Otp Bank Nyrt · BET:OTP
Otp Bank Nyrt — Otp Bank S/Adr R — 9M 2025 Earnings Presentation
34 slides from Otp Bank Nyrt's earnings presentation, Nov 7, 2025
Slide 1: OTP Group 9M 2025 results
OTP Group 9M 2025 results Conference call – 7 November 2025 László Bencsik, Chief Financial and Strategic Officer
Slide 2: OTP Group is among the most successful banks in Europe
OTP Group is among the most successful banks in Europe Dominant position in CEE countries: Dominant position in 5 countries; 4.3-fold net loan growth and 14 acquisitions in 11 years. 43% of net loans in Eurozone + ERM II countries, 75% within the EU Outstanding profitability: After 23.5% ROE in 2024
Slide 3: First nine months profit before tax increased by 8%
OTP Group’s first nine months profit before tax increased by 8% considering the prorated recognition of special items booked in one sum at the beginning of the year, driven by growing volumes and improved cost efficiency Consolidated profit development Key performance indicators of OTP Group conside
Slide 4: Special items booked in one sum for the whole year
Special items booked in one sum for the whole year reached HUF 111 billion. Had these items been booked evenly throughout the year, the cumulated profit would have been HUF 37 billion higher Special items 2025 9M 9M 2025 Difference after tax, full-year prorated accounted 9M 2025 HUF billion (a) (b)=
Slide 5: OTP Core's profit increased by 5%
OTP Core’s profit increased by 5% supported by widening margins and improving cost efficiency, while OTP CORE maintaining prudent provisioning OTP Core profit after tax Key performance indicators of OTP Core (without dividends received from subsidiaries, HUF billion) (adjusted, %) Considering the pr
Slide 6: Home Start Program boosted housing loan demand in Hungary
The launch of Home Start Loan Program in September gave a big boost to housing loan demand in Hungary OTP CORE Quarterly mortgage loan applications at OTP Bank Monthly dynamics of submitted (HUF billion) applications (HUF billion) Non-subsidized housing loans Other subsidized housing loans Home Star
Slide 7: OTP Core solidified market position in cash loans and retail deposits
In 3Q OTP Core further solidified its market position in newly contracted cash loan volumes and retail deposits, OTP CORE while the Bank’s market share in new baby loan and workers’ loan contractual amounts also surpassed 40% Y-o-y change in cash loan contractual amounts in 9M 2025 Market share in b
Slide 8: Corporate loan growth and market share in Hungary
The revival in demand for micro and small enterprise loans continued in the third quarter, while the large OTP CORE corporate loan book also grew visibly, by 5% year-to-date. Corporate credit market share pierced 20% Performing corporate loan volume changes (%) OTP Group’s market share in loans to H
Slide 9: Foreign subsidiaries delivered strong performance in first nine months of 2025
Foreign subsidiaries delivered strong performance in the first nine months of 2025 Profit after tax1 ROE1 Cost / income ratio (HUF billion) 9M 2024 9M 2025 9M 2024 2024 9M 2025 9M 2024 2024 9M 2025 DSK Group (Bulgaria) 147 154 22% 22% 20% 33% 32% 33% OTP Bank Slovenia 83 88 16% 16% 16% 42% 42% 42% O
Slide 10: Consolidated net interest margin remained stable q-o-q
The consolidated net interest margin remained stable q-o-q, but improved by 5 bps y-o-y. The sensitivity to EUR rate cuts increased recently but moderated substantially since 3Q 2023 Drivers behind the q-o-q change of the consolidated net interest margin Sensitivity to rate changes 1 bps 1 bps -1 bp
Slide 11: Consolidated performing loans increased by 10% in first nine months
Consolidated performing loans increased by 10% in the first nine months, mainly driven by strong retail momentum YTD performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Cons. Core2 DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu (Hungary) (Bulgaria) (Slovenia) (Croatia) (Albania) (Mold
