OTP BANK

OTP Bank NyRt reports solid operational growth for H1 2024: adjusted pre-tax profit +8% and operating pre-tax profit +11%, currency-adjusted loan growth 8% (accelerated in Q2) and a 19% rise in net interest income. Reported profit after tax was HUF 483 billion, but was reduced by higher taxes, regulatory levies and a one-off charge of HUF 30 billion related to the Hungarian mortgage rate cap. The bank announces the acquisition of Luminor to strengthen its presence in the Baltics and plans to curb expense growth for 2025; CET1 ratio was 17.6% and return on equity 22.4%. The share reacted moderately negatively and traded near its 52-week high, while management expects a slight margin improvement for 2024. » More on de.investing.com

OTP Bank reported a Q4 2025 pre-tax profit of HUF 343bn, missing consensus by 5%. Revenues were 1% below expectations; net interest income beat forecasts by 2%, but trading income and other income were 18% weaker. Operating costs were 5% higher, leaving pre-provision profit 7% below consensus, while risk costs were 21% lower. RoE was 21.3%, RoTE 22.4%, and the CET1 ratio fell to 18.1% (−30 bp). Loan growth remained robust at +15% year‑on‑year. For 2026 management expects around 15% currency‑adjusted organic loan growth, a stable net interest margin of about 4.34%, and a slightly higher cost‑income ratio of just over 41.7%. » More on de.investing.com