Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

1Q 20224Q 20221Q 2023Q-o-QY-o-Y
Consolidated after tax profit-33 405115 184194 76269%-683%
Adjustments (after tax) (total)-122 029-38 2377 643-120%-106%
Consolidated adjusted after tax profit88 624153 421187 11922%111%
Pre-tax profit118 079181 381222 66323%89%
Operating profit190 969223 157231 8614%21%
Total income361 200451 147457 1291%27%
Net interest income239 779296 499312 0645%30%
Net fees and commissions85 725109 527103 227-6%20%
Other net non-interest income35 69645 12141 839-7%17%
Operating expenses-170 231-227 990-225 269-1%32%
Total risk costs-72 890-41 777-9 198-78%-87%
Corporate taxes-29 454-27 960-35 54427%21%

1Q 2022

4Q 2022

1Q 2023

Q-o-Q

Y-o-Y

  • Consolidated after tax profit-33 405
  • Adjustments (after tax) (total)-122 029
  • Consolidated adjusted after tax profit88 624
  • Pre-tax profit118 079
  • Operating profit190 969
  • Total income361 200
  • Net interest income239 779
  • Net fees and commissions85 725
  • Other net non-interest income35 696
  • Operating expenses-170 231
  • Total risk costs-72 890
  • Corporate taxes-29 454
  • Consolidated after tax profit115 184
  • Adjustments (after tax) (total)-38 237
  • Consolidated adjusted after tax profit153 421
  • Pre-tax profit181 381
  • Operating profit223 157
  • Total income451 147
  • Net interest income296 499
  • Net fees and commissions109 527
  • Other net non-interest income45 121
  • Operating expenses-227 990
  • Total risk costs-41 777
  • Corporate taxes-27 960
  • Consolidated after tax profit194 762
  • Adjustments (after tax) (total)7 643
  • Consolidated adjusted after tax profit187 119
  • Pre-tax profit222 663
  • Operating profit231 861
  • Total income457 129
  • Net interest income312 064
  • Net fees and commissions103 227
  • Other net non-interest income41 839
  • Operating expenses-225 269
  • Total risk costs-9 198
  • Corporate taxes-35 544
  • Consolidated after tax profit69%
  • Adjustments (after tax) (total)-120%
  • Consolidated adjusted after tax profit22%
  • Pre-tax profit23%
  • Operating profit4%
  • Total income1%
  • Net interest income5%
  • Net fees and commissions-6%
  • Other net non-interest income-7%
  • Operating expenses-1%
  • Total risk costs-78%
  • Corporate taxes27%
  • Consolidated after tax profit-683%
  • Adjustments (after tax) (total)-106%
  • Consolidated adjusted after tax profit111%
  • Pre-tax profit89%
  • Operating profit21%
  • Total income27%
  • Net interest income30%
  • Net fees and commissions20%
  • Other net non-interest income17%
  • Operating expenses32%
  • Total risk costs-87%
  • Corporate taxes21%

Main components of the adjusted balance sheet (closing balances in HUF million)

1Q 20224Q 20221Q 2023Q-o-QY-o-Y
Total assets28 790 27232 804 21036 175 00110%26%
Total customer loans (net, FX adjusted)16 394 57217 946 52619 852 49611%21%
Total customer loans (gross, FX adjusted)17 351 55718 896 80220 850 59410%20%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)16 450 50817 970 40419 873 09011%21%
Allowances for possible loan losses (FX adjusted)-956 985-950 277-998 0985%4%
Total customer deposits (FX adjusted)22 245 58524 305 00127 390 19513%23%
Issued securities417 042870 6821 098 61226%163%
Subordinated loans282 199301 984551 49283%95%
Total shareholders' equity2 923 2503 322 3123 378 1942%16%

