Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

3Q 20222Q 20233Q 2023Q-o-QY-o-Y
Consolidated after tax profit189 246382 050281 067-26%49%
Adjustments (after tax) (total)87198 110-26 470-127% 
Consolidated adjusted after tax profit188 374283 940307 5378%63%
Pre-tax profit215 189334 680360 1968%67%
Operating profit247 152325 207363 44212%47%
Total income450 285547 454597 8059%33%
Net interest income290 884340 808381 77812%31%
Net fees and commissions106 075117 681125 1726%18%
Other net non-interest income53 32788 96590 8552%70%
Operating expenses-203 133-222 248-234 3635%15%
Total risk costs-31 9639 473-3 246-134%-90%
Corporate taxes-26 815-50 740-52 6594%96%

3Q 2022

2Q 2023

3Q 2023

Q-o-Q

Y-o-Y

  • Consolidated after tax profit189 246
  • Adjustments (after tax) (total)871
  • Consolidated adjusted after tax profit188 374
  • Pre-tax profit215 189
  • Operating profit247 152
  • Total income450 285
  • Net interest income290 884
  • Net fees and commissions106 075
  • Other net non-interest income53 327
  • Operating expenses-203 133
  • Total risk costs-31 963
  • Corporate taxes-26 815
  • Consolidated after tax profit382 050
  • Adjustments (after tax) (total)98 110
  • Consolidated adjusted after tax profit283 940
  • Pre-tax profit334 680
  • Operating profit325 207
  • Total income547 454
  • Net interest income340 808
  • Net fees and commissions117 681
  • Other net non-interest income88 965
  • Operating expenses-222 248
  • Total risk costs9 473
  • Corporate taxes-50 740
  • 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 profit-26%
  • Adjustments (after tax) (total)-127%
  • Consolidated adjusted after tax profit8%
  • Pre-tax profit8%
  • Operating profit12%
  • Total income9%
  • Net interest income12%
  • Net fees and commissions6%
  • Other net non-interest income2%
  • Operating expenses5%
  • Total risk costs-134%
  • Corporate taxes4%
  • Consolidated after tax profit49%
  • Adjustments (after tax) (total) 
  • Consolidated adjusted after tax profit63%
  • Pre-tax profit67%
  • Operating profit47%
  • Total income33%
  • Net interest income31%
  • Net fees and commissions18%
  • Other net non-interest income70%
  • Operating expenses15%
  • Total risk costs-90%
  • Corporate taxes96%

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

3Q 20222Q 20233Q 2023Q-o-QY-o-Y
Total assets34 022 40536 866 66039 574 0327%16%
Total customer loans (net, FX adjusted)18 081 77621 357 23521 533 5031%19%
Total customer loans (gross, FX adjusted)19 056 16122 375 49822 554 1571%18%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)18 121 42321 450 52421 583 8351%19%
Allowances for possible loan losses (FX adjusted)-974 386-1 018 264-1 020 6540%5%
Total customer deposits (FX adjusted)24 246 51327 938 52028 968 0374%19%
Issued securities587 9871 727 3882 082 05221%254%
Subordinated loans317 367552 883584 6266%84%
Total shareholders' equity3 452 4483 595 5004 006 74111%16%

3Q 2022

2Q 2023

3Q 2023

Q-o-Q

Y-o-Y

  • Total assets34 022 405
  • Total customer loans (net, FX adjusted)18 081 776
  • Total customer loans (gross, FX adjusted)19 056 161
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)18 121 423
  • Allowances for possible loan losses (FX adjusted)-974 386
  • Total customer deposits (FX adjusted)24 246 513
  • Issued securities587 987
  • Subordinated loans317 367
  • Total shareholders' equity3 452 448
  • Total assets36 866 660
  • Total customer loans (net, FX adjusted)21 357 235
  • Total customer loans (gross, FX adjusted)22 375 498
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 450 524
  • Allowances for possible loan losses (FX adjusted)-1 018 264
  • Total customer deposits (FX adjusted)27 938 520
  • Issued securities1 727 388
  • Subordinated loans552 883
  • Total shareholders' equity3 595 500
  • Total assets39 574 032
  • Total customer loans (net, FX adjusted)21 533 503
  • Total customer loans (gross, FX adjusted)22 554 157
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 583 835
  • Allowances for possible loan losses (FX adjusted)-1 020 654
  • Total customer deposits (FX adjusted)28 968 037
  • Issued securities2 082 052
  • Subordinated loans584 626
  • Total shareholders' equity4 006 741
  • Total assets7%
  • 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)0%
  • Total customer deposits (FX adjusted)4%
  • Issued securities21%
  • Subordinated loans6%
  • Total shareholders' equity11%
  • Total assets16%
  • Total customer loans (net, FX adjusted)19%
  • Total customer loans (gross, FX adjusted)18%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)19%
  • Allowances for possible loan losses (FX adjusted)5%
  • Total customer deposits (FX adjusted)19%
  • Issued securities254%
  • Subordinated loans84%
  • Total shareholders' equity16%

