OTP Bank (OTP) investor relations material

Executive summary

• Strong business performance in the first nine months of 2025, with robust loan and deposit growth across core markets, especially Hungary and Bulgaria.

• Achieved dominant market position in CEE, with 43% of net loans in Eurozone/ERM II and 75% within the EU; 4.3-fold net loan growth and 14 acquisitions in 11 years.

• Operating profit up 16% year-over-year, with after-tax profit up 5% despite higher extra taxes, mainly in Hungary.

• ROE at 22.7% (adjusted for special items), with cost-to-income ratio below 40%, reflecting operational efficiency.

• S&P and Moody’s upgraded credit ratings; named second best performing large European bank by S&P Global.

Financial highlights

• Net profit for the first nine months reached HUF 849–886 billion (EUR 2.2–2.3 billion), up 3–5% year-over-year.

• Pre-tax profit growth of 8% year-over-year, with operating profit up 16%.

• Net interest income rose 9% year-over-year, with net interest margin stable at 4.30–4.31%.

• Cost-to-income ratio improved to 39–39.5%.

• Extra profit tax in Hungary increased by HUF 38 billion year-over-year, with total windfall tax expected at HUF 54 billion for 2025.

Outlook and guidance

• Loan growth expected to accelerate, with management guiding for FX-adjusted organic performing loan growth above 9% for 2025.

• Margin and cost-to-income ratio expected to remain stable, with cost-to-income guidance improved to around 41.3%.

• ROE anticipated to be lower than 2024 due to expected leverage decrease; credit risk cost rate may remain elevated.

• No formal guidance for 2026 yet; annual guidance to be provided with full-year results in March.

• Macroeconomic outlook positive, with GDP growth expected to improve in most operating countries, especially Hungary.