Financial highlights

Consolidated financial highlights and share data

Main components of the Statement of recognised income in HUF million

4Q 20233Q 20244Q 2024Q-o-QY-o-Y
Consolidated profit after tax132 581318 514249 735-22%88%
Adjustments (after tax) (total)-80 65700  
Consolidated adjusted profit after tax213 238318 514249 735-22%17%
Pre-tax profit289 725388 672315 858-19%9%
Operating profit337 312415 488408 320-2%21%
Total income624 519676 125705 8604%13%
Net interest income425 634444 235460 7204%8%
Net fees and commissions132 039137 485148 2958%12%
Other net non-interest income66 84794 40596 8453%45%
Operating expenses-287 208-260 636-297 54014%4%
Total risk costs-47 587-26 816-92 462245%94%
Corporate taxes-76 487-70 158-66 123-6%-14%

4Q 2023

3Q 2024

4Q 2024

Q-o-Q

Y-o-Y

  • 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 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 tax249 735
  • Adjustments (after tax) (total)0
  • Consolidated adjusted profit after tax249 735
  • Pre-tax profit315 858
  • Operating profit408 320
  • Total income705 860
  • Net interest income460 720
  • Net fees and commissions148 295
  • Other net non-interest income96 845
  • Operating expenses-297 540
  • Total risk costs-92 462
  • Corporate taxes-66 123
  • Consolidated profit after tax-22%
  • Adjustments (after tax) (total) 
  • Consolidated adjusted profit after tax-22%
  • Pre-tax profit-19%
  • Operating profit-2%
  • Total income4%
  • Net interest income4%
  • Net fees and commissions8%
  • Other net non-interest income3%
  • Operating expenses14%
  • Total risk costs245%
  • Corporate taxes-6%
  • Consolidated profit after tax88%
  • Adjustments (after tax) (total) 
  • Consolidated adjusted profit after tax17%
  • Pre-tax profit9%
  • Operating profit21%
  • Total income13%
  • Net interest income8%
  • Net fees and commissions12%
  • Other net non-interest income45%
  • Operating expenses4%
  • Total risk costs94%
  • Corporate taxes-14%

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

4Q 20233Q 20244Q 2024Q-o-QY-o-Y
Total assets39 609 14441 556 57643 419 1284%10%
Total customer loans (net, FX adjusted)22 549 53422 789 38223 361 6383%4%
Total customer loans (gross, FX adjusted)23 610 74323 774 64824 334 6942%3%
Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 596 10222 822 86323 447 7153%4%
Allowances for possible loan losses (FX adjusted)-1 061 208-985 266-973 056-1%-8%
Total customer deposits (FX adjusted)30 937 62731 080 08831 666 3992%2%
Issued securities2 095 5482 500 9402 593 1244%24%
Subordinated loans562 396391 867369 359-6%-34%
Total shareholders' equity4 094 7934 798 4095 120 0127%25%

4Q 2023

3Q 2024

4Q 2024

Q-o-Q

Y-o-Y

  • Total assets39 609 144
  • Total customer loans (net, FX adjusted)22 549 534
  • Total customer loans (gross, FX adjusted)23 610 743
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 596 102
  • Allowances for possible loan losses (FX adjusted)-1 061 208
  • Total customer deposits (FX adjusted)30 937 627
  • Issued securities2 095 548
  • Subordinated loans562 396
  • Total shareholders' equity4 094 793
  • Total assets41 556 576
  • Total customer loans (net, FX adjusted)22 789 382
  • Total customer loans (gross, FX adjusted)23 774 648
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 822 863
  • Allowances for possible loan losses (FX adjusted)-985 266
  • Total customer deposits (FX adjusted)31 080 088
  • Issued securities2 500 940
  • Subordinated loans391 867
  • Total shareholders' equity4 798 409
  • Total assets43 419 128
  • Total customer loans (net, FX adjusted)23 361 638
  • Total customer loans (gross, FX adjusted)24 334 694
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)23 447 715
  • Allowances for possible loan losses (FX adjusted)-973 056
  • Total customer deposits (FX adjusted)31 666 399
  • Issued securities2 593 124
  • Subordinated loans369 359
  • Total shareholders' equity5 120 012
  • Total assets4%
  • 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)-1%
  • Total customer deposits (FX adjusted)2%
  • Issued securities4%
  • Subordinated loans-6%
  • Total shareholders' equity7%
  • Total assets10%
  • Total customer loans (net, FX adjusted)4%
  • Total customer loans (gross, FX adjusted)3%
  • Performing (Stage 1+2) customer loans (gross, FX-adjusted)4%
  • Allowances for possible loan losses (FX adjusted)-8%
  • Total customer deposits (FX adjusted)2%
  • Issued securities24%
  • Subordinated loans-34%
  • Total shareholders' equity25%

