Mbh Mortgage Bank Co. Plc. · BET:TAKAREKJZB

Mbh Mortgage Bank — H1 2025 Earnings Presentation

33 slides from Mbh Mortgage Bank's earnings presentation, Aug 29, 2025

  1. Slide 1: MBH Mortgage Bank Co. Plc. 1H 2025 Investor presentation

    MBH Mortgage Bank Co. Plc. 1H 2025 Investor presentation 29th August 2025

  2. Slide 2: Business and earnings KPIs – summary Business environment Profit and Loss developments, Balance sheet

    Business and earnings KPIs – summary 3 Business environment 5 Profit and Loss developments, Balance sheet 8 Refinanced portfolio, Own originated loans 12 Mortgage bond issuance 15 Green mortgage bond, ESG 26 Abbreviations 30 Disclaimer 32 This presentation is to support the understanding of the unde

  3. Slide 3: Business and earnings KPIs – summary

    Business and earnings KPIs – summary

  4. Slide 4: Business and earnings KPIs – summary

    Business and earnings KPIs – summary ▪ MBH Mortgage Bank had an outstanding first half year in terms of its financial results and strengthened its second position in the Hungarian mortgage bank sector in H1 2025. ▪ Profit before tax reached HUF 6.9 billion in H1 2025: it increased by HUF 2.7 billion

  5. Slide 5: Business environment

    Business environment M2H mortesce BANK

  6. Slide 6: Hectic economic performance – mortgage lending shows no signs of slowing

    Hectic economic performance – mortgage lending shows no signs of slowing Economic growth, fixed investments Mortgage-backed loans (source of data: KSH) (source of data: MNB) SURPRISE IN GDP: although based on most monthly data releases in Q2 there was a MORTGAGE LENDING CONTINUES TO ACCELERATE: in Q

  7. Slide 7: House prices almost explode – the number of newly built flats is staggeringly low

    House prices almost explode – the number of newly built flats is staggeringly low Annual rate of inflation, house prices Quarterly housing market indicators (source of data: KSH, MNB) (source of data: KSH, Duna House) ▪ INFLATION MODERATES: compared to the previous quarter, the 12-month rate ▪ STILL

  8. Slide 8: Profit and Loss developments, Balance sheet

    Profit and Loss developments, Balance sheet

  9. Slide 9: HUF 6.9 billion pre-tax profit in H1 2025

    HUF 6.9 billion pre-tax profit in H1 2025 Y/Y development of profit before tax H/H development of profit before tax (HUF billion) (HUF billion) +64.2% +128.6% 6.9 6.9 4.2 3.0 H1 2024 H1 2025 H2 2024 H1 2025 ▪ MBH Mortgage Bank’s profit before tax came at a favourable HUF 6.9 billion despite the paid

  10. Slide 10: Pre-tax profit of HUF 6.9 billion, mainly due to high net interest income

    Pre-tax profit of HUF 6.9 billion, mainly due to high net interest income The profit before tax of the Mortgage Bank reached HUF 6.9 billion in H1 2025 (+64,2% y/y): ▪ The improvement was mainly the result of a the 14.7% y/y increase in net interest income (HUF +1.0 bn y/y). ▪ The increase in net in

  11. Slide 11: Total assets decreased by 2.0% y/y

    Total assets decreased by 2.0% y/y The total assets of MBH Mortgage Bank reached HUF 858.6 billion at the end of H1 2025 (-2.0% y/y): ▪ Short-term funding needs of the Mortgage Bank were fulfilled by the Bank Group in the form of interbank deposits. Accordingly, the stock of loans to banks increased

  12. Slide 12: Refinanced portfolio, Own originated loans

    Refinanced portfolio, Own originated loans

  13. Slide 13: Refinanced portfolio rose on both annual and half-year basis

    Refinanced portfolio rose on both annual and half-year basis - MBH Bank remains the dominant refinancing partner Development of the refinanced portfolio Development of refinanced portfolio (HUF billion) by counterparty +2.8% 395.0 406.0 405.0 MBH 98.2% 391.9 1.8% Other 31.12.2024 30.06.2025 30.06.20

  14. Slide 14: Steady decline in the own originated gross loan portfolio

    Steady decline in the own originated gross loan portfolio - in line with the business strategy Breakdown of own originated gross loans* (HUF billion) 68.0 ▪ The Bank discontinued granting own 4.6 originated loans in 2018, hence the stock of 53.5 the remaining loans has been amortizing at 0.5 an acce

  15. Slide 15: Mortgage bond issuance

    Mortgage bond issuance M2H mortesce BANK

  16. Slide 16: MBH MB's covered bond rating provided by Moody's in middle-investment grade segment

    MBH MB’s covered bond rating provided by Moody’s in middle- investment grade segment Issuer rating: Ba3 / stable outlook Long- and short-term Counterparty Risk (CR) Assessment: Baa3(cr) / P-3(cr) Covered bond: A1 / not on watch ➢ A Moody’s Investor Service announced its long-term rating of ‚A1’ for

  17. Slide 17: MBH MB mortgage bonds on international stages: EEML and European Premium Covered Bond Logo

    MBH MB mortgage bonds on international stages: European Energy Efficient Mortgage Label and European Premium Covered Bond Logo The European Energy Efficient Mortgage Label (EEML) has been awarded to MBH Mortgage Bank on the basis of objective criteria by an independent advisory body associated with

