Summit Notebook

Exclusive outtakes from industry leaders

Audio – OTP on track for 2007 target, but with margin of error

October 16, 2007

Laszlo Urban, CFO OTPHungary’s OTP bank is on track to meet its 2007 profit target, although one might want to account for a 2-percent margin of error, Chief Financial Officer Laszlo Urban told the Reuters Central European Investment Summit.

The Serb and Russian units at the bank — one of the biggest listed firms in central Europe — were performing under target but a management revamp at the Russian unit means it could regain lost ground in the third quarter, said Urban.

 

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