Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

1Q 20234Q 20231Q 2024Q-o-QY-o-Y
Consolidated profit after tax194 762132 581239 96281%23%
Adjustments (after tax) (total)88 535-80 6570-100%-100%
Consolidated adjusted profit after tax106 227213 238239 96213%126%
Pre-tax profit230 348289 725341 23118%48%
Operating profit239 196337 312334 330-1%40%
Total income467 167624 519597 615-4%28%
Net interest income310 767425 634435 3452%40%
Net fees and commissions103 220132 039121 161-8%17%
Other net non-interest income53 18066 84741 109-39%-23%
Operating expenses-227 972-287 208-263 286-8%15%
Total risk costs-8 848-47 5876 902-115%-178%
Corporate taxes-124 121-76 487-101 27032%-18%

1Q 2023

4Q 2023

1Q 2024

Q-o-Q

Y-o-Y

  • Consolidated profit after tax194 762
  • Adjustments (after tax) (total)88 535
  • Consolidated adjusted profit after tax106 227
  • Pre-tax profit230 348
  • Operating profit239 196
  • Total income467 167
  • Net interest income310 767
  • Net fees and commissions103 220
  • Other net non-interest income53 180
  • Operating expenses-227 972
  • Total risk costs-8 848
  • Corporate taxes-124 121
  • Consolidated profit after tax132 581
  • Adjustments (after tax) (total)-80 657
  • Consolidated adjusted profit after tax213 238
  • Pre-tax profit289 725
  • Operating profit337 312
  • Total income624 519
  • Net interest income425 634
  • Net fees and commissions132 039
  • Other net non-interest income66 847
  • Operating expenses-287 208
  • Total risk costs-47 587
  • Corporate taxes-76 487
  • Consolidated profit after tax239 962
  • Adjustments (after tax) (total)0
  • Consolidated adjusted profit after tax239 962
  • Pre-tax profit341 231
  • Operating profit334 330
  • Total income597 615
  • Net interest income435 345
  • Net fees and commissions121 161
  • Other net non-interest income41 109
  • Operating expenses-263 286
  • Total risk costs6 902
  • Corporate taxes-101 270
  • Consolidated profit after tax81%
  • Adjustments (after tax) (total)-100%
  • Consolidated adjusted profit after tax13%
  • Pre-tax profit18%
  • Operating profit-1%
  • Total income-4%
  • Net interest income2%
  • Net fees and commissions-8%
  • Other net non-interest income-39%
  • Operating expenses-8%
  • Total risk costs-115%
  • Corporate taxes32%
  • Consolidated profit after tax23%
  • Adjustments (after tax) (total)-100%
  • Consolidated adjusted profit after tax126%
  • Pre-tax profit48%
  • Operating profit40%
  • Total income28%
  • Net interest income40%
  • Net fees and commissions17%
  • Other net non-interest income-23%
  • Operating expenses15%
  • Total risk costs-178%
  • Corporate taxes-18%

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

1Q 20234Q 20231Q 2024Q-o-QY-o-Y
Total assets36 175 00139 609 14441 481 9875%15%
Total customer loans (net, FX adjusted)20 344 68822 001 25222 320 5411%10%
Total customer loans (gross, FX adjusted)21 346 84023 047 60423 348 3801%9%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)20 362 09022 051 55822 354 1911%10%
Allowances for possible loan losses (FX adjusted)-1 002 153-1 046 352-1 027 839-2%3%
Total customer deposits (FX adjusted)28 099 93130 187 28530 432 8291%8%
Issued securities1 098 6122 095 5482 207 0775%101%
Subordinated loans551 492562 396591 1815%7%
Total shareholders' equity3 378 1944 094 7934 438 9808%31%

1Q 2023

4Q 2023

1Q 2024

Q-o-Q

Y-o-Y

  • Total assets36 175 001
  • Total customer loans (net, FX adjusted)20 344 688
  • Total customer loans (gross, FX adjusted)21 346 840
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)20 362 090
  • Allowances for possible loan losses (FX adjusted)-1 002 153
  • Total customer deposits (FX adjusted)28 099 931
  • Issued securities1 098 612
  • Subordinated loans551 492
  • Total shareholders' equity3 378 194
  • Total assets39 609 144
  • Total customer loans (net, FX adjusted)22 001 252
  • Total customer loans (gross, FX adjusted)23 047 604
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 051 558
  • Allowances for possible loan losses (FX adjusted)-1 046 352
  • Total customer deposits (FX adjusted)30 187 285
  • Issued securities2 095 548
  • Subordinated loans562 396
  • Total shareholders' equity4 094 793
  • Total assets41 481 987
  • Total customer loans (net, FX adjusted)22 320 541
  • Total customer loans (gross, FX adjusted)23 348 380
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 354 191
  • Allowances for possible loan losses (FX adjusted)-1 027 839
  • Total customer deposits (FX adjusted)30 432 829
  • Issued securities2 207 077
  • Subordinated loans591 181
  • Total shareholders' equity4 438 980
  • Total assets5%
  • 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)1%
  • Issued securities5%
  • Subordinated loans5%
  • Total shareholders' equity8%
  • Total assets15%
  • Total customer loans (net, FX adjusted)10%
  • Total customer loans (gross, FX adjusted)9%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)10%
  • Allowances for possible loan losses (FX adjusted)3%
  • Total customer deposits (FX adjusted)8%
  • Issued securities101%
  • Subordinated loans7%
  • Total shareholders' equity31%

