Financial highlights
Consolidated financial highlights and share data
Main components of the Statement of recognised income in HUF million
1Q 2022 | 4Q 2022 | 1Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Consolidated after tax profit | -33 405 | 115 184 | 194 762 | 69% | -683% |
Adjustments (after tax) (total) | -122 029 | -38 237 | 7 643 | -120% | -106% |
Consolidated adjusted after tax profit | 88 624 | 153 421 | 187 119 | 22% | 111% |
Pre-tax profit | 118 079 | 181 381 | 222 663 | 23% | 89% |
Operating profit | 190 969 | 223 157 | 231 861 | 4% | 21% |
Total income | 361 200 | 451 147 | 457 129 | 1% | 27% |
Net interest income | 239 779 | 296 499 | 312 064 | 5% | 30% |
Net fees and commissions | 85 725 | 109 527 | 103 227 | -6% | 20% |
Other net non-interest income | 35 696 | 45 121 | 41 839 | -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 | -35 544 | 27% | 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 2022 | 4Q 2022 | 1Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Total assets | 28 790 272 | 32 804 210 | 36 175 001 | 10% | 26% |
Total customer loans (net, FX adjusted) | 16 394 572 | 17 946 526 | 19 852 496 | 11% | 21% |
Total customer loans (gross, FX adjusted) | 17 351 557 | 18 896 802 | 20 850 594 | 10% | 20% |
Performing (Stage 1+2) customer loans (gross, FX-adjusted) | 16 450 508 | 17 970 404 | 19 873 090 | 11% | 21% |
Allowances for possible loan losses (FX adjusted) | -956 985 | -950 277 | -998 098 | 5% | 4% |
Total customer deposits (FX adjusted) | 22 245 585 | 24 305 001 | 27 390 195 | 13% | 23% |
Issued securities | 417 042 | 870 682 | 1 098 612 | 26% | 163% |
Subordinated loans | 282 199 | 301 984 | 551 492 | 83% | 95% |
Total shareholders' equity | 2 923 250 | 3 322 312 | 3 378 194 | 2% | 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 2022 | 4Q 2022 | 1Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
ROE (from after tax profit) | -4.6% | 13.4% | 24.0% | 10.5%p | 28.5%p |
ROE (from adjusted profit after tax) | 12.1% | 17.9% | 23.0% | 5.1%p | 10.9%p |
ROA (from adjusted profit after tax) | 1.3% | 1.8% | 2.2% | 0.4%p | 0.9%p |
Operating profit margin | 2.73% | 2.63% | 2.72% | 0.09%p | -0.01%p |
Total income margin | 5.17% | 5.32% | 5.37% | 0.05%p | 0.20%p |
Net interest margin | 3.43% | 3.50% | 3.66% | 0.17%p | 0.24%p |
Cost-to-asset ratio | 2.43% | 2.69% | 2.65% | -0.04%p | 0.21%p |
Cost/income ratio | 47.1% | 50.5% | 49.3% | -1.3%p | 2.1%p |
Provision for impairment on loan losses-to-average gross loans ratio | 1.42% | 0.66% | 0.12% | -0.54%p | -1.30%p |
Total risk cost-to-asset ratio | 1.04% | 0.49% | 0.11% | -0.38%p | -0.93%p |
Effective tax rate | 24.9% | 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) - Basel3 | 17.8% | 17.5% | 16.8% | -0.7%p | -1.0%p |
Tier1 ratio - Basel3 | 16.2% | 16.1% | 14.4% | -1.7%p | -1.8%p |
Common Equity Tier 1 ('CET1') ratio - Basel3 | 16.2% | 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 2022 | 4Q 2022 | 1Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
EPS diluted (HUF) (from after tax profit) | -122 | 427 | 723 | 69% | -691% |
EPS diluted (HUF) (from adjusted profit after tax) | 329 | 571 | 696 | 22% | 111% |
Closing price (HUF) | 12 145 | 10 110 | 9 982 | -1% | -18% |
Highest closing price (HUF) | 18 600 | 10 890 | 11 550 | 6% | -38% |
Lowest closing price (HUF) | 10 005 | 7 944 | 9 482 | 19% | -5% |
Market Capitalization (EUR billion) | 9.2 | 7.1 | 7.3 | 4% | -20% |
Book Value Per Share (HUF) | 10 440 | 11 865 | 12 065 | 2% | 16% |
Tangible Book Value Per Share (HUF) | 9 928 | 11 257 | 11 438 | 2% | 15% |
Price/Book Value | 1.2 | 0.9 | 0.8 | -3% | -29% |
Price/Tangible Book Value | 1.2 | 0.9 | 0.9 | -3% | -29% |
P/E (trailing, from after tax profit) | 10.3 | 8.2 | 4.9 | -40% | -53% |
P/E (trailing, from adjusted profit after tax) | 7.3 | 4.8 | 4.0 | -15% | -44% |
Average daily turnover (EUR million) | 46 | 13 | 14 | 10% | -70% |
Average daily turnover (million share) | 1.3 | 0.5 | 0.5 | -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 moreBSE quarterly reports
Regular BSE quarterly reports, interim management reports and the condensed IFRS financial reports
Read moreIFRS reports
Financial statements in accordance with International Financial Reporting Standards (IFRS)
Read moreSustainability reports
Sustainability reports reviewing the corporate responsibility activities of the OTP Group
Read moreCorporate governance reports
Corporate governance reports providing annual discloure on the corporate governance system of OTP Bank
Read moreDisclosure requirement
Disclosure requirement according to Basel II
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