OTP Bank sees more losses in Russia, will handle Ukraine -CEO

April 17, 2015 8:59 AM

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BUDAPEST, April 17 (Reuters) - Hungary's OTP Bank made a loss in Russia for the first time since entering that market, and although its cumulative profit in the past years is still around 100 billion forints, that may melt in the future, OTP's chief said on Friday.

"The Russian economy in the medium term does not ensure that this plus does not melt despite our best efforts," Chief Executive Officer Sandor Csanyi told a shareholder meeting.

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