Indicators based on adjusted earnings %

3Q 20222Q 20233Q 2023Q-o-QY-o-Y
ROE (from after tax profit)22.9%45.1%29.4%-15.7%p6.5%p
ROE (from adjusted profit after tax)22.8%33.5%32.2%-1.3%p9.4%p
ROA (from adjusted profit after tax)2.3%3.1%3.2%0.0%p0.9%p
Operating profit margin3.00%3.60%3.77%0.17%p0.77%p
Total income margin5.46%6.06%6.20%0.14%p0.74%p
Net interest margin3.53%3.77%3.96%0.19%p0.43%p
Cost-to-asset ratio2.46%2.46%2.43%-0.03%p-0.03%p
Cost/income ratio45.1%40.6%39.2%-1.4%p-5.9%p
Provision for impairment on loan losses-to-average gross loans ratio0.55%-0.06%0.04%0.10%p-0.51%p
Total risk cost-to-asset ratio0.39%-0.10%0.03%0.14%p-0.35%p
Effective tax rate12.5%15.2%14.6%-0.5%p2.2%p
Net loan/(deposit+retail bond) ratio (FX adjusted)75%76%74.%-2%p-1%p
Capital adequacy ratio (consolidated, IFRS) - Basel318.1%17.9%18.8%0.8%p0.6%p
Tier1 ratio - Basel316.7%15.6%16.4%0.8%p-0.3%p
Common Equity Tier 1 ('CET1') ratio - Basel316.7%15.6%16.4%0.8%p-0.3%p

3Q 2022

2Q 2023

3Q 2023

Q-o-Q

Y-o-Y

  • ROE (from after tax profit)22.9%
  • ROE (from adjusted profit after tax)22.8%
  • ROA (from adjusted profit after tax)2.3%
  • Operating profit margin3.00%
  • Total income margin5.46%
  • Net interest margin3.53%
  • Cost-to-asset ratio2.46%
  • Cost/income ratio45.1%
  • Provision for impairment on loan losses-to-average gross loans ratio0.55%
  • Total risk cost-to-asset ratio0.39%
  • Effective tax rate12.5%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)75%
  • Capital adequacy ratio (consolidated, IFRS) - Basel318.1%
  • Tier1 ratio - Basel316.7%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.7%
  • ROE (from after tax profit)45.1%
  • ROE (from adjusted profit after tax)33.5%
  • ROA (from adjusted profit after tax)3.1%
  • Operating profit margin3.60%
  • Total income margin6.06%
  • Net interest margin3.77%
  • Cost-to-asset ratio2.46%
  • Cost/income ratio40.6%
  • Provision for impairment on loan losses-to-average gross loans ratio-0.06%
  • Total risk cost-to-asset ratio-0.10%
  • Effective tax rate15.2%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)76%
  • Capital adequacy ratio (consolidated, IFRS) - Basel317.9%
  • Tier1 ratio - Basel315.6%
  • Common Equity Tier 1 ('CET1') ratio - Basel315.6%
  • 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)-15.7%p
  • ROE (from adjusted profit after tax)-1.3%p
  • ROA (from adjusted profit after tax)0.0%p
  • Operating profit margin0.17%p
  • Total income margin0.14%p
  • Net interest margin0.19%p
  • Cost-to-asset ratio-0.03%p
  • Cost/income ratio-1.4%p
  • Provision for impairment on loan losses-to-average gross loans ratio0.10%p
  • Total risk cost-to-asset ratio0.14%p
  • Effective tax rate-0.5%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-2%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel30.8%p
  • Tier1 ratio - Basel30.8%p
  • Common Equity Tier 1 ('CET1') ratio - Basel30.8%p
  • ROE (from after tax profit)6.5%p
  • ROE (from adjusted profit after tax)9.4%p
  • ROA (from adjusted profit after tax)0.9%p
  • Operating profit margin0.77%p
  • Total income margin0.74%p
  • Net interest margin0.43%p
  • Cost-to-asset ratio-0.03%p
  • Cost/income ratio-5.9%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.51%p
  • Total risk cost-to-asset ratio-0.35%p
  • Effective tax rate2.2%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel30.6%p
  • Tier1 ratio - Basel3-0.3%p
  • Common Equity Tier 1 ('CET1') ratio - Basel3-0.3%p

