Otp Bank Nyrt · BET:OTP
Otp Bank Nyrt — Q1 2026 Earnings Presentation
49 slides from Otp Bank Nyrt's earnings presentation, 2026
Slide 1: OTP Group – Strong results and capital yield high returns
OTP Group – Strong results and capital yield high returns Investor presentation Based on 1Q 2026 results
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; 4.4-fold net loan growth in 10 years and 14 acquisitions since 2014. 42% of net loans in Eurozone countries, 76% within the EU Strong organic loan growth: In 1Q 2026 the FX-ad
Slide 3: OTP Group's first quarter profit increased by 9% y-o-y
OTP Group’s first quarter profit increased by 9% y-o-y with the prorated recognition of special items booked in 1Q in a lump sum for the full year Consolidated profit development Key performance indicators of OTP Group (HUF billion) (with prorated recognition of special items, %) w/o Russia, Ukraine
Slide 4: Profit after tax increased by 13% y-o-y on an FX-adjusted basis
Profit after tax increased by 13% y-o-y on an FX-adjusted basis and with the prorated recognition of 1Q special items Consolidated P&L Q-o-Q Y-o-Y (in HUF billion, with the prorated recognition of 2025 1Q 2025 4Q 2025 1Q 2026 Q-o-Q Y-o-Y special items booked in 1Q in one sum for the full year) FX-ad
Slide 5: Special items booked in one sum for the whole year reached HUF 186 billion
Special items booked in one sum for the whole year reached HUF 186 billion. Had these items been booked evenly throughout the year, the profit after tax would have been HUF 147 billion higher 2026 1Q 1Q 2026 1Q 2026 Special items Difference FY burden reported profit after tax after tax, HUF billion
Slide 6: OTP Core's profit growth supported by higher other income
In addition to increasing net interest income, OTP Core’s profit growth was supported by higher other income OTP CORE mainly due to FVA (HUF 20 billion1) and the release of impairments on Russian bonds (HUF 19 billion) OTP Core profit after tax Key performance indicators of OTP Core (without dividen
Slide 7: Home Start Loan Program boosted housing loan demand
The Home Start Loan Program boosted demand for housing loan and has become the key driving force behind OTP CORE household lending growth Quarterly housing loan applications at OTP Bank Monthly dynamics of submitted (HUF billion) Non-subsidized housing loans applications (HUF billion) Other subsidiz
Slide 8: OTP strengthened its market position in retail deposits and savings
In 1Q 2026, OTP further strengthened its market position in retail deposits and savings, while its market share in OTP CORE newly contracted cash loans, baby loans and workers’ loans remained above 40% Y-o-y change in cash loan contractual amounts in 1Q 2026 Market share in baby loan contractual amo
Slide 9: Hungarian corporate loan portfolio continued its favourable trend
Following dynamic growth in 2025, the Hungarian corporate loan portfolio continued its favourable trend in OTP CORE 1Q 2026, while the Bank’s corporate lending market share increased to a new all-time high Performing corporate loan volume changes (%) OTP Group’s market share in loans to Hungarian (D
Slide 10: Foreign subsidiaries delivered strong performance in 1Q 2026
With the prorated Foreign subsidiaries delivered strong performance in 1Q 2026 recognition of deposit insurance fees Profit after tax (HUF billion) ROE Cost / income ratio 1Q 2025 1Q 2026 1Q 2025 2025 1Q 2026 1Q 2025 2025 1Q 2026 DSK Group 581 511 19% 20% 16% 39%/28%1 34% 42%/34%1 (Bulgaria) OTP Ban
Slide 11: The consolidated margin went up by 11 bps q-o-q
The consolidated margin went up by 11 bps q-o-q and by 32 bps y-o-y. The NII sensitivity to a 100 bps change in EUR rates stayed at around EUR 125 million; the HUF rate sensitivity is HUF 24 billion per 100 bps change in HUF rates Drivers behind the q-o-q change of the consolidated quarterly net int
Slide 12: Consolidated performing loans expanded by 3% q-o-q
Consolidated performing loans expanded by 3% q-o-q. Hungarian mortgage loans maintained their double-digit quarterly dynamics, while Hungarian, Bulgarian, Slovenian and Ukrainian corporate loans also continued to grow Q-o-Q performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Cons. Cor
Slide 13: Consolidated deposit portfolios grew by 3% q-o-q
Consolidated deposit portfolios grew by 3% q-o-q thanks to strong growth rates in Hungary and Bulgaria 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) (Serbia) (Uzbek.) (Ukraine) (Monten.) (Alban
Slide 14: The Stage 3 ratio moderated to 3.4% in 1Q 2026
The Stage 3 ratio moderated to 3.4% in 1Q 2026. 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 1Q 2026 (%) 1.7 82 83 83 83 87 87 1.2 Stage 1 0.
