Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

4Q 20223Q 20234Q 2023Q-o-QY-o-Y
Consolidated after tax profit115 184281 067132 581-53%15%
Adjustments (after tax) (total)-38 237-26 470-97 406268%155%
Consolidated adjusted after tax profit153 421307 537229 987-25%50%
Pre-tax profit181 381360 196304 790-15%68%
Operating profit223 157363 442340 341-6%53%
Total income451 147597 805622 1964%38%
Net interest income296 499381 778425 04311%43%
Net fees and commissions109 527125 172132 0666%21%
Other net non-interest income45 12190 85565 086-28%44%
Operating expenses-227 990-234 363-281 85520%24%
Total risk costs-41 777-3 246-35 551995%-15%
Corporate taxes-27 960-52 659-74 80342%168%

4Q 2022

3Q 2023

4Q 2023

Q-o-Q

Y-o-Y

  • 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 profit281 067
  • Adjustments (after tax) (total)-26 470
  • Consolidated adjusted after tax profit307 537
  • Pre-tax profit360 196
  • Operating profit363 442
  • Total income597 805
  • Net interest income381 778
  • Net fees and commissions125 172
  • Other net non-interest income90 855
  • Operating expenses-234 363
  • Total risk costs-3 246
  • Corporate taxes-52 659
  • Consolidated after tax profit132 581
  • Adjustments (after tax) (total)-97 406
  • Consolidated adjusted after tax profit229 987
  • Pre-tax profit304 790
  • Operating profit340 341
  • Total income622 196
  • Net interest income425 043
  • Net fees and commissions132 066
  • Other net non-interest income65 086
  • Operating expenses-281 855
  • Total risk costs-35 551
  • Corporate taxes-74 803
  • Consolidated after tax profit-53%
  • Adjustments (after tax) (total)268%
  • Consolidated adjusted after tax profit-25%
  • Pre-tax profit-15%
  • Operating profit-6%
  • Total income4%
  • Net interest income11%
  • Net fees and commissions6%
  • Other net non-interest income-28%
  • Operating expenses20%
  • Total risk costs995%
  • Corporate taxes42%
  • Consolidated after tax profit15%
  • Adjustments (after tax) (total)155%
  • Consolidated adjusted after tax profit50%
  • Pre-tax profit68%
  • Operating profit53%
  • Total income38%
  • Net interest income43%
  • Net fees and commissions21%
  • Other net non-interest income44%
  • Operating expenses24%
  • Total risk costs-15%
  • Corporate taxes168%

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

4Q 20223Q 20234Q 2023Q-o-QY-o-Y
Total assets32 804 21039 574 03239 609 1440%21%
Total customer loans (net, FX adjusted)17 929 31421 151 99221 447 3801%20%
Total customer loans (gross, FX adjusted)18 858 49822 154 03022 466 4151%19%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)17 946 40721 202 68221 496 5341%20%
Allowances for possible loan losses (FX adjusted)-929 184-1 002 038-1 019 0352%10%
Total customer deposits (FX adjusted)24 320 09228 467 63729 428 2843%21%
Issued securities870 6822 082 0522 095 5481%141%
Subordinated loans301 984584 626562 396-4%86%
Total shareholders' equity3 322 3124 006 7414 094 7932%23%

4Q 2022

3Q 2023

4Q 2023

Q-o-Q

Y-o-Y

  • Total assets32 804 210
  • Total customer loans (net, FX adjusted)17 929 314
  • Total customer loans (gross, FX adjusted)18 858 498
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)17 946 407
  • Allowances for possible loan losses (FX adjusted)-929 184
  • Total customer deposits (FX adjusted)24 320 092
  • Issued securities870 682
  • Subordinated loans301 984
  • Total shareholders' equity3 322 312
  • Total assets39 574 032
  • Total customer loans (net, FX adjusted)21 151 992
  • Total customer loans (gross, FX adjusted)22 154 030
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 202 682
  • Allowances for possible loan losses (FX adjusted)-1 002 038
  • Total customer deposits (FX adjusted)28 467 637
  • Issued securities2 082 052
  • Subordinated loans584 626
  • Total shareholders' equity4 006 741
  • Total assets39 609 144
  • Total customer loans (net, FX adjusted)21 447 380
  • Total customer loans (gross, FX adjusted)22 466 415
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 496 534
  • Allowances for possible loan losses (FX adjusted)-1 019 035
  • Total customer deposits (FX adjusted)29 428 284
  • Issued securities2 095 548
  • Subordinated loans562 396
  • Total shareholders' equity4 094 793
  • Total assets0%
  • Total customer loans (net, FX adjusted)1%
  • Total customer loans (gross, FX adjusted)1%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)1%
  • Allowances for possible loan losses (FX adjusted)2%
  • Total customer deposits (FX adjusted)3%
  • Issued securities1%
  • Subordinated loans-4%
  • Total shareholders' equity2%
  • Total assets21%
  • Total customer loans (net, FX adjusted)20%
  • Total customer loans (gross, FX adjusted)19%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)20%
  • Allowances for possible loan losses (FX adjusted)10%
  • Total customer deposits (FX adjusted)21%
  • Issued securities141%
  • Subordinated loans86%
  • Total shareholders' equity23%