Share Data

3Q 20222Q 20233Q 2023Q-o-QY-o-Y
EPS diluted (HUF) (from after tax profit)7021 4281 049-27%49%
EPS diluted (HUF) (from adjusted profit after tax)7011 0621 1518%64%
Closing price (HUF)7 90812 13013 30010%68%
Highest closing price (HUF)9 52012 17514 69521%54%
Lowest closing price (HUF)7 8549 48211 60522%48%
Market Capitalization (EUR billion)5.39.29.54%81%
Book Value Per Share (HUF)12 85313 44514 99312%17%
Tangible Book Value Per Share (HUF)12 24512 78214 29012%17%
Price/Book Value0.60.90.9-2%44%
Price/Tangible Book Value0.60.90.9-2%44%
P/E (trailing, from after tax profit)6.33.93.8-1%-39%
P/E (trailing, from adjusted profit after tax)3.94.24.0-4%1%
Average daily turnover (EUR million)12131739%43%
Average daily turnover (million share)0.60.40.519%-13%

3Q 2022

2Q 2023

3Q 2023

Q-o-Q

Y-o-Y

  • EPS diluted (HUF) (from after tax profit)702
  • EPS diluted (HUF) (from adjusted profit after tax)701
  • Closing price (HUF)7 908
  • Highest closing price (HUF)9 520
  • Lowest closing price (HUF)7 854
  • Market Capitalization (EUR billion)5.3
  • Book Value Per Share (HUF)12 853
  • Tangible Book Value Per Share (HUF)12 245
  • Price/Book Value0.6
  • Price/Tangible Book Value0.6
  • P/E (trailing, from after tax profit)6.3
  • P/E (trailing, from adjusted profit after tax)3.9
  • Average daily turnover (EUR million)12
  • Average daily turnover (million share)0.6
  • EPS diluted (HUF) (from after tax profit)1 428
  • EPS diluted (HUF) (from adjusted profit after tax)1 062
  • Closing price (HUF)12 130
  • Highest closing price (HUF)12 175
  • Lowest closing price (HUF)9 482
  • Market Capitalization (EUR billion)9.2
  • Book Value Per Share (HUF)13 445
  • Tangible Book Value Per Share (HUF)12 782
  • Price/Book Value0.9
  • Price/Tangible Book Value0.9
  • P/E (trailing, from after tax profit)3.9
  • P/E (trailing, from adjusted profit after tax)4.2
  • Average daily turnover (EUR million)13
  • Average daily turnover (million share)0.4
  • 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)14 290
  • 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)-27%
  • EPS diluted (HUF) (from adjusted profit after tax)8%
  • Closing price (HUF)10%
  • Highest closing price (HUF)21%
  • Lowest closing price (HUF)22%
  • Market Capitalization (EUR billion)4%
  • Book Value Per Share (HUF)12%
  • Tangible Book Value Per Share (HUF)12%
  • Price/Book Value-2%
  • Price/Tangible Book Value-2%
  • P/E (trailing, from after tax profit)-1%
  • P/E (trailing, from adjusted profit after tax)-4%
  • Average daily turnover (EUR million)39%
  • Average daily turnover (million share)19%
  • EPS diluted (HUF) (from after tax profit)49%
  • EPS diluted (HUF) (from adjusted profit after tax)64%
  • Closing price (HUF)68%
  • Highest closing price (HUF)54%
  • Lowest closing price (HUF)48%
  • Market Capitalization (EUR billion)81%
  • Book Value Per Share (HUF)17%
  • Tangible Book Value Per Share (HUF)17%
  • Price/Book Value44%
  • Price/Tangible Book Value44%
  • P/E (trailing, from after tax profit)-39%
  • P/E (trailing, from adjusted profit after tax)1%
  • Average daily turnover (EUR million)43%
  • Average daily turnover (million share)-13%

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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