Slide 12: Ipoteka Bank cash loan sales turnaround in Uzbekistan
In Uzbekistan the turnaround in cash loan sales became even more pronounced in 3Q with Ipoteka Bank IPOTEKA BANK further gaining market share. Local management is committed to continue on this track FX adjusted q-o-q changes in cash loans The surge in cash loan disbursements was primarily enabled 50
Slide 13: Consolidated deposits grew by 9% in first nine months
In the first nine month consolidated deposits grew by 9%. Hungarian and Bulgarian household deposits kept on expanding YTD DEPOSIT volume changes, adjusted for FX-effect Cons. Core DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu (Hungary) (Bulgaria) (Slovenia) (Croatia) (Albania) (Moldova) (Russia) (
Slide 14: The Stage 3 ratio decreased to 3.4%
The Stage 3 ratio decreased to 3.4%. Provisioning policy remained conservative compared to regional peers Development of the Group's main credit Own coverage of Stage 1+2 loans compared to regional peers quality indicators at the end of 3Q 2025 80.4% 81.5% 83.4% 82.7% 83.3% 84.4% 1.9% 1.4% Stage 1 0
Slide 15: In 3Q 2025 the Group's CET1 stood at 18.4%
In 3Q 2025 the Group’s CET1 stood at 18.4%. The ytd drop was partly due to Basel IV, while eligible profit less dividends covered the capital need of organic growth and supervisory permissions for share buybacks worth HUF 210 billion in total Capital adequacy and MREL ratios (%)1 Decomposition of th
Slide 16: Robust liquidity position and bond maturity profile
Robust liquidity position: 74% net loan to deposit ratio, 235% LCR, 152% NSFR and comfortable redemption profile; the leverage ratio is a way above OTP’s peers’ OTP Core – outstanding and recently redeemed FX wholesale bonds OTP Bank FX MREL-eligible bond maturity profile2 Issue Maturity Actual Issu
Slide 17: Credit rating upgrades of OTP Group member banks in 2025
(+) positive In April S&P Global upgraded OTP Bank’s rating, to one notch above Hungarian sovereign. In October (rating (0) stable Moody’s upgraded OTP Bank, OTP Mortgage Bank and OBS. Ipoteka was upgraded by Fitch in June outlook) (-) negative Long-term credit ratings of OTP Group member banks and
Slide 18: OTP Bank named second best performing among 50 largest European banks
In 2025 OTP Bank was named the second best performing among the 50 largest publicly listed European banks by S&P Global Market Intelligence . . . . . . . . . . . . . . . . . . Based on the 2024 data. 18
Slide 19: European Banking Authority's comprehensive stress test
Out of 64 European banks, OTP Bank achieved the 13th place on the 2025 EBA stress test OTP Bank once again ranked in the top third in the OTP Bank achieved second place among its direct European Banking Authority’s comprehensive stress test competitors Three-year change in the fully loaded group-lev
Slide 20: MSCI ESG rating upgraded; ESG results and targets
ESG developments according to strategic goals: green exposures are on track to meet targets, while in November 2025 the Bank’s ESG rating by MSCI was upgraded from ‚BB’ to ‚A’ Green loan stock1 ESG RESULTS AND TARGETS (consolidated, HUF billion) 3Q 2025 Actual Long-term KPIs Building the Corporate:
Slide 21: Economic growth expected to accelerate in key countries in 2026
Among the key countries of the Group, following this year's more modest performance, in 2026 economic growth is expected to significantly accelerate in Hungary, Slovenia, and Serbia as well Hungary Bulgaria Slovenia Croatia 2022 2023 2024 2025F 2026F 2022 2023 2024 2025F 2026F 2022 2023 2024 2025F 2
Slide 22: Management reaffirmed its guidance for Group's 2025 performance
Management reaffirmed its guidance for the Group’s 2025 performance In 2025 the management doesn’t expect a meaningful change in the operating environment, with geopolitical uncertainties persisting. In light of 9M 2025 results and trends, management doesn’t consider it justified to make any substan
