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 13% in 3Q 2025 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 74.5%, it is 1.1 pps FX-adjusted increase on the yearly base. The capital position of the Group is stable with CET1 ratio standing at 18.4% at the end of 3Q 2025.
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)
| 3Q 2025 | 3Q 2024 | |
|---|---|---|
| Liabilities to credit institutions and governments | 1 528 | 1 981 |
| Customer deposits | 33 380 | 30 341 |
| Issued securities | 2 513 | 2 501 |
| Other liabilities* | 1 731 | 1 543 |
| Subordinated bonds and loans | 493 | 392 |
| Total shareholders' equity | 5 431 | 4 798 |
| Total liabilities and shareholders' equity | 45 075 | 41 557 |
3Q 2025
3Q 2024
- Liabilities to credit institutions and governments1 528
- Customer deposits33 380
- Issued securities2 513
- Other liabilities*1 731
- Subordinated bonds and loans493
- Total shareholders' equity5 431
- Total liabilities and shareholders' equity45 075
- Liabilities to credit institutions and governments1 981
- Customer deposits30 341
- Issued securities2 501
- Other liabilities*1 543
- Subordinated bonds and loans392
- Total shareholders' equity4 798
- Total liabilities and shareholders' equity41 557
*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: 07/11/2025