  18. Slide 18: Permanent issuer activity in both green and non-green mortgage bonds

    Permanent issuer activity in both green and non-green mortgage bonds Mortgage bond issuance and outstanding amount (HUF billion) ▪ MBH Mortgage Bank's issuance activity focused on two investor segments: it organized public retail offerings and institutional public stock exchange auctions. ▪ Total vo

  19. Slide 19: Solid second position among domestic mortgage bond issuers

    Solid second position among domestic mortgage bond issuers The Bank’s market share in the mortgage bond market Mortgage banks’ share in the volume of outstanding (based on face value, HUF billion ) mortgage bonds* (based on face value), 30.06.2025 19.3% 18.5% 16.8% 17.3% 16.5% 379.7 387.2 386.7 350.

  20. Slide 20: Key player on the domestic mortgage bond market

    Key player on the domestic mortgage bond market Share of issuers of new Constant Stock Exchange presence mortgage bond issues in H1 2025 Domestic and international markets Domestic market ▪ Nearly 30-year experience on the debt capital market ▪ Shares have been registered on BSE for 22 years ▪ The m

  21. Slide 21: Digitalization in business services - MBH Index and MBH AVM

    Digitalization in business services - MBH Index and MBH AVM MBH House Price Index MBH AVM with more than a hundred data points Automated property valuation AVM MBH House Price Index has been continuously measuring AVM is an automated (residential) property valuation model residential property prices

  22. Slide 22: Maturity structure of issued securities

    Maturity structure of issued securities Maturity structure of MBH MB covered bonds and unsecured bonds (30 June 2025) (HUF million) ▪ Re-purchase/switch auctions ahead of scheduled maturities serve as tools for decreasing maturity 35,000 concentration. 35 000 ▪ 5Y or longer fixed coupon mortgage bon

  23. Slide 23: Share of green mortgage bonds increased further in total issued volume in H1 2025

    Share of green mortgage bonds increased further in total issued volume in H1 2025 Interest rate composition of FX composition of outstanding Share of Green Mortgage Bond outstanding mortgage bonds mortgage bonds in total mortgage bond volume (30.06.2025) (30.06.2025) (30.06.2025) 19% 0,0% 13% 11% 20

  24. Slide 24: OC increased sharply to above 25% in H1 2025

    OC increased sharply to above 25% in H1 2025 Cover pool composition and OC (in HUF billion) Strict regulatory requirements for the structure of cover pool assets and over-collateralisation 450 30% ▪ Minimum 2% of over- 400 25% collateralisation 350 ▪ 180-day liquidity buffer (liquid 300 20% assets c

  25. Slide 25: Cover pool assets: homogenous portfolio structure, low average LTV

    Cover pool assets: homogenous portfolio structure, low average LTV Asset types of cover pool Interest rate composition of cover pool FX composition of cover pool (30.06.2025) 0,0% 16% 8% 0% H1 2025 9% H1 2025 1% 9% 2024 H1 2024 H1 90% 91% 84% 100,0% 92% Residential loans HUF Other Commercial loans S

  26. Slide 26: Green mortgage bond, ESG

    Green mortgage bond, ESG iV MORTGAGE BANK

  27. Slide 27: Moody's SPO rated MBH Mortgage Bank's revised Green Covered Bond Framework

    Moody's SPO rated MBH Mortgage Bank's revised Green Covered Bond Framework Moody’s SPO score: SQ3 Green transparency reports: Starting from the first quarter of 2022, MBH MB publishes different reports in relation to outstanding mortgage bonds and cover assets for the same reporting day on a quarter

  28. Slide 28: The proportion of green mortgage bonds exceeds 12% within the outstanding mortgage bond portfolio

    The proportion of green mortgage bonds exceeds 12% within the outstanding mortgage bond portfolio Green mortgage bonds In H1 2025 MBH MB’s outstanding green mortgage bond portfolio Green mortgage bond outstanding amount and green cover asset pool remained unchanged at 48.6 billion HUF. The Eligible

  29. Slide 29: Standalone ESG strategy and Sustainability report

    Standalone ESG strategy and Sustainability report ESG project results for H1 2025 ▪ Review of the Green Covered Bond Framework: Development of the selection and impact assessment model for green mortgage loans ▪ Identification of the list of material topics related to the Sustainability Report (2025

  30. Slide 30: Abbreviations

    Abbreviations M2H mortesce BANK

  31. Slide 31: Abbreviations

    M3 Abbreviations MORTGAGE BANK Bank, MBH MB MBH Mortgage Bank ROE, ROAE Return on (average) equity Mortgage Bank ROA, ROAA Return on (average) assets NBH, HNB National Bank of Hungary CIR Cost-to-income ratio ESG Environment, Social, Governance KPI Key Performance Indicator GBP Green Bond Principles

  32. Slide 32: Disclaimer

    Disclaimer M2H mortesce BANK

  33. Slide 33: Disclaimer

    Disclaimer This presentation contains statements that are or may be deemed to be, “forward-looking statements” which are prospective in nature. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Investor relations Forward-looking

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