Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

3Q 20232Q 20243Q 2024Q-o-QY-o-Y
Consolidated profit after tax281 067267 930318 51419%13%
Adjustments (after tax) (total)-13 21400-100%-100%
Consolidated adjusted profit after tax294 281267 930318 51419%8%
Pre-tax profit343 631341 121388 67214%13%
Operating profit361 271387 239415 4887%15%
Total income600 025654 308676 1253%13%
Net interest income385 714442 305444 2350%15%
Net fees and commissions125 181138 690137 485-1%10%
Other net non-interest income89 13073 31394 40529%6%
Operating expenses-238 754-267 069-260 636-2%9%
Total risk costs-17 640-46 118-26 816-42%52%
Corporate taxes-49 349-73 192-70 158-4%42%

3Q 2023

2Q 2024

3Q 2024

Q-o-Q

Y-o-Y

  • Consolidated profit after tax281 067
  • Adjustments (after tax) (total)-13 214
  • Consolidated adjusted profit after tax294 281
  • Pre-tax profit343 631
  • Operating profit361 271
  • Total income600 025
  • Net interest income385 714
  • Net fees and commissions125 181
  • Other net non-interest income89 130
  • Operating expenses-238 754
  • Total risk costs-17 640
  • Corporate taxes-49 349
  • Consolidated profit after tax267 930
  • Adjustments (after tax) (total)0
  • Consolidated adjusted profit after tax267 930
  • Pre-tax profit341 121
  • Operating profit387 239
  • Total income654 308
  • Net interest income442 305
  • Net fees and commissions138 690
  • Other net non-interest income73 313
  • Operating expenses-267 069
  • Total risk costs-46 118
  • Corporate taxes-73 192
  • Consolidated profit after tax318 514
  • Adjustments (after tax) (total)0
  • Consolidated adjusted profit after tax318 514
  • Pre-tax profit388 672
  • Operating profit415 488
  • Total income676 125
  • Net interest income444 235
  • Net fees and commissions137 485
  • Other net non-interest income94 405
  • Operating expenses-260 636
  • Total risk costs-26 816
  • Corporate taxes-70 158
  • Consolidated profit after tax19%
  • Adjustments (after tax) (total)-100%
  • Consolidated adjusted profit after tax19%
  • Pre-tax profit14%
  • Operating profit7%
  • Total income3%
  • Net interest income0%
  • Net fees and commissions-1%
  • Other net non-interest income29%
  • Operating expenses-2%
  • Total risk costs-42%
  • Corporate taxes-4%
  • Consolidated profit after tax13%
  • Adjustments (after tax) (total)-100%
  • Consolidated adjusted profit after tax8%
  • Pre-tax profit13%
  • Operating profit15%
  • Total income13%
  • Net interest income15%
  • Net fees and commissions10%
  • Other net non-interest income6%
  • Operating expenses9%
  • Total risk costs52%
  • Corporate taxes42%

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

3Q 20232Q 20243Q 2024Q-o-QY-o-Y
Total assets39 574 03242 523 60441 556 576-2%5%
Total customer loans (net, FX adjusted)21 691 77822 912 25822 251 462-3%3%
Total customer loans (gross, FX adjusted)22 708 29723 939 62123 213 568-3%2%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 741 13622 935 75522 288 817-3%3%
Allowances for possible loan losses (FX adjusted)-1 016 520-1 027 363-962 106-6%-5%
Total customer deposits (FX adjusted)29 172 86430 920 47930 348 960-2%4%
Issued securities2 082 0522 580 4022 500 940-3%20%
Subordinated loans584 626586 216391 867-33%-33%
Total shareholders' equity4 006 7414 548 1424 798 4096%20%

3Q 2023

2Q 2024

3Q 2024

Q-o-Q

Y-o-Y

  • Total assets39 574 032
  • Total customer loans (net, FX adjusted)21 691 778
  • Total customer loans (gross, FX adjusted)22 708 297
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)21 741 136
  • Allowances for possible loan losses (FX adjusted)-1 016 520
  • Total customer deposits (FX adjusted)29 172 864
  • Issued securities2 082 052
  • Subordinated loans584 626
  • Total shareholders' equity4 006 741
  • Total assets42 523 604
  • Total customer loans (net, FX adjusted)22 912 258
  • Total customer loans (gross, FX adjusted)23 939 621
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 935 755
  • Allowances for possible loan losses (FX adjusted)-1 027 363
  • Total customer deposits (FX adjusted)30 920 479
  • Issued securities2 580 402
  • Subordinated loans586 216
  • Total shareholders' equity4 548 142
  • Total assets41 556 576
  • Total customer loans (net, FX adjusted)22 251 462
  • Total customer loans (gross, FX adjusted)23 213 568
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 288 817
  • Allowances for possible loan losses (FX adjusted)-962 106
  • Total customer deposits (FX adjusted)30 348 960
  • Issued securities2 500 940
  • Subordinated loans391 867
  • Total shareholders' equity4 798 409
  • Total assets-2%
  • Total customer loans (net, FX adjusted)-3%
  • Total customer loans (gross, FX adjusted)-3%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)-3%
  • Allowances for possible loan losses (FX adjusted)-6%
  • Total customer deposits (FX adjusted)-2%
  • Issued securities-3%
  • Subordinated loans-33%
  • Total shareholders' equity6%
  • Total assets5%
  • Total customer loans (net, FX adjusted)3%
  • Total customer loans (gross, FX adjusted)2%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)3%
  • Allowances for possible loan losses (FX adjusted)-5%
  • Total customer deposits (FX adjusted)4%
  • Issued securities20%
  • Subordinated loans-33%
  • Total shareholders' equity20%

