Capital Market Activity
Funding strategy
Background
Traditionally, within OTP Group’s funding sources the customer deposit base has a significant role, primarily due to the strong positions reached by the Group on the Hungarian and Bulgarian deposit markets.
OTP Group put much emphasis on maintaining its strong customer deposit base. FX-adjusted performing (Stage 1 + Stage 2) loan portfolio increased by 16% in 1Q 2026 y-o-y, while deposit base increased by 11%. Due to joint effect of these factors the net loan-to-deposit ratio of the Group changed to 76.8%, it is 3.3 pps FX-adjusted increase on the yearly base. The capital position of the Group is stable with CET1 ratio standing at 17.6% at the end of 1Q 2026.
Funding Sources
OTP Group applies wide range of money market and capital market sources to cover the funding need of its domestic and foreign customer loans. The Group is active primarily on the local capital markets through OTP Bank and OTP Mortgage Bank by issuing several instruments with varying maturity, denomination and structure.
Through its EMTN Programme established in May 2020 and updated on a yearly basis, OTP Bank has a flexible tool to access to the international eurobond markets. Beyond the bond market instruments, from time-to-time OTP Bank uses syndicated and bilateral loans to diversify its funding structure. Out of the foreign subsidiary banks of the OTP Group, OTP banka Slovenia and Ipoteka Bank has outstanding international bonds.
Main components of the consolidated balance sheet (in HUF billion)
| 1Q 2026 | 1Q 2025 | |
|---|---|---|
| Liabilities to credit institutions and governments | 1 573 | 1 958 |
| Customer deposits | 34 865 | 32 419 |
| Issued securities | 2 923 | 2 280 |
| Other liabilities* | 2 184 | 1 906 |
| Subordinated bonds and loans | 494 | 546 |
| Total shareholders' equity | 5 822 | 5 225 |
| Total liabilities and shareholders' equity | 47 861 | 44 333 |
1Q 2026
1Q 2025
- Liabilities to credit institutions and governments1 573
- Customer deposits34 865
- Issued securities2 923
- Other liabilities*2 184
- Subordinated bonds and loans494
- Total shareholders' equity5 822
- Total liabilities and shareholders' equity47 861
- Liabilities to credit institutions and governments1 958
- Customer deposits32 419
- Issued securities2 280
- Other liabilities*1 906
- Subordinated bonds and loans546
- Total shareholders' equity5 225
- Total liabilities and shareholders' equity44 333
*Other liabilities includes Repo liabilities, Financial liabilities designated at fair value through profit or loss, Fair value changes of the hedged items in portfolio hedge of interest rate risk, Derivative financial liabilities held for trading, Derivative financial liabilities designated as hedge accounting, Leasing liabilities, Deferred tax liabilities, Current income tax payable, Provisions, Other liabilities, Liabilities directly associated with assets classified as held for sale
Last update: 15/05/2026