year ago. Net interest income declined by 16% quarter on quarter and 18% year on year. The quarterly decline to a greater extent was due to a methodology change (at the same time risk costs also came down), but decreasing margins took their toll, too.