Indicators based on adjusted earnings %

3Q 20232Q 20243Q 2024Q-o-QY-o-Y
ROE (from profit after tax)29.4%24.4%27.2%2.8%p-2.2%p
ROE (from adjusted profit after tax)30.8%24.4%27.2%2.8%p-3.5%p
ROA (from profit after tax)2.9%2.6%3.1%0.5%p0.1%p
ROA (from adjusted profit after tax)3.1%2.6%3.1%0.5%p0.0%p
Operating profit margin3.75%3.74%3.98%0.25%p0.24%p
Total income margin6.22%6.31%6.48%0.17%p0.26%p
Net interest margin4.00%4.27%4.26%-0.01%p0.26%p
Cost-to-asset ratio2.48%2.58%2.50%-0.08%p0.02%p
Cost/income ratio39.8%40.8%38.5%-2.3%p-1.2%p
Provision for impairment on loan losses-to-average gross loans ratio0.19%0.45%0.25%-0.20%p0.05%p
Total risk cost-to-asset ratio0.18%0.44%0.26%-0.19%p0.07%p
Effective tax rate14.4%21.5%18.1%-3.4%p3.7%p
Net loan/(deposit+retail bond) ratio (FX adjusted)74%74%73%-1%p-1%p
Capital adequacy ratio (consolidated, IFRS) - Basel318.8%18.8%20.5%1.7%p1.7%p
Tier1 ratio - Basel316.4%17.4%19.1%1.7%p2.7%p
Common Equity Tier 1 ('CET1') ratio - Basel316.4%17.4%19.1%1.7%p2.7%p

3Q 2023

2Q 2024

3Q 2024

Q-o-Q

Y-o-Y

  • ROE (from profit after tax)29.4%
  • ROE (from adjusted profit after tax)30.8%
  • ROA (from profit after tax)2.9%
  • ROA (from adjusted profit after tax)3.1%
  • Operating profit margin3.75%
  • Total income margin6.22%
  • Net interest margin4.00%
  • Cost-to-asset ratio2.48%
  • Cost/income ratio39.8%
  • Provision for impairment on loan losses-to-average gross loans ratio0.19%
  • Total risk cost-to-asset ratio0.18%
  • Effective tax rate14.4%
  • 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 profit after tax)24.4%
  • ROE (from adjusted profit after tax)24.4%
  • ROA (from profit after tax)2.6%
  • ROA (from adjusted profit after tax)2.6%
  • Operating profit margin3.74%
  • Total income margin6.31%
  • Net interest margin4.27%
  • Cost-to-asset ratio2.58%
  • Cost/income ratio40.8%
  • Provision for impairment on loan losses-to-average gross loans ratio0.45%
  • Total risk cost-to-asset ratio0.44%
  • Effective tax rate21.5%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)74%
  • Capital adequacy ratio (consolidated, IFRS) - Basel318.8%
  • Tier1 ratio - Basel317.4%
  • Common Equity Tier 1 ('CET1') ratio - Basel317.4%
  • ROE (from profit after tax)27.2%
  • ROE (from adjusted profit after tax)27.2%
  • ROA (from profit after tax)3.1%
  • ROA (from adjusted profit after tax)3.1%
  • Operating profit margin3.98%
  • Total income margin6.48%
  • Net interest margin4.26%
  • Cost-to-asset ratio2.50%
  • Cost/income ratio38.5%
  • Provision for impairment on loan losses-to-average gross loans ratio0.25%
  • Total risk cost-to-asset ratio0.26%
  • Effective tax rate18.1%
  • Net loan/(deposit+retail bond) ratio (FX adjusted)73%
  • Capital adequacy ratio (consolidated, IFRS) - Basel320.5%
  • Tier1 ratio - Basel319.1%
  • Common Equity Tier 1 ('CET1') ratio - Basel319.1%
  • ROE (from profit after tax)2.8%p
  • ROE (from adjusted profit after tax)2.8%p
  • ROA (from profit after tax)0.5%p
  • ROA (from adjusted profit after tax)0.5%p
  • Operating profit margin0.25%p
  • Total income margin0.17%p
  • Net interest margin-0.01%p
  • Cost-to-asset ratio-0.08%p
  • Cost/income ratio-2.3%p
  • Provision for impairment on loan losses-to-average gross loans ratio-0.20%p
  • Total risk cost-to-asset ratio-0.19%p
  • Effective tax rate-3.4%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel31.7%p
  • Tier1 ratio - Basel31.7%p
  • Common Equity Tier 1 ('CET1') ratio - Basel31.7%p
  • ROE (from profit after tax)-2.2%p
  • ROE (from adjusted profit after tax)-3.5%p
  • ROA (from profit after tax)0.1%p
  • ROA (from adjusted profit after tax)0.0%p
  • Operating profit margin0.24%p
  • Total income margin0.26%p
  • Net interest margin0.26%p
  • Cost-to-asset ratio0.02%p
  • Cost/income ratio-1.2%p
  • Provision for impairment on loan losses-to-average gross loans ratio0.05%p
  • Total risk cost-to-asset ratio0.07%p
  • Effective tax rate3.7%p
  • Net loan/(deposit+retail bond) ratio (FX adjusted)-1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel31.7%p
  • Tier1 ratio - Basel32.7%p
  • Common Equity Tier 1 ('CET1') ratio - Basel32.7%p