Indicators based on adjusted earnings %

4Q 20223Q 20234Q 2023Q-o-QY-o-Y
ROE (from after tax profit)13.4%29.4%12.9%-16.5%p-0.5%p
ROE (from adjusted profit after tax)17.9%32.2%22.5%-9.7%p4.6%p
ROA (from adjusted profit after tax)1.8%3.2%2.3%-0.9%p0.5%p
Operating profit margin2.63%3.77%3.41%-0.35%p0.78%p
Total income margin5.32%6.20%6.24%0.04%p0.92%p
Net interest margin3.50%3.96%4.26%0.31%p0.77%p
Cost-to-asset ratio2.69%2.43%2.83%0.40%p0.14%p
Cost/income ratio50.5%39.2%45.3%6.1%p-5.2%p
Provision for impairment on loan losses-to-average gross loans ratio0.66%0.04%0.52%0.48%p-0.14%p
Total risk cost-to-asset ratio0.49%0.03%0.36%0.32%p-0.14%p
Effective tax rate15.4%14.6%24.5%9.9%p9.1%p
Net loan/(deposit+retail bond) ratio (FX adjusted)74%74%72%-1%p-1%p
Capital adequacy ratio (consolidated, IFRS) - Basel317.8%18.8%18.9%0.1%p1.1%p
Tier1 ratio - Basel316.4%16.4%16.6%0.2%p0.2%p
Common Equity Tier 1 ('CET1') ratio - Basel316.4%16.4%16.6%0.2%p0.2%p

4Q 2022

3Q 2023

4Q 2023

Q-o-Q

Y-o-Y

  • 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) - Basel317.8%
  • Tier1 ratio - Basel316.4%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.4%
  • ROE (from after tax profit)29.4%
  • ROE (from adjusted profit after tax)32.2%
  • ROA (from adjusted profit after tax)3.2%
  • Operating profit margin3.77%
  • Total income margin6.20%
  • Net interest margin3.96%
  • Cost-to-asset ratio2.43%
  • Cost/income ratio39.2%
  • Provision for impairment on loan losses-to-average gross loans ratio0.04%
  • Total risk cost-to-asset ratio0.03%
  • Effective tax rate14.6%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)74%
  • Capital adequacy ratio (consolidated, IFRS) - Basel318.8%
  • Tier1 ratio - Basel316.4%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.4%
  • ROE (from after tax profit)12.9%
  • ROE (from adjusted profit after tax)22.5%
  • ROA (from adjusted profit after tax)2.3%
  • Operating profit margin3.41%
  • Total income margin6.24%
  • Net interest margin4.26%
  • Cost-to-asset ratio2.83%
  • Cost/income ratio45.3%
  • Provision for impairment on loan losses-to-average gross loans ratio0.52%
  • Total risk cost-to-asset ratio0.36%
  • Effective tax rate24.5%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)72%
  • Capital adequacy ratio (consolidated, IFRS) - Basel318.9%
  • Tier1 ratio - Basel316.6%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.6%
  • ROE (from after tax profit)-16.5%p
  • ROE (from adjusted profit after tax)-9.7%p
  • ROA (from adjusted profit after tax)-0.9%p
  • Operating profit margin-0.35%p
  • Total income margin0.04%p
  • Net interest margin0.31%p
  • Cost-to-asset ratio0.40%p
  • Cost/income ratio6.1%p
  • Provision for impairment on loan losses-to-average gross loans ratio0.48%p
  • Total risk cost-to-asset ratio0.32%p
  • Effective tax rate9.9%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel30.1%p
  • Tier1 ratio - Basel30.2%p
  • Common Equity Tier 1 ('CET1') ratio - Basel30.2%p
  • ROE (from after tax profit)-0.5%p
  • ROE (from adjusted profit after tax)4.6%p
  • ROA (from adjusted profit after tax)0.5%p
  • Operating profit margin0.78%p
  • Total income margin0.92%p
  • Net interest margin0.77%p
  • Cost-to-asset ratio0.14%p
  • Cost/income ratio-5.2%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.14%p
  • Total risk cost-to-asset ratio-0.14%p
  • Effective tax rate9.1%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel31.1%p
  • Tier1 ratio - Basel30.2%p
  • Common Equity Tier 1 ('CET1') ratio - Basel30.2%p