1Q 2022

4Q 2022

1Q 2023

Q-o-Q

Y-o-Y

  • Total assets28 790 272
  • Total customer loans (net, FX adjusted)16 394 572
  • Total customer loans (gross, FX adjusted)17 351 557
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)16 450 508
  • Allowances for possible loan losses (FX adjusted)-956 985
  • Total customer deposits (FX adjusted)22 245 585
  • Issued securities417 042
  • Subordinated loans282 199
  • Total shareholders' equity2 923 250
  • Total assets32 804 210
  • Total customer loans (net, FX adjusted)17 946 526
  • Total customer loans (gross, FX adjusted)18 896 802
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)17 970 404
  • Allowances for possible loan losses (FX adjusted)-950 277
  • Total customer deposits (FX adjusted)24 305 001
  • Issued securities870 682
  • Subordinated loans301 984
  • Total shareholders' equity3 322 312
  • Total assets36 175 001
  • Total customer loans (net, FX adjusted)19 852 496
  • Total customer loans (gross, FX adjusted)20 850 594
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)19 873 090
  • Allowances for possible loan losses (FX adjusted)-998 098
  • Total customer deposits (FX adjusted)27 390 195
  • Issued securities1 098 612
  • Subordinated loans551 492
  • Total shareholders' equity3 378 194
  • Total assets10%
  • Total customer loans (net, FX adjusted)11%
  • Total customer loans (gross, FX adjusted)10%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)11%
  • Allowances for possible loan losses (FX adjusted)5%
  • Total customer deposits (FX adjusted)13%
  • Issued securities26%
  • Subordinated loans83%
  • Total shareholders' equity2%
  • Total assets26%
  • Total customer loans (net, FX adjusted)21%
  • Total customer loans (gross, FX adjusted)20%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21%
  • Allowances for possible loan losses (FX adjusted)4%
  • Total customer deposits (FX adjusted)23%
  • Issued securities163%
  • Subordinated loans95%
  • Total shareholders' equity16%

Indicators based on adjusted earnings %

1Q 20224Q 20221Q 2023Q-o-QY-o-Y
ROE (from after tax profit)-4.6%13.4%24.0%10.5%p28.5%p
ROE (from adjusted profit after tax)12.1%17.9%23.0%5.1%p10.9%p
ROA (from adjusted profit after tax)1.3%1.8%2.2%0.4%p0.9%p
Operating profit margin2.73%2.63%2.72%0.09%p-0.01%p
Total income margin5.17%5.32%5.37%0.05%p0.20%p
Net interest margin3.43%3.50%3.66%0.17%p0.24%p
Cost-to-asset ratio2.43%2.69%2.65%-0.04%p0.21%p
Cost/income ratio47.1%50.5%49.3%-1.3%p2.1%p
Provision for impairment on loan losses-to-average gross loans ratio1.42%0.66%0.12%-0.54%p-1.30%p
Total risk cost-to-asset ratio1.04%0.49%0.11%-0.38%p-0.93%p
Effective tax rate24.9%15.4%16.0%0.5%p-9.0%p
Net loan/(deposit+retail bond) ratio (FX adjusted)74%74%72%-2%p-1%p
Capital adequacy ratio (consolidated, IFRS) - Basel317.8%17.5%16.8%-0.7%p-1.0%p
Tier1 ratio - Basel316.2%16.1%14.4%-1.7%p-1.8%p
Common Equity Tier 1 ('CET1') ratio - Basel316.2%16.1%14.4%-1.7%p-1.8%p