Slide 15: Group CET1 ratio stood at 17.6%
At the end of 1Q 2026 the Group’s CET1 ratio stood at 17.6%. Taking into account the lump-sum recognition of full-year special charges, the CET1 ratio would have reached 17.9% Capital adequacy and MREL ratios (%)1 Decomposition of the change in the CET1 ratio (based on the prudential scope of consol
Slide 16: OTP Group has strong capital position relative to regional peers
OTP Group has strong capital position relative to relevant regional peers Peer comparison of capital adequacy and leverage ratios (1Q 2026, %) CET1 ratio Tier 1 ratio CAR ratio Leverage ratio 17.6 17.6 19.2 10.2 14.4 16.2 18.5 5.6 14.51 16.51 19.51 6.4 14.92 17.12 19.72 8.5 13.0 15.9 18.9 6.1 14.2 1
Slide 17: Robust liquidity position and comfortable redemption profile
Robust liquidity position: 77% net loan to deposit ratio, 227% LCR, 151% NSFR and comfortable redemption profile; the leverage ratio is well above OTP’s peers OTP Core – FX wholesale bonds OTP Bank FX MREL-eligible bond maturity profile2 Issue Maturity Issuance Issued Amt. (EUR million equivalent) I
Slide 18: Multiple rating upgrades for OTP Group entities throughout 2025
Throughout 2025, OTP Group entities benefited from multiple rating upgrades: S&P upgraded OTP Bank in (rating (+) positive April, Moody’s upgraded OTP Bank, OTP Mortgage Bank and OBS in October. Ipoteka was upgraded by Fitchoutlook) (0) stable (-) negative in June 2025 and by S&P in May 2026 Long-te
Slide 19: 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 Ranking metrics Non- Net interest Problem Net Stable Current Total Cost-to- Current Previous ROAE interest income / loan Funding CET1 vs. Company name Headquart
Slide 20: OTP Bank achieved 13th place on the 2025 EBA 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 21: OTP Group's performance recognized by professional organizations
OTP Group’s outstanding performance has traditionally been recognized by professional organizations Family-Friendly Workplace 21
Slide 22: Green exposures continued to grow dynamically
Green exposures continued to grow dynamically in the first quarter of 2026 Green loan stock1 (consolidated, HUF billion) +9% 2,123 1,848 1,697 The green loan book increased to HUF 1,848 1,027 billion by 1Q 2026, representing a 9% growth 656 compared to the end of 267 2025. 2022 2023 2024 2025 1Q 202
Slide 23: Updated baseline macro scenario
In the updated baseline scenario, we assume highly elevated energy prices temporarily, followed by gradual normalization; nevertheless, economic growth could accelerate across several countries in 2026 Hungary Bulgaria Slovenia Croatia 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F 2
Slide 24: As relations with the EU improve, EU fund inflows are expected to resume
As relations with the EU improve, EU fund inflows are expected to resume EU funds EUR Deadline for Status Name Conditions / comments billion project delivery Lost due to financial fee related to EU asylum Permanently European Structural and Investment Fund 3.0 seeker legislation and non-compliance w
Slide 25: Management does not revise its 2026 guidance
Management does not consider it necessary to revise its guidance for the Group’s 2026 performance Management’s expectations regarding the Group’s performance in 2026 are as follows: o FX-adjusted organic performing loan volume growth may be around 15% achieved in 2025. o The net interest margin may
Slide 26: Further details and financials
Further details and financials 26
Slide 27: Universal banking services to around 17.5 million customers in 11 countries
OTP Group provides universal banking services to around 17.5 million active customers in 11 countries, in many of them enjoying dominant market position Major Group members Total assets1 Systemic position in Hungary OTP Bank Moldova 1Q 2026 market share (%) Russia Albania Russia Montenegro 7% Total
Slide 28: OTP Bank offers unique access to the CEE banking sector
