Otp Bank Nyrt · BET:OTP
Otp Bank Nyrt — Otp Bank S/Adr R — FY2025 Earnings Presentation
35 slides from Otp Bank Nyrt's earnings presentation, Mar 6, 2026
Slide 1: OTP Group 2025 results
OTP Group 2025 results Conference call – 6 March 2026 Péter Csányi, Chief Executive Officer 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; 4.5-fold net loan growth and 14 acquisitions in 11 years. 42% of net loans in Eurozone + ERM II countries, 75% within the EU Strong organic loan growth: In 2025 the FX-adjuste
Slide 3: OTP Group's operating profit increased by 10% y-o-y
OTP Group’s operating profit increased by 10% y-o-y, driven by dynamically growing volumes and improving margin. Underlying loan quality improved further, while credit risk costs rate in CEE countries remained flat y-o-y Consolidated profit development Key performance indicators of OTP Group (%) (HU
Slide 4: OTP Core's profit decreased by 2% mainly due to higher windfall tax expenses
OTP Core’s profit decreased by 2% mainly due to higher windfall tax expenses, while the net interest margin OTP CORE improved. In 2026 special taxes are set to increase further OTP Core profit after tax Key performance indicators of OTP Core (without dividends received from subsidiaries, HUF billion
Slide 5: Launch of Home Start Loan Program boosted housing loan demand
The launch of Home Start Loan Program in September 2025 gave significant boost to housing loan demand OTP CORE in Hungary Quarterly housing loan applications at OTP Bank Monthly dynamics of submitted (HUF billion) Non-subsidized housing loans applications (HUF billion) Other subsidized housing loans
Slide 6: OTP Core preserved its market position in cash loans and retail deposits
In 2025 OTP Core preserved 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 remained above 40% Y-o-y change in cash loan contractual amounts in 2025 Market share in baby loan c
Slide 7: Hungarian corporate loans expanded in the second half
Hungarian corporate loans expanded in the second half of the year, especially in the last quarter due to several OTP CORE big ticket corporate loan disbursements in 4Q. Corporate credit market share hit new heights at 21% Performing corporate loan volume changes (%) OTP Group’s market share in loans
Slide 8: Foreign subsidiaries delivered strong performance in 2025
Foreign subsidiaries delivered strong performance in 2025 Profit after tax1 ROE1 Cost / income ratio (HUF billion) 2024 2025 2024 2025 2024 2025 DSK Group 201 211 22% 20% 32% 34% (Bulgaria) OTP Bank Slovenia 113 106 16% 14% 42% 43% OTP Bank Croatia 62 55 14% 12% 47% 52% OTP Bank Serbia 66 79 17% 18%
Slide 9: The consolidated margin went up by 16 bps q-o-q
The consolidated margin went up by 16 bps q-o-q, thus in 2025 it improved by 7 bps. The NII sensitivity to a 100 bps change in EUR rates stayed at around EUR 130 million; the HUF rate sensitivity is HUF 20 billion per 100 bps decline Drivers behind the q-o-q change of the consolidated quarterly net
Slide 10: Consolidated performing loans increased by 15% in 2025
Consolidated performing loans increased by 15% in 2025, mainly driven by strong retail momentum Y-o-Y 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) (Serbia) (Uzbek.) (Ukraine) (M
Slide 11: In 2025 consolidated deposits grew by 11%
In 2025 consolidated deposits grew by 11%, with strong retail deposit growth rates in Bulgaria, Serbia, Croatia and Hungary 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) (Albania) (Moldova) (Ru
Slide 12: The Stage 3 ratio moderated to 3.5% in 2025
The Stage 3 ratio moderated to 3.5% in 2025. 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 4Q 2025 (%) +3.2 1.8 80 82 83 83 83 87 1.2 Stage 1
Slide 13: At the end of 2025 the Group's CET1 stood at 18.1%
At the end of 2025 the Group’s CET1 stood at 18.1%. As the effect of profit generation somewhat exceeded the capital need of organic growth and return to shareholders, the y-o-y decline in the CET1 ratio was explained by regulatory changes Capital adequacy and MREL ratios (%)1 Decomposition of the y
Slide 14: 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 (4Q 2025, %) CET1 ratio Tier 1 ratio CAR ratio Leverage ratio 17.91 17.91 19.5 10.8 14.9 16.8 19.2 5.6 14.72 17.12 20.22 8.2 15.53 17.63 20.33 8.9 13.9 16.4 19.5 6.1 14.7
Slide 15: Robust liquidity position: 77% net loan to deposit ratio, 251% LCR
Robust liquidity position: 77% net loan to deposit ratio, 251% LCR, 151% NSFR and comfortable redemption profile; the leverage ratio is well above OTP’s peers OTP Core – outstanding FX wholesale bonds OTP Bank FX MREL-eligible bond maturity profile2 (EUR million equivalent) Issue Maturity Issuance I
Slide 16: In April 2025 S&P Global upgraded OTP Bank's rating
(+) positive In April 2025 S&P Global upgraded OTP Bank’s rating, to one notch above Hungarian sovereign. In October (rating (0) stable outlook) Moody’s upgraded OTP Bank, OTP Mortgage Bank and OBS. Ipoteka was upgraded by Fitch in June (-) negative Long-term credit ratings of OTP Group member banks
Slide 17: 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. 17
Slide 18: 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 19: ESG developments: green exposure targets for end-2025 were met
ESG developments according to strategic goals: the green exposure targets for end-2025 were met. In November 2025 the Bank’s ESG rating by MSCI was upgraded from ‚BB’ to ‚A’ Green loan stock1 (consolidated, HUF billion) 2,123 +13% 1,697 1,500 The primary ESG KPI for the 2021-2025 period has been 1,0
Slide 20: 2026 GDP growth expected to accelerate in Hungary, Slovenia, and Serbia
Among the key countries of the Group, in 2026 GDP growth is expected to accelerate in Hungary, Slovenia, and Serbia Hungary Bulgaria Slovenia Croatia 2022 2023 2024 2025E 2026F 2022 2023 2024 2025E 2026F 2022 2023 2024 2025E 2026F 2022 2023 2024 2025E 2026F GDP growth (annual, %) 4.3 -0.8 0.6 0.4 2.
