OTP Banka Slovensko a.s. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported loss after tax of HUF 1,643 million compared to loss after tax of HUF 561 million a year ago. Loss before income tax was HUF 1,573 million compared to loss before income tax of HUF 540 million a year ago. Operating profit was HUF 871 million compared to HUF 646 million a year ago. Total income was HUF 3,450 million compared to HUF 3,643 million a year ago. Net interest income was HUF 2,927 million compared to HUF 2,914 million a year ago. Negative ROA was 1.7% compared to negative ROA of 0.6% a year ago. Negative ROE was 23.7% compared to negative ROE of 7.8% reported a year ago. For the fourth quarter of 2012 operating profit decreased by 11% quarter-over-quarter, due to the steady total income flow (+1%) and the 6% growth in operating expenses.

For the year, the company reported loss after tax of HUF 1,082 million compared to HUF 409 million a year ago. Loss before income tax was HUF 900 million compared to HUF 336 million a year ago. Operating profit was HUF 3,519 million compared to HUF 3,328 million a year ago. Total income was HUF 14,011 million compared to HUF 13,640 million a year ago. Net interest income was HUF 12,018 million compared to HUF 10,968 million a year ago. Negative ROA was 0.3% compared to negative ROA of 0.1% a year ago. Negative ROE was 3.8% compared to negative ROE of 1.5% a year ago. The company at the end failed to turn into profit making and similar to 2011 it had another loss making year. The negative result was due to higher risk costs in fourth quarter aimed at improving the provision coverage. The operating profit of the bank improved, its net interest income grew by 10% y-o-y with stringent cost management in place.