OTP Bank offers a unique investment opportunity to access the CEE banking sector. The Bank is a well-diversified and transparent player without strategic investors Ownership structure of OTP Bank on 31 March 2026 Total number of ordinary shares: 280,000,010, each having a nominal value of HUF 100 an
Slide 29: Net loan book grew 4.4-fold over the last 10 years
OTP Group’s net loan book grew 4.4-fold over the last 10 years, outpacing other banking groups active in the CEE region Consolidated net loan growth Consolidated net loan growth of regional banking groups1 (FX-adjusted, HUF billion) (%) Acquisitions 2015 – 1Q 2026 CAGR 1Q 2026 YTD Organic growth OTP
Slide 30: Total assets reached EUR 124 billion
Total assets reached EUR 124 billion driven by successful acquisitions and dynamic organic growth. As Hungary’s share in net loan dropped to 1/3, the profit contribution of foreign subs showed a trend-like increase over the last several years Total assets development of OTP Group (in EUR billion) Ge
Slide 31: 14 acquisitions completed between 2014 and 2023
Between 2014 and 2023, altogether 14 acquisitions were completed. As a result of the Ipoteka Bank acquisition in Uzbekistan, in 2023 OTP Group entered the Central Asian region Country Date of Net loans Market share Book value Target bank (seller) closing (HUF billion) before / after1 (%) (EUR millio
Slide 32: 76% of net loan book is invested in EU countries
76% of the total net loan book is invested in EU countries, while Hungary’s share moderated to 33% Breakdown of the consolidated net loan book Net loan book, 1Q 2026 By country By product Hungary1 HUF 8,921 bn Bulgaria HUF 5,440 bn Slovenia HUF 3,043 bn Leasing Leasing Leasing Corporate 8% Mortgage
Slide 33: 35% of the deposit book is held in Hungary
35% of the consolidated deposit book is held in Hungary, while Bulgaria and Slovenia together hold another third. Household volumes account for 58% of the total customer deposit base Breakdown of consolidated customer deposits Customer deposits, 1Q 2026 By country By product Hungary1 HUF 12,315 bn B
Slide 34: ROE remained above 20% despite low leverage
Despite low leverage, ROE remained above 20% supported by recovering margins and cost efficiency gains 2003-2008 2009-2013 average average 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q 26 ROE 29.4% 8.3% -7.4% 5.1% 15.4% 18.5% 18.7% 20.3% 10.9% 17.0% 11.0% 27.2% 23.5% 21.6% 23.5%3 To
Slide 35: OTP Group outperformed regional peers in ROE
In ROE terms, OTP Group outperformed most of its regional peers both in 2025 and 1Q 2026 despite low leverage ROE (%) Leverage ratio (%) P/B 1Q 2026 quarterly averages OTP 12.8 23.51 10.2 1.7 UniCredit 25.8 5.2 1.7 1Q 2026 Intesa 21.0 6.12 1.7 Erste 15.5 6.4 1.7 KBC 14.0 5.6 1.8 Raiffeisen 9.0 8.5 0
Slide 36: Margins, cost efficiency and risk cost compared with regional competitors
Compared to its regional competitors, OTP Group has higher margins, in-line cost efficiency, while its credit risk cost rate for the CEE operation is commensurate to peers NIM (%) Cost / income (%) Credit risk cost rate (%) 4.59 40.41 42.3 0.132 0.47 N/A 33.4 0.17 1Q 2026 N/A 35.9 0.16 2.64 45.0 0.6
Slide 37: Hungarian loan penetration levels are still low
Hungarian loan penetration levels are still low in regional comparison implying good volume growth potential Market penetration levels in Hungary in ... Net customer loan to deposit ratio in the 4Q 2025 data for other CEE/CIS Hungarian credit institution system countries (in % of GDP) 118% 79% 32.5
Slide 38: Net interest income advanced by 17% y-o-y FX-adjusted
Net interest income advanced by 17% y-o-y on an FX-adjusted basis NET INTEREST 1Q 2025 4Q 2025 1Q 2026 1Q 2026 Y-o-Y 1Q 2026 Q-o-Q INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) (HUF billion) 1 At OTP Core, net interest income increased by 22% y-o-y and 6% OTP Group 465 527 q-o-q, su
