OTP on track for to hit year profit target-CFO

BUDAPEST May 20 (Reuters) - Hungary's OTP Bank OTPB.BU remains on track to meet its full-year net profit target of above 150 billion forints ($706 million) and first-quarter figures support this target, Chief Financial Office Laszlo Urban said on Wednesday.

"In the light of these numbers ... reviewing the target is not necessary and we continue to see it as achievable," Urban told a news conference after the bank reported its first-quarter results.

OTP's first-quarter net profit fell to 41.81 billion forints from 55.34 billion a year earlier but came well above the average of analysts' forecasts of 26.7 billion forints according to a recent Reuters poll. ($1=212.55 Hungarian forints) (Reporting by Balazs Koranyi; Editing by Greg Mahlich)