Indicators based on adjusted earnings %

1Q 20234Q 20231Q 2024Q-o-QY-o-Y
ROE (from profit after tax)24.0%12.9%22.7%9.7%p-1.3%p
ROE (from adjusted profit after tax)13.1%20.8%22.7%1.9%p9.6%p
ROA (from profit after tax)2.3%1.3%2.4%1.0%p0.1%p
ROA (from adjusted profit after tax)1.2%2.1%2.4%0.2%p1.1%p
Operating profit margin2.81%3.38%3.31%-0.08%p0.50%p
Total income margin5.49%6.26%5.91%-0.36%p0.42%p
Net interest margin3.65%4.27%4.30%0.03%p0.65%p
Cost-to-asset ratio2.68%2.88%2.60%-0.28%p-0.07%p
Cost/income ratio48.8%46.0%44.1%-1.9%p-4.7%p
Provision for impairment on loan losses-to-average gross loans ratio0.12%0.68%-0.17%-0.85%p-0.28%p
Total risk cost-to-asset ratio0.10%0.48%-0.07%-0.55%p-0.17%p
Effective tax rate53.9%26.4%29.7%3.3%p-24.2%p
Net loan/(deposit+retail bond) ratio (FX adjusted)72%72%73%1%p1%p
Capital adequacy ratio (consolidated, IFRS) - Basel317.2%18.9%19.0%0.1%p1.8%p
Tier1 ratio - Basel314.8%16.6%16.7%0.1%p1.9%p
Common Equity Tier 1 ('CET1') ratio - Basel314.8%16.6%16.7%0.1%p1.9%p

1Q 2023

4Q 2023

1Q 2024

Q-o-Q

Y-o-Y

  • ROE (from profit after tax)24.0%
  • ROE (from adjusted profit after tax)13.1%
  • ROA (from profit after tax)2.3%
  • ROA (from adjusted profit after tax)1.2%
  • Operating profit margin2.81%
  • Total income margin5.49%
  • Net interest margin3.65%
  • Cost-to-asset ratio2.68%
  • Cost/income ratio48.8%
  • Provision for impairment on loan losses-to-average gross loans ratio0.12%
  • Total risk cost-to-asset ratio0.10%
  • Effective tax rate53.9%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)72%
  • Capital adequacy ratio (consolidated, IFRS) - Basel317.2%
  • Tier1 ratio - Basel314.8%
  • Common Equity Tier 1 ('CET1') ratio - Basel314.8%
  • ROE (from profit after tax)12.9%
  • ROE (from adjusted profit after tax)20.8%
  • ROA (from profit after tax)1.3%
  • ROA (from adjusted profit after tax)2.1%
  • Operating profit margin3.38%
  • Total income margin6.26%
  • Net interest margin4.27%
  • Cost-to-asset ratio2.88%
  • Cost/income ratio46.0%
  • Provision for impairment on loan losses-to-average gross loans ratio0.68%
  • Total risk cost-to-asset ratio0.48%
  • Effective tax rate26.4%
  • 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 profit after tax)22.7%
  • ROE (from adjusted profit after tax)22.7%
  • ROA (from profit after tax)2.4%
  • ROA (from adjusted profit after tax)2.4%
  • Operating profit margin3.31%
  • Total income margin5.91%
  • Net interest margin4.30%
  • Cost-to-asset ratio2.60%
  • Cost/income ratio44.1%
  • Provision for impairment on loan losses-to-average gross loans ratio-0.17%
  • Total risk cost-to-asset ratio-0.07%
  • Effective tax rate29.7%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)73%
  • Capital adequacy ratio (consolidated, IFRS) - Basel319.0%
  • Tier1 ratio - Basel316.7%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.7%
  • ROE (from profit after tax)9.7%p
  • ROE (from adjusted profit after tax)1.9%p
  • ROA (from profit after tax)1.0%p
  • ROA (from adjusted profit after tax)0.2%p
  • Operating profit margin-0.08%p
  • Total income margin-0.36%p
  • Net interest margin0.03%p
  • Cost-to-asset ratio-0.28%p
  • Cost/income ratio-1.9%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.85%p
  • Total risk cost-to-asset ratio-0.55%p
  • Effective tax rate3.3%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel30.1%p
  • Tier1 ratio - Basel30.1%p
  • Common Equity Tier 1 ('CET1') ratio - Basel30.1%p
  • ROE (from profit after tax)-1.3%p
  • ROE (from adjusted profit after tax)9.6%p
  • ROA (from profit after tax)0.1%p
  • ROA (from adjusted profit after tax)1.1%p
  • Operating profit margin0.50%p
  • Total income margin0.42%p
  • Net interest margin0.65%p
  • Cost-to-asset ratio-0.07%p
  • Cost/income ratio-4.7%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.28%p
  • Total risk cost-to-asset ratio-0.17%p
  • Effective tax rate-24.2%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel31.8%p
  • Tier1 ratio - Basel31.9%p
  • Common Equity Tier 1 ('CET1') ratio - Basel31.9%p