Share Data

3Q 20232Q 20243Q 2024Q-o-QY-o-Y
EPS diluted (HUF) (from profit after tax)1 0491 0061 20320%15%
EPS diluted (HUF) (from adjusted profit after tax)1 1011 0091 20820%10%
Closing price (HUF)13 30018 32518 6602%40%
Highest closing price (HUF)14 69518 60019 1503%30%
Lowest closing price (HUF)11 60516 80017 2202%48%
Market Capitalization (EUR billion)9.513.013.11.2%38.1%
Book Value Per Share (HUF)14 99317 13518 1916%21%
Tangible Book Value Per Share (HUF)14 32816 38717 4456%22%
Price/Book Value0.91.11.0-4.1%15.6%
Price/Tangible Book Value0.91.11.1-4.4%15.2%
P/E (trailing, from profit after tax)3.85.65.4-2.1%42.4%
P/E (trailing, from adjusted profit after tax)4.45.15.0-0.5%14.1%
Average daily turnover (EUR million)1717172%-3%
Average daily turnover (million share)0.50.40.42.4%-24.7%

3Q 2023

2Q 2024

3Q 2024

Q-o-Q

Y-o-Y

  • EPS diluted (HUF) (from profit after tax)1 049
  • EPS diluted (HUF) (from adjusted profit after tax)1 101
  • 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 profit after tax)3.8
  • P/E (trailing, from adjusted profit after tax)4.4
  • Average daily turnover (EUR million)17
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from profit after tax)1 006
  • EPS diluted (HUF) (from adjusted profit after tax)1 009
  • Closing price (HUF)18 325
  • Highest closing price (HUF)18 600
  • Lowest closing price (HUF)16 800
  • Market Capitalization (EUR billion)13.0
  • Book Value Per Share (HUF)17 135
  • Tangible Book Value Per Share (HUF)16 387
  • Price/Book Value1.1
  • Price/Tangible Book Value1.1
  • P/E (trailing, from profit after tax)5.6
  • P/E (trailing, from adjusted profit after tax)5.1
  • Average daily turnover (EUR million)17
  • Average daily turnover (million share)0.4
  • EPS diluted (HUF) (from profit after tax)1 203
  • EPS diluted (HUF) (from adjusted profit after tax)1 208
  • Closing price (HUF)18 660
  • Highest closing price (HUF)19 150
  • Lowest closing price (HUF)17 220
  • Market Capitalization (EUR billion)13.1
  • Book Value Per Share (HUF)18 191
  • Tangible Book Value Per Share (HUF)17 445
  • Price/Book Value1.0
  • Price/Tangible Book Value1.1
  • P/E (trailing, from profit after tax)5.4
  • P/E (trailing, from adjusted profit after tax)5.0
  • Average daily turnover (EUR million)17
  • Average daily turnover (million share)0.4
  • EPS diluted (HUF) (from profit after tax)20%
  • EPS diluted (HUF) (from adjusted profit after tax)20%
  • Closing price (HUF)2%
  • Highest closing price (HUF)3%
  • Lowest closing price (HUF)2%
  • Market Capitalization (EUR billion)1.2%
  • Book Value Per Share (HUF)6%
  • Tangible Book Value Per Share (HUF)6%
  • Price/Book Value-4.1%
  • Price/Tangible Book Value-4.4%
  • P/E (trailing, from profit after tax)-2.1%
  • P/E (trailing, from adjusted profit after tax)-0.5%
  • Average daily turnover (EUR million)2%
  • Average daily turnover (million share)2.4%
  • EPS diluted (HUF) (from profit after tax)15%
  • EPS diluted (HUF) (from adjusted profit after tax)10%
  • Closing price (HUF)40%
  • Highest closing price (HUF)30%
  • Lowest closing price (HUF)48%
  • Market Capitalization (EUR billion)38.1%
  • Book Value Per Share (HUF)21%
  • Tangible Book Value Per Share (HUF)22%
  • Price/Book Value15.6%
  • Price/Tangible Book Value15.2%
  • P/E (trailing, from profit after tax)42.4%
  • P/E (trailing, from adjusted profit after tax)14.1%
  • Average daily turnover (EUR million)-3%
  • Average daily turnover (million share)-24.7%

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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