1Q 2022

4Q 2022

1Q 2023

Q-o-Q

Y-o-Y

  • ROE (from after tax profit)-4.6%
  • ROE (from adjusted profit after tax)12.1%
  • ROA (from adjusted profit after tax)1.3%
  • Operating profit margin2.73%
  • Total income margin5.17%
  • Net interest margin3.43%
  • Cost-to-asset ratio2.43%
  • Cost/income ratio47.1%
  • Provision for impairment on loan losses-to-average gross loans ratio1.42%
  • Total risk cost-to-asset ratio1.04%
  • Effective tax rate24.9%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)74%
  • Capital adequacy ratio (consolidated, IFRS) - Basel317.8%
  • Tier1 ratio - Basel316.2%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.2%
  • ROE (from after tax profit)13.4%
  • ROE (from adjusted profit after tax)17.9%
  • ROA (from adjusted profit after tax)1.8%
  • Operating profit margin2.63%
  • Total income margin5.32%
  • Net interest margin3.50%
  • Cost-to-asset ratio2.69%
  • Cost/income ratio50.5%
  • Provision for impairment on loan losses-to-average gross loans ratio0.66%
  • Total risk cost-to-asset ratio0.49%
  • Effective tax rate15.4%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)74%
  • Capital adequacy ratio (consolidated, IFRS) - Basel317.5%
  • Tier1 ratio - Basel316.1%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.1%
  • ROE (from after tax profit)24.0%
  • ROE (from adjusted profit after tax)23.0%
  • ROA (from adjusted profit after tax)2.2%
  • Operating profit margin2.72%
  • Total income margin5.37%
  • Net interest margin3.66%
  • Cost-to-asset ratio2.65%
  • Cost/income ratio49.3%
  • Provision for impairment on loan losses-to-average gross loans ratio0.12%
  • Total risk cost-to-asset ratio0.11%
  • Effective tax rate16.0%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)72%
  • Capital adequacy ratio (consolidated, IFRS) - Basel316.8%
  • Tier1 ratio - Basel314.4%
  • Common Equity Tier 1 ('CET1') ratio - Basel314.4%
  • ROE (from after tax profit)10.5%p
  • ROE (from adjusted profit after tax)5.1%p
  • ROA (from adjusted profit after tax)0.4%p
  • Operating profit margin0.09%p
  • Total income margin0.05%p
  • Net interest margin0.17%p
  • Cost-to-asset ratio-0.04%p
  • Cost/income ratio-1.3%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.54%p
  • Total risk cost-to-asset ratio-0.38%p
  • Effective tax rate0.5%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-2%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel3-0.7%p
  • Tier1 ratio - Basel3-1.7%p
  • Common Equity Tier 1 ('CET1') ratio - Basel3-1.7%p
  • ROE (from after tax profit)28.5%p
  • ROE (from adjusted profit after tax)10.9%p
  • ROA (from adjusted profit after tax)0.9%p
  • Operating profit margin-0.01%p
  • Total income margin0.20%p
  • Net interest margin0.24%p
  • Cost-to-asset ratio0.21%p
  • Cost/income ratio2.1%p
  • Provision for impairment on loan losses-to-average gross loans ratio-1.30%p
  • Total risk cost-to-asset ratio-0.93%p
  • Effective tax rate-9.0%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel3-1.0%p
  • Tier1 ratio - Basel3-1.8%p
  • Common Equity Tier 1 ('CET1') ratio - Basel3-1.8%p

Share Data

1Q 20224Q 20221Q 2023Q-o-QY-o-Y
EPS diluted (HUF) (from after tax profit)-12242772369%-691%
EPS diluted (HUF) (from adjusted profit after tax)32957169622%111%
Closing price (HUF)12 14510 1109 982-1%-18%
Highest closing price (HUF)18 60010 89011 5506%-38%
Lowest closing price (HUF)10 0057 9449 48219%-5%
Market Capitalization (EUR billion)9.27.17.34%-20%
Book Value Per Share (HUF)10 44011 86512 0652%16%
Tangible Book Value Per Share (HUF)9 92811 25711 4382%15%
Price/Book Value1.20.90.8-3%-29%
Price/Tangible Book Value1.20.90.9-3%-29%
P/E (trailing, from after tax profit)10.38.24.9-40%-53%
P/E (trailing, from adjusted profit after tax)7.34.84.0-15%-44%
Average daily turnover (EUR million)46131410%-70%
Average daily turnover (million share)1.30.50.5-3%-60%