Slide 39: Consolidated net interest margin improved further in 1Q
The consolidated net interest margin improved further in 1Q, partly attributable to key Eurozone markets such as Bulgaria, Slovenia and Croatia, while Uzbekistan also remained on positive track NET INTEREST 1 At OTP Core NIM increased 1Q 2025 4Q 2025 1Q 2026 MARGIN moderately in 1Q, by 3 bps. This w
Slide 40: Consolidated performing loans grew by 16% y-o-y
Consolidated performing loans grew by 16% y-o-y, mainly driven by strong performance in the retail segment. In Hungary, corporate loan dynamics significantly outpace those of the Group as a whole Y-o-Y performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Cons. Core2 DSK OBS OBH OBSrb I
Slide 41: Consolidated deposit portfolio grew by 11% y-o-y
Consolidated deposit portfolio grew by 11% y-o-y, mainly due to Hungarian and Bulgarian deposits Y-o-Y DEPOSIT volume changes, adjusted for FX-effect Cons. Core DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu (Hungary) (Bulgaria) (Slovenia) (Croatia) (Serbia) (Uzbek.) (Ukraine) (Monten.) (Albania) (M
Slide 42: Net fee income increased 1% y-o-y FX-adjusted
In 1Q 2026 the net fee income increased 1% y-o-y on an FX-adjusted basis NET FEE 1Q 2025 4Q 2025 1Q 2026 1Q 2026 Y-o-Y 1Q 2026 Q-o-Q 1 At OTP Core the 1% y-o-y increase INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) (HUF billion) was partly driven by the earnings- reducing impact of
Slide 43: Other income increased q-o-q mainly due to Hungary
In the 1Q 2026 other income increased q-o-q mainly due to Hungary 1Q 2025 4Q 2025 1Q 2026 1Q 2026 Y-o-Y 1Q 2026 Q-o-Q 1 The HUF 26 billion q-o-q OTHER INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) (HUF billion) increase at OTP Core was driven primarily by the fair value OTP Group 85
Slide 44: Operating costs increased by 17% FX-adjusted
In 1Q 2026 operating costs increased by 17% FX-adjusted 9M2026 1Q 2023 Y-o-Y Y-o-Y, FX-adjusted OPERATING COSTS (HUF billion) (HUF billion) (HUF billion) (HUF billion) 1 At OTP Core operating expenses grew by 11% y-o-y, which reflected wage OTP Group 319 38 13% 46 17% inflation as well as higher dep
Slide 45: Total risk costs booked in 1Q 2026
Out of the HUF 15 billion total risk costs booked in 1Q 2026, HUF 32 billion arose from credit-related items (of which close to 70% was recorded in Russia), partially offset by the HUF 16 billion provision released on the other risk cost line 2025 2025 1Q 2025 4Q 2025 1Q 2026 1Q 2026 TOTAL RISK COST
Slide 46: Russian bond-related impairments released in 1Q
As Russian bonds maturing in December 2025 were paid, further Russian bond-related impairments were released in 1Q Russian bonds and related exposures (HUF billion) After the breakout of the war, in 1Q 2022 Russian government 135 bond exposures of HUF 102 billion face value held in the books of 128
Slide 47: Development of Stage 1, 2 and 3 ratios
Development of the Stage 1, Stage 2 and Stage 3 ratios Cons. Core DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu Merk. (Hungary) (Bulgaria) (Slovenia) (Croatia) (Serbia) (Uzbek.) (Ukraine) (Monten.) (Albania) (Moldova) (Russia) (Hung. leasing) 2023 82.7% 80.5% 85.7% 89.9% 83.6% 84.0% 71.5% 53.0% 88.
Slide 48: Development of own provision coverage ratios by Stage
Development of the own provision coverage ratios in different Stage categories Cons. Core DSK OBS OBH OBSrb Ipoteka OBU CKB OBA OBM OBRu Merk. (Hungary) (Bulgaria) (Slovenia) (Croatia) (Serbia) (Uzbek.) (Ukraine) (Monten.) (Albania) (Moldova) (Russia) (Hung. leasing) 2023 0.9% 0.8% 0.7% 0.3% 0.6% 0.
Slide 49: Important information, disclaimers and contacts
Important information, disclaimers and contacts Referring to both equity and fixed income investors: This presentation has been prepared by OTP Bank Nyrt. ("OTP Bank") and is the sole responsibility of OTP Bank. This presentation and the information contained herein is strictly confidential to the r