Share Data

4Q 20223Q 20234Q 2023Q-o-QY-o-Y
EPS diluted (HUF) (from after tax profit)4271 049494-53%16%
EPS diluted (HUF) (from adjusted profit after tax)5711 151860-25%51%
Closing price (HUF)10 11013 30015 80019%56%
Highest closing price (HUF)10 89014 69516 0309%47%
Lowest closing price (HUF)7 90811 60513 13013%66%
Market Capitalization (EUR billion)7.19.511.621%63%
Book Value Per Share (HUF)12 36314 99315 3052%24%
Tangible Book Value Per Share (HUF)11 75014 32814 5992%24%
Price/Book Value0.80.91.016%26%
Price/Tangible Book Value0.90.91.117%26%
P/E (trailing, from after tax profit)8.23.84.517%-45%
P/E (trailing, from adjusted profit after tax)4.84.04.410%-8%
Average daily turnover (EUR million)131716-10%25%
Average daily turnover (million share)0.50.50.4-18%-22%

4Q 2022

3Q 2023

4Q 2023

Q-o-Q

Y-o-Y

  • 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)7 908
  • Market Capitalization (EUR billion)7.1
  • Book Value Per Share (HUF)12 363
  • Tangible Book Value Per Share (HUF)11 750
  • Price/Book Value0.8
  • 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)1 049
  • EPS diluted (HUF) (from adjusted profit after tax)1 151
  • Closing price (HUF)13 300
  • Highest closing price (HUF)14 695
  • Lowest closing price (HUF)11 605
  • Market Capitalization (EUR billion)9.5
  • Book Value Per Share (HUF)14 993
  • Tangible Book Value Per Share (HUF)14 328
  • Price/Book Value0.9
  • Price/Tangible Book Value0.9
  • P/E (trailing, from after tax profit)3.8
  • P/E (trailing, from adjusted profit after tax)4.0
  • Average daily turnover (EUR million)17
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from after tax profit)494
  • EPS diluted (HUF) (from adjusted profit after tax)860
  • Closing price (HUF)15 800
  • Highest closing price (HUF)16 030
  • Lowest closing price (HUF)13 130
  • Market Capitalization (EUR billion)11.6
  • Book Value Per Share (HUF)15 305
  • Tangible Book Value Per Share (HUF)14 599
  • Price/Book Value1.0
  • Price/Tangible Book Value1.1
  • P/E (trailing, from after tax profit)4.5
  • P/E (trailing, from adjusted profit after tax)4.4
  • Average daily turnover (EUR million)16
  • Average daily turnover (million share)0.4
  • EPS diluted (HUF) (from after tax profit)-53%
  • EPS diluted (HUF) (from adjusted profit after tax)-25%
  • Closing price (HUF)19%
  • Highest closing price (HUF)9%
  • Lowest closing price (HUF)13%
  • Market Capitalization (EUR billion)21%
  • Book Value Per Share (HUF)2%
  • Tangible Book Value Per Share (HUF)2%
  • Price/Book Value16%
  • Price/Tangible Book Value17%
  • P/E (trailing, from after tax profit)17%
  • P/E (trailing, from adjusted profit after tax)10%
  • Average daily turnover (EUR million)-10%
  • Average daily turnover (million share)-18%
  • EPS diluted (HUF) (from after tax profit)16%
  • EPS diluted (HUF) (from adjusted profit after tax)51%
  • Closing price (HUF)56%
  • Highest closing price (HUF)47%
  • Lowest closing price (HUF)66%
  • Market Capitalization (EUR billion)63%
  • Book Value Per Share (HUF)24%
  • Tangible Book Value Per Share (HUF)24%
  • Price/Book Value26%
  • Price/Tangible Book Value26%
  • P/E (trailing, from after tax profit)-45%
  • P/E (trailing, from adjusted profit after tax)-8%
  • Average daily turnover (EUR million)25%
  • Average daily turnover (million share)-22%

For further information please view the following pages

Annual reports

Annual reports of OTP Bank

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BSE quarterly reports

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

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IFRS reports

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

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Sustainability reports

Sustainability reports reviewing the corporate responsibility activities of the OTP Group

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Corporate governance reports

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

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Disclosure requirement

Disclosure requirement according to Basel II

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