Slide 21: Management guidance for the Group's 2026 performance
Management guidance for the Group’s 2026 performance In 2026 the management doesn’t expect a material change in the operating environment, with geopolitical uncertainties persisting. o FX-adjusted organic performing loan volume growth may be around 15% achieved in 2025. o The net interest margin may
Slide 22: Update on considerations concerning capital allocation
Update on considerations concerning capital allocation Regarding the capital adequacy ratio targets, the Management is committed to maintain strong capital positions both in absolute and relative terms, therefore we target capital ratios comparable to our relevant regional peers. While the top prior
Slide 23: Cross sections and detailed financials
Cross sections and detailed financials 23
Slide 24: Annual operating profit increased by 10% y-o-y
Annual operating profit increased by 10% y-o-y organically and FX-adjusted Y-o-Y Q-o-Q Consolidated P&L (in HUF billion) 2024 2025 FX-adj. 3Q 2025 4Q 2025 FX-adj. w/o OBR Net interest income 1,783 1,945 10% 489 509 5% Net fees and commissions 546 604 11% 153 160 6% Other net non-interest income 306
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 4Q the improvement continued with 4% FX-adjusted q-o-q growth NET INTEREST 2025 4Q 2025 2025 Y-o-Y 4Q 2025 Q-o-Q 1 At OTP Core, the annual NII rose by INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) 13%
Slide 26: Consolidated net interest margin improved further in the fourth quarter
The consolidated net interest margin improved further in the fourth quarter, mainly attributable to the continued trend-like margin widening at OTP Core (Hungary) NET INTEREST 1 At OTP Core the 35 bps y-o-y 4Q 2024 3Q 2025 4Q 2025 MARGIN improvement was mainly due to the continued growth in retail d
Slide 27: Consolidated performing loan portfolio increased by 5% q-o-q
The consolidated performing loan portfolio increased by 5% q-o-q, with Hungarian mortgage loan growth exceeding 10% and corporate gaining momentum especially in Hungary on the back of several big ticket loans, as well as in the Ukraine Q-o-Q performing (Stage 1+2) LOAN volume changes, adjusted for F
Slide 28: Consolidated deposits grew by 2% q-o-q
Consolidated deposits grew by 2% q-o-q. Bulgarian retail deposit inflows were induced by the Euro adoption from 2026. Hungarian corporate deposit outflows were partly due to the state pooling of municipal deposits from October Q-o-Q DEPOSIT volume changes, adjusted for FX-effect Cons. Core DSK OBS O
Slide 29: Net fee income increased by 11% y-o-y in 2025
In 2025 the net fee income increased by 11% y-o-y organically and FX-adjusted NET FEE 2025 4Q 2025 2025 Y-o-Y 4Q 2025 Q-o-Q 1 At OTP Core, annual net fees grew INCOME (HUF billion) (HUF billion) (HUF billion) (HUF billion) by 13% y-o-y, or by HUF 28 billion. Growth was primarily driven by higher OTP
Slide 30: Other income moderated q-o-q mainly due to Hungary and Russia
In the fourth quarter other income moderated q-o-q mainly due to Hungary and Russia 2025 4Q 2025 2025 Y-o-Y 4Q 2025 Q-o-Q OTHER INCOME 1 (HUF billion) (HUF billion) (HUF billion) (HUF billion) At OTP Core the other income decreased by HUF 4.1 billion OTP Group 368 73 661 62 20%/24%1 -23 -24%/-22%2 q
Slide 31: Operating costs increased by 14% y-o-y in 2025
In 2025 operating costs increased by 14% y-o-y organically and FX-adjusted 9M 2023 2025 Y-o-Y Y-o-Y, FX-adjusted OPERATING COSTS 1 (HUF billion) (HUF billion) (HUF billion) (HUF billion) At OTP Core operating expenses grew by 17% y-o-y, which was influenced by the HUF 20 billion donation granted for
Slide 32: Total risk costs booked in 2025
Out of the HUF 197 billion total risk costs booked in 2025, HUF 119 billion was recognized in Russia. Similarly, in 4Q Russian impairments accounted for most of the consolidated total risk cost figure 2024 2024 3Q 2025 4Q 2025 2025 2025 TOTAL RISK COST credit risk credit risk 1 (HUF billion) (HUF bi
Slide 33: Maturities from the Group's Russian bond exposures in 4Q 2025
In 4Q 2025 there were maturities from the Group’s Russian bond exposures. Management’s expectations regarding the ongoing proceedings related to the principal repayments are positive Russian bond exposures (HUF billion) Non-interest bearing After the breakout of the war, in 1Q 2022 Russian governmen
Slide 34: 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 35: Questions and Answers session
Questions and Answers session 35