Indicators based on adjusted earnings %

4Q 20233Q 20244Q 2024Q-o-QY-o-Y
ROE (from profit after tax)12.9%27.2%19.8%-7.4%p6.9%p
ROE (from adjusted profit after tax)20.8%27.2%19.8%-7.4%p-1.0%p
ROA (from profit after tax)1.3%3.1%2.3%-0.7%p1.0%p
ROA (from adjusted profit after tax)2.1%3.1%2.3%-0.7%p0.2%p
Operating profit margin3.38%3.98%3.79%-0.20%p0.40%p
Total income margin6.26%6.48%6.55%0.06%p0.28%p
Net interest margin4.27%4.26%4.27%0.01%p0.00%p
Cost-to-asset ratio2.88%2.50%2.76%0.26%p-0.12%p
Cost/income ratio46.0%38.5%42.2%3.6%p-3.8%p
Provision for impairment on loan losses-to-average gross loans ratio0.68%0.25%0.97%0.72%p0.29%p
Total risk cost-to-asset ratio0.48%0.26%0.86%0.60%p0.38%p
Effective tax rate26.4%18.1%20.9%2.9%p-5.5%p
Net loan/deposit ratio (FX-adjusted)73%73%74%0%p1%p
Capital adequacy ratio (consolidated, IFRS) - Basel318.9%20.5%20.3%-0.1%p1.4%p
Tier1 ratio - Basel316.6%19.1%18.9%-0.2%p2.3%p
Common Equity Tier 1 ('CET1') ratio - Basel316.6%19.1%18.9%-0.2%p2.3%p

4Q 2023

3Q 2024

4Q 2024

Q-o-Q

Y-o-Y

  • 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 ratio (FX-adjusted)73%
  • Capital adequacy ratio (consolidated, IFRS) - Basel318.9%
  • Tier1 ratio - Basel316.6%
  • Common Equity Tier 1 ('CET1') ratio - Basel316.6%
  • 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 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)19.8%
  • ROE (from adjusted profit after tax)19.8%
  • ROA (from profit after tax)2.3%
  • ROA (from adjusted profit after tax)2.3%
  • Operating profit margin3.79%
  • Total income margin6.55%
  • Net interest margin4.27%
  • Cost-to-asset ratio2.76%
  • Cost/income ratio42.2%
  • Provision for impairment on loan losses-to-average gross loans ratio0.97%
  • Total risk cost-to-asset ratio0.86%
  • Effective tax rate20.9%
  • Net loan/deposit ratio (FX-adjusted)74%
  • Capital adequacy ratio (consolidated, IFRS) - Basel320.3%
  • Tier1 ratio - Basel318.9%
  • Common Equity Tier 1 ('CET1') ratio - Basel318.9%
  • ROE (from profit after tax)-7.4%p
  • ROE (from adjusted profit after tax)-7.4%p
  • ROA (from profit after tax)-0.7%p
  • ROA (from adjusted profit after tax)-0.7%p
  • Operating profit margin-0.20%p
  • Total income margin0.06%p
  • Net interest margin0.01%p
  • Cost-to-asset ratio0.26%p
  • Cost/income ratio3.6%p
  • Provision for impairment on loan losses-to-average gross loans ratio0.72%p
  • Total risk cost-to-asset ratio0.60%p
  • Effective tax rate2.9%p
  • Net loan/deposit ratio (FX-adjusted)0%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel3-0.1%p
  • Tier1 ratio - Basel3-0.2%p
  • Common Equity Tier 1 ('CET1') ratio - Basel3-0.2%p
  • ROE (from profit after tax)6.9%p
  • ROE (from adjusted profit after tax)-1.0%p
  • ROA (from profit after tax)1.0%p
  • ROA (from adjusted profit after tax)0.2%p
  • Operating profit margin0.40%p
  • Total income margin0.28%p
  • Net interest margin0.00%p
  • Cost-to-asset ratio-0.12%p
  • Cost/income ratio-3.8%p
  • Provision for impairment on loan losses-to-average gross loans ratio0.29%p
  • Total risk cost-to-asset ratio0.38%p
  • Effective tax rate-5.5%p
  • Net loan/deposit ratio (FX-adjusted)1%p
  • Capital adequacy ratio (consolidated, IFRS) - Basel31.4%p
  • Tier1 ratio - Basel32.3%p
  • Common Equity Tier 1 ('CET1') ratio - Basel32.3%p

