Otp Bank S/Adr R (OTPGF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this point, I would like to hand over the floor to Mr. Laszlo Bencsik, Chief Financial and Strategic Officer. Laszlo, the stage is yours. Thank you. Good morning or good afternoon, depending where you are. And thank you so much for joining us on this mid-summer day. It's very warm here in Budapest and very sunny and unfortunately very dry. and the way fighting with the elements. Now, if we follow the usual, we are going to follow the usual process. We are going to show you the presentation, but the presentation is also available on the website so you can download it. And first I go through a reasonably brief presentation and then we'll have a question and answer So we may just start going to page two, the kind of high-level features or most important messages. They have not changed, so I don't think we should dwell on these. We continue to deliver on those lines. Page three, we try to summarize the situation and make sense of the numbers. Because in order to be able to understand the underlying business developments, we need to somewhat specify which numbers we are looking at. If we just look at looking at only the reported numbers, that is 306 billion half profit after tax in the second quarter and 483 billion half profit after tax for the first half and looking at the quarter and quarter and year on year developments of these numbers is not particularly insightful. One big problem with these numbers in order to make some sense of them is the usual one which we have been facing for a number of years that this extra profit tax and the bank tax and the in general the supervisory fees across the group they all have to be booked at the beginning of the year and since the the size of these numbers have grown unfortunately quite and so on. This has a huge impact on the...