Slide 23: Cross sections and detailed financials
Cross sections and detailed financials 23
Slide 24: Operating profit increased by 16% y-o-y organically and FX-adjusted
Operating profit increased by 16% y-o-y organically and FX-adjusted Y-o-Y Q-o-Q Consolidated P&L (in HUF billion) 2024 9M 2024 9M 2025 FX-adj. w/o 2Q 2025 3Q 2025 FX-adj. OBR Net interest income 1.783 1.322 1.435 9% 481 489 4% Net fees and commissions 546 397 444 11% 152 153 2% Other net non-interes
Slide 25: Cumulated net interest income advanced by 9% y-o-y
Cumulated net interest income advanced by 9% y-o-y organically and FX-adjusted; in 3Q the improvement Sale of continued with 4% FX-adjusted q-o-q growth Romania NET INTEREST 9M 2025 3Q 2025 9M 2025 Y-o-Y 3Q 2025 Q-o-Q 1 The cumulative NII increased by 12% INCOME (HUF billion) (HUF billion) (HUF bill
Slide 26: Consolidated net interest margin remained stable in third quarter
Consolidated net interest margin remained stable in the third quarter, driven mainly by the continued trend-like improvement at OTP Core (Hungary) NET INTEREST 1 3Q 2024 2Q 2025 3Q 2025 At OTP Core the margin grew by MARGIN 25 bps y-o-y and 8 bps q-o-q, to a great extent shaped by the continued OTP
Slide 27: Consolidated performing loan portfolio increased by 3% q-o-q
The consolidated performing loan portfolio increased by 3% q-o-q, driven by continued strong growth in retail exposures. In Uzbekistan the quarterly growth in consumer loans accelerated to 9% Q-o-Q performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Cons. Core2 DSK OBS OBH OBSrb Ipote
Slide 28: Consolidated deposits expanded by 4% q-o-q
Consolidated deposits expanded by 4% q-o-q. The increasing trend in Hungarian and Bulgarian retail deposits continued Q-o-Q DEPOSIT volume changes, adjusted for FX-effect Cons. Core DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu (Hungary) (Bulgaria) (Slovenia) (Croatia) (Albania) (Moldova) (Russia)
Slide 29: Nine months net fee income increased by 11% y-o-y
Sale of The first nine months net fee income increased by 11% y-o-y organically and FX-adjusted Romania NET FEE 9M 2025 3Q 2025 9M 2025 Y-o-Y 3Q 2025 Q-o-Q 1 At OTP Core, 9M net fee income INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) increased by HUF 17 billion. A major part of thi
Slide 30: Other income moderated q-o-q due to base effects
Sale of In the third quarter other income moderated q-o-q mainly due to base effects in Hungary Romania 9M 2025 3Q 2025 9M 2025 Y-o-Y 3Q 2025 Q-o-Q OTHER INCOME 1 (HUF billion) (HUF billion) (HUF billion) (HUF billion) At OTP Core the other income decreased by HUF 11 billion OTP Group 295 96 901 86
Slide 31: Operating costs increased by 11% y-o-y organically
In the first nine months operating costs increased by 11% y-o-y organically and FX-adjusted 2023 9M 2025 Y-o-Y Y-o-Y, FX-adjusted OPERATING COSTS (HUF billion) (HUF billion) (HUF billion) (HUF billion) 1 At OTP Core, cumulated costs went up by 11% y-o-y. Within that, other administrative OTP Group 8
Slide 32: Total risk costs created in 3Q
Out of the HUF 57 billion total risk costs created in 3Q, HUF 29 billion was recognized in Russia. In Bulgaria impairments were booked primarily on the consumer loan book, whereas in Uzbekistan on two large corporate exposures 2024 2024 2Q 2025 3Q 2025 9M 2025 9M 2025 1 TOTAL RISK COST credit risk c
Slide 33: Disclaimers and contacts
Disclaimers and contacts This presentation contains statements that are, or may be deemed to be, “forward-looking statements” which are prospective in nature. These forward- looking statements may be identified by the use of forward-looking terminology, or the negative thereof such as “plans", "expe
Slide 34: Questions and Answers session
Questions and Answers session 34