Share Data

1Q 20234Q 20231Q 2024Q-o-QY-o-Y
EPS diluted (HUF) (from profit after tax)72349489581%24%
EPS diluted (HUF) (from adjusted profit after tax)39579789813%127%
Closing price (HUF)9 98215 80016 8006%68%
Highest closing price (HUF)11 55016 03017 5209%52%
Lowest closing price (HUF)9 48213 13015 60019%65%
Market Capitalization (EUR billion)7.311.611.93%62%
Book Value Per Share (HUF)12 57115 30516 6119%32%
Tangible Book Value Per Share (HUF)11 93014 59915 8929%33%
Price/Book Value0.81.01.0-2%27%
Price/Tangible Book Value0.81.11.1-2%26%
P/E (trailing, from profit after tax)4.94.54.52%-7%
P/E (trailing, from adjusted profit after tax)4.64.94.5-7%-1%
Average daily turnover (EUR million)14161817%32%
Average daily turnover (million share)0.50.40.42%-18%

1Q 2023

4Q 2023

1Q 2024

Q-o-Q

Y-o-Y

  • EPS diluted (HUF) (from profit after tax)723
  • EPS diluted (HUF) (from adjusted profit after tax)395
  • 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)12 571
  • Tangible Book Value Per Share (HUF)11 930
  • Price/Book Value0.8
  • Price/Tangible Book Value0.8
  • P/E (trailing, from profit after tax)4.9
  • P/E (trailing, from adjusted profit after tax)4.6
  • Average daily turnover (EUR million)14
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from profit after tax)494
  • EPS diluted (HUF) (from adjusted profit after tax)797
  • 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 profit after tax)4.5
  • P/E (trailing, from adjusted profit after tax)4.9
  • Average daily turnover (EUR million)16
  • Average daily turnover (million share)0.4
  • EPS diluted (HUF) (from profit after tax)895
  • EPS diluted (HUF) (from adjusted profit after tax)898
  • Closing price (HUF)16 800
  • Highest closing price (HUF)17 520
  • Lowest closing price (HUF)15 600
  • Market Capitalization (EUR billion)11.9
  • Book Value Per Share (HUF)16 611
  • Tangible Book Value Per Share (HUF)15 892
  • Price/Book Value1.0
  • Price/Tangible Book Value1.1
  • P/E (trailing, from profit after tax)4.5
  • P/E (trailing, from adjusted profit after tax)4.5
  • Average daily turnover (EUR million)18
  • Average daily turnover (million share)0.4
  • EPS diluted (HUF) (from profit after tax)81%
  • EPS diluted (HUF) (from adjusted profit after tax)13%
  • Closing price (HUF)6%
  • Highest closing price (HUF)9%
  • Lowest closing price (HUF)19%
  • Market Capitalization (EUR billion)3%
  • Book Value Per Share (HUF)9%
  • Tangible Book Value Per Share (HUF)9%
  • Price/Book Value-2%
  • Price/Tangible Book Value-2%
  • P/E (trailing, from profit after tax)2%
  • P/E (trailing, from adjusted profit after tax)-7%
  • Average daily turnover (EUR million)17%
  • Average daily turnover (million share)2%
  • EPS diluted (HUF) (from profit after tax)24%
  • EPS diluted (HUF) (from adjusted profit after tax)127%
  • Closing price (HUF)68%
  • Highest closing price (HUF)52%
  • Lowest closing price (HUF)65%
  • Market Capitalization (EUR billion)62%
  • Book Value Per Share (HUF)32%
  • Tangible Book Value Per Share (HUF)33%
  • Price/Book Value27%
  • Price/Tangible Book Value26%
  • P/E (trailing, from profit after tax)-7%
  • P/E (trailing, from adjusted profit after tax)-1%
  • Average daily turnover (EUR million)32%
  • Average daily turnover (million share)-18%

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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