1Q 2022

4Q 2022

1Q 2023

Q-o-Q

Y-o-Y

  • EPS diluted (HUF) (from after tax profit)-122
  • EPS diluted (HUF) (from adjusted profit after tax)329
  • Closing price (HUF)12 145
  • Highest closing price (HUF)18 600
  • Lowest closing price (HUF)10 005
  • Market Capitalization (EUR billion)9.2
  • Book Value Per Share (HUF)10 440
  • Tangible Book Value Per Share (HUF)9 928
  • Price/Book Value1.2
  • Price/Tangible Book Value1.2
  • P/E (trailing, from after tax profit)10.3
  • P/E (trailing, from adjusted profit after tax)7.3
  • Average daily turnover (EUR million)46
  • Average daily turnover (million share)1.3
  • EPS diluted (HUF) (from after tax profit)427
  • EPS diluted (HUF) (from adjusted profit after tax)571
  • Closing price (HUF)10 110
  • Highest closing price (HUF)10 890
  • Lowest closing price (HUF)7 944
  • Market Capitalization (EUR billion)7.1
  • Book Value Per Share (HUF)11 865
  • Tangible Book Value Per Share (HUF)11 257
  • Price/Book Value0.9
  • Price/Tangible Book Value0.9
  • P/E (trailing, from after tax profit)8.2
  • P/E (trailing, from adjusted profit after tax)4.8
  • Average daily turnover (EUR million)13
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from after tax profit)723
  • EPS diluted (HUF) (from adjusted profit after tax)696
  • Closing price (HUF)9 982
  • Highest closing price (HUF)11 550
  • Lowest closing price (HUF)9 482
  • Market Capitalization (EUR billion)7.3
  • Book Value Per Share (HUF)12 065
  • Tangible Book Value Per Share (HUF)11 438
  • Price/Book Value0.8
  • Price/Tangible Book Value0.9
  • P/E (trailing, from after tax profit)4.9
  • P/E (trailing, from adjusted profit after tax)4.0
  • Average daily turnover (EUR million)14
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from after tax profit)69%
  • EPS diluted (HUF) (from adjusted profit after tax)22%
  • Closing price (HUF)-1%
  • Highest closing price (HUF)6%
  • Lowest closing price (HUF)19%
  • Market Capitalization (EUR billion)4%
  • Book Value Per Share (HUF)2%
  • Tangible Book Value Per Share (HUF)2%
  • Price/Book Value-3%
  • Price/Tangible Book Value-3%
  • P/E (trailing, from after tax profit)-40%
  • P/E (trailing, from adjusted profit after tax)-15%
  • Average daily turnover (EUR million)10%
  • Average daily turnover (million share)-3%
  • EPS diluted (HUF) (from after tax profit)-691%
  • EPS diluted (HUF) (from adjusted profit after tax)111%
  • Closing price (HUF)-18%
  • Highest closing price (HUF)-38%
  • Lowest closing price (HUF)-5%
  • Market Capitalization (EUR billion)-20%
  • Book Value Per Share (HUF)16%
  • Tangible Book Value Per Share (HUF)15%
  • Price/Book Value-29%
  • Price/Tangible Book Value-29%
  • P/E (trailing, from after tax profit)-53%
  • P/E (trailing, from adjusted profit after tax)-44%
  • Average daily turnover (EUR million)-70%
  • Average daily turnover (million share)-60%

For further information please view the following pages

Annual reports

Annual reports of OTP Bank

Read more

BSE quarterly reports

Regular BSE quarterly reports, interim management reports and the condensed IFRS financial reports

Read more

IFRS reports

Financial statements in accordance with International Financial Reporting Standards (IFRS)

Read more

Sustainability reports

Sustainability reports reviewing the corporate responsibility activities of the OTP Group

Read more

Corporate governance reports

Corporate governance reports providing annual discloure on the corporate governance system of OTP Bank

Read more

Disclosure requirement

Disclosure requirement according to Basel II

Read more

We use cookies to run the website, enhance user experience, monitor website activities and display relevant offers.