Financial highlights
Consolidated financial highlights and share data
Main components of the Statement of recognised income in HUF million
4Q 2022 | 3Q 2023 | 4Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Consolidated after tax profit | 115 184 | 281 067 | 132 581 | -53% | 15% |
Adjustments (after tax) (total) | -38 237 | -26 470 | -97 406 | 268% | 155% |
Consolidated adjusted after tax profit | 153 421 | 307 537 | 229 987 | -25% | 50% |
Pre-tax profit | 181 381 | 360 196 | 304 790 | -15% | 68% |
Operating profit | 223 157 | 363 442 | 340 341 | -6% | 53% |
Total income | 451 147 | 597 805 | 622 196 | 4% | 38% |
Net interest income | 296 499 | 381 778 | 425 043 | 11% | 43% |
Net fees and commissions | 109 527 | 125 172 | 132 066 | 6% | 21% |
Other net non-interest income | 45 121 | 90 855 | 65 086 | -28% | 44% |
Operating expenses | -227 990 | -234 363 | -281 855 | 20% | 24% |
Total risk costs | -41 777 | -3 246 | -35 551 | 995% | -15% |
Corporate taxes | -27 960 | -52 659 | -74 803 | 42% | 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 2022 | 3Q 2023 | 4Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Total assets | 32 804 210 | 39 574 032 | 39 609 144 | 0% | 21% |
Total customer loans (net, FX adjusted) | 17 929 314 | 21 151 992 | 21 447 380 | 1% | 20% |
Total customer loans (gross, FX adjusted) | 18 858 498 | 22 154 030 | 22 466 415 | 1% | 19% |
Performing (Stage 1+2) customer loans (gross, FX-adjusted) | 17 946 407 | 21 202 682 | 21 496 534 | 1% | 20% |
Allowances for possible loan losses (FX adjusted) | -929 184 | -1 002 038 | -1 019 035 | 2% | 10% |
Total customer deposits (FX adjusted) | 24 320 092 | 28 467 637 | 29 428 284 | 3% | 21% |
Issued securities | 870 682 | 2 082 052 | 2 095 548 | 1% | 141% |
Subordinated loans | 301 984 | 584 626 | 562 396 | -4% | 86% |
Total shareholders' equity | 3 322 312 | 4 006 741 | 4 094 793 | 2% | 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 2022 | 3Q 2023 | 4Q 2023 | Q-o-Q | Y-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%p | 4.6%p |
ROA (from adjusted profit after tax) | 1.8% | 3.2% | 2.3% | -0.9%p | 0.5%p |
Operating profit margin | 2.63% | 3.77% | 3.41% | -0.35%p | 0.78%p |
Total income margin | 5.32% | 6.20% | 6.24% | 0.04%p | 0.92%p |
Net interest margin | 3.50% | 3.96% | 4.26% | 0.31%p | 0.77%p |
Cost-to-asset ratio | 2.69% | 2.43% | 2.83% | 0.40%p | 0.14%p |
Cost/income ratio | 50.5% | 39.2% | 45.3% | 6.1%p | -5.2%p |
Provision for impairment on loan losses-to-average gross loans ratio | 0.66% | 0.04% | 0.52% | 0.48%p | -0.14%p |
Total risk cost-to-asset ratio | 0.49% | 0.03% | 0.36% | 0.32%p | -0.14%p |
Effective tax rate | 15.4% | 14.6% | 24.5% | 9.9%p | 9.1%p |
Net loan/(deposit+retail bond) ratio (FX adjusted) | 74% | 74% | 72% | -1%p | -1%p |
Capital adequacy ratio (consolidated, IFRS) - Basel3 | 17.8% | 18.8% | 18.9% | 0.1%p | 1.1%p |
Tier1 ratio - Basel3 | 16.4% | 16.4% | 16.6% | 0.2%p | 0.2%p |
Common Equity Tier 1 ('CET1') ratio - Basel3 | 16.4% | 16.4% | 16.6% | 0.2%p | 0.2%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 2022 | 3Q 2023 | 4Q 2023 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
EPS diluted (HUF) (from after tax profit) | 427 | 1 049 | 494 | -53% | 16% |
EPS diluted (HUF) (from adjusted profit after tax) | 571 | 1 151 | 860 | -25% | 51% |
Closing price (HUF) | 10 110 | 13 300 | 15 800 | 19% | 56% |
Highest closing price (HUF) | 10 890 | 14 695 | 16 030 | 9% | 47% |
Lowest closing price (HUF) | 7 908 | 11 605 | 13 130 | 13% | 66% |
Market Capitalization (EUR billion) | 7.1 | 9.5 | 11.6 | 21% | 63% |
Book Value Per Share (HUF) | 12 363 | 14 993 | 15 305 | 2% | 24% |
Tangible Book Value Per Share (HUF) | 11 750 | 14 328 | 14 599 | 2% | 24% |
Price/Book Value | 0.8 | 0.9 | 1.0 | 16% | 26% |
Price/Tangible Book Value | 0.9 | 0.9 | 1.1 | 17% | 26% |
P/E (trailing, from after tax profit) | 8.2 | 3.8 | 4.5 | 17% | -45% |
P/E (trailing, from adjusted profit after tax) | 4.8 | 4.0 | 4.4 | 10% | -8% |
Average daily turnover (EUR million) | 13 | 17 | 16 | -10% | 25% |
Average daily turnover (million share) | 0.5 | 0.5 | 0.4 | -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
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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