Hungarian OTP Bank sees 40% profit surge in Russia
The bank increased its Russian business in 2024, boosting profits despite growing pressure on European banks to reduce Moscow ties.
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FT: Western banks handed €800mn to Kremlin in taxes in 2023 despite promises to exit
Top European banks in Russia paid the Kremlin more than €800mn in taxes last year, four times more than before the all-out war, FT finds.