Share Data

4Q 20233Q 20244Q 2024Q-o-QY-o-Y
EPS diluted (HUF) (from profit after tax)4941 203948-21%92%
EPS diluted (HUF) (from adjusted profit after tax)7971 208952-21%20%
Closing price (HUF)15 80018 66021 69016%37%
Highest closing price (HUF)16 03019 15022 10015%38%
Lowest closing price (HUF)13 13017 22018 3507%40%
Market Capitalization (EUR billion)11.613.114.813%28%
Book Value Per Share (HUF)15 30518 19119 5277%28%
Tangible Book Value Per Share (HUF)14 59917 44518 6847%28%
Price/Book Value1.01.01.18%8%
Price/Tangible Book Value1.11.11.29%7%
P/E (trailing, from profit after tax)4.55.45.64%26%
P/E (trailing, from adjusted profit after tax)4.95.05.612%15%
Average daily turnover (EUR million)16162346%47%
Average daily turnover (million share)0.40.30.534%12%

4Q 2023

3Q 2024

4Q 2024

Q-o-Q

Y-o-Y

  • 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)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)16
  • Average daily turnover (million share)0.3
  • EPS diluted (HUF) (from profit after tax)948
  • EPS diluted (HUF) (from adjusted profit after tax)952
  • Closing price (HUF)21 690
  • Highest closing price (HUF)22 100
  • Lowest closing price (HUF)18 350
  • Market Capitalization (EUR billion)14.8
  • Book Value Per Share (HUF)19 527
  • Tangible Book Value Per Share (HUF)18 684
  • Price/Book Value1.1
  • Price/Tangible Book Value1.2
  • P/E (trailing, from profit after tax)5.6
  • P/E (trailing, from adjusted profit after tax)5.6
  • Average daily turnover (EUR million)23
  • Average daily turnover (million share)0.5
  • EPS diluted (HUF) (from profit after tax)-21%
  • EPS diluted (HUF) (from adjusted profit after tax)-21%
  • Closing price (HUF)16%
  • Highest closing price (HUF)15%
  • Lowest closing price (HUF)7%
  • Market Capitalization (EUR billion)13%
  • Book Value Per Share (HUF)7%
  • Tangible Book Value Per Share (HUF)7%
  • Price/Book Value8%
  • Price/Tangible Book Value9%
  • P/E (trailing, from profit after tax)4%
  • P/E (trailing, from adjusted profit after tax)12%
  • Average daily turnover (EUR million)46%
  • Average daily turnover (million share)34%
  • EPS diluted (HUF) (from profit after tax)92%
  • EPS diluted (HUF) (from adjusted profit after tax)20%
  • Closing price (HUF)37%
  • Highest closing price (HUF)38%
  • Lowest closing price (HUF)40%
  • Market Capitalization (EUR billion)28%
  • Book Value Per Share (HUF)28%
  • Tangible Book Value Per Share (HUF)28%
  • Price/Book Value8%
  • Price/Tangible Book Value7%
  • P/E (trailing, from profit after tax)26%
  • P/E (trailing, from adjusted profit after tax)15%
  • Average daily turnover (EUR million)47%
  • Average daily turnover (million share)12%

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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