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OTP Bank Hungary

OTP Bank Hungary's net profit rose 2.60% yoy to HUF 57,720 mil in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary made a net profit of HUF 57,720 mil under revenues of HUF 107,144 mil in the second quarter of 2019, up 2.6% and ...

OTP Bank Hungary's net profit rose 2.60% yoy to HUF 57,720 mil in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary made a net profit of HUF 57,720 mil under revenues of HUF 107,144 mil in the second quarter of 2019, up 2.6% and ...

OTP Bank Hungary's customer deposits rose 9.70% yoy to HUF 5,381,580 mil in 4Q2017

By Helgi Library - August 11, 2019

OTP Bank Hungary's customer deposits reached HUF 5,381,580 mil in 2017-12-31, up 4.98% compared to the previous year. Hungarian...

Profit Statement Dec 2018 Mar 2019 Jun 2019
Net Interest Income HUF mil 63,138 64,284 65,765
Net Fee Income HUF mil 25,825 26,005 32,523
Other Income HUF mil 5,401 8,099 8,857
Total Revenues HUF mil 94,364 98,388 107,144
Operating Profit HUF mil 26,176 37,229 45,015
Provisions HUF mil -17,581 -6,648 -11,197
Net Profit HUF mil 40,823 39,633 57,720
Balance Sheet Dec 2018 Mar 2019 Jun 2019
Customer Loans HUF mil 3,096,390 3,087,090 3,243,440
Total Assets HUF mil 8,563,420 8,671,860 8,814,170
Shareholders' Equity HUF mil 1,561,690 1,566,280 1,621,580
Interbank Borrowing HUF mil 236,700 287,874 256,130
Customer Deposits HUF mil 5,963,120 6,096,450 6,202,030
Issued Debt Securities HUF mil 465,870 430,971 428,787
Ratios Dec 2018 Mar 2019 Jun 2019
ROE % 10.6 10.1 14.5
ROA % 1.93 1.84 2.64
Costs (As % Of Assets) % 3.23 2.84 2.84
Costs (As % Of Income) % 72.3 62.2 58.0
Capital Adequacy Ratio % 28.2 27.5 26.6
Net Interest Margin % 2.99 2.98 3.01
Loans (As % Of Deposits) % 51.9 50.6 52.3
Growth Rates Dec 2018 Mar 2019 Jun 2019
Total Revenue Growth % 3.12 9.88 9.82
Operating Cost Growth % 16.6 18.6 10.2
Operating Profit Growth % -20.8 -1.93 9.34
Net Profit Growth % 28.8 1.37 2.60
Customer Loan Growth % 17.5 15.1 13.4
Total Asset Growth % 11.2 7.89 6.98
Customer Deposit Growth % 10.8 9.45 9.48
Shareholders' Equity Growth % 9.19 10.1 11.5
Employees 9,631 9,774 9,844

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summary Unit Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
income statement                                                                                                      
Net Interest Income HUF mil ...                                                                                       60,132 59,506 60,004 63,286 63,138    
Total Revenues HUF mil ...                                                                                       91,507 89,539 97,562 97,070 94,364    
Operating Profit HUF mil ...                                                                                       33,042 37,961 41,171 39,270 26,176    
Net Profit HUF mil ...                                                                                       31,685 39,096 56,259 44,268 40,823    
balance sheet                                                                                                      
Customer Loans HUF mil                                                                                         2,634,920 2,681,000 2,860,240 3,025,980 3,096,390    
Total Assets HUF mil                                                                                         7,704,140 8,037,660 8,239,390 8,349,720 8,563,420    
Shareholders' Equity HUF mil                                                                                         1,430,260 1,422,550 1,454,010 1,506,140 1,561,690    
Interbank Borrowing HUF mil ...                                                                                       285,539 314,015 364,291 291,250 236,700    
Customer Deposits HUF mil                                                                                         5,381,580 5,570,100 5,664,840 5,775,620 5,963,120    
Issued Debt Securities HUF mil ...                                                                                       295,298 305,489 349,414 381,852 465,870    
ratios                                                                                                      
ROE % ...                                                                                       8.95 11.0 15.6 12.0 10.6    
ROA % ...                                                                                       1.67 1.99 2.77 2.13 1.93    
Costs (As % Of Assets) % ...                                                                                       3.08 2.62 2.77 2.79 3.23    
Costs (As % Of Income) % ...                                                                                       63.9 57.6 57.8 59.5 72.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                         31.4 31.8 30.6 30.8 28.2    
Net Interest Margin % ...                                                                                       3.16 3.02 2.95 3.05 2.99    
Interest Income (As % Of Revenues) % ...                                                                                       65.7 66.5 61.5 65.2 66.9    
Fee Income (As % Of Revenues) % ...                                                                                       28.6 26.6 29.9 29.0 27.4    
Equity (As % Of Assets) %                                                                                         18.6 17.7 17.6 18.0 18.2    
Loans (As % Of Deposits) %                                                                                         49.0 48.1 50.5 52.4 51.9    
Loans (As % Assets) %                                                                                         34.2 33.4 34.7 36.2 36.2    
valuation                                                                                                      
Book Value Per Share Growth % ... ... ... ... ...                                                                               -1.32 3.33 2.23 9.32 5.00    
income statement Unit Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
income statement                                                                                                      
Net Interest Income HUF mil ...                                                                                       60,132 59,506 60,004 63,286 63,138    
Net Fee Income HUF mil ...                                                                                       26,214 23,840 29,184 28,161 25,825    
Other Income HUF mil ...                                                                                       5,161 6,193 8,374 5,623 5,401    
Total Revenues HUF mil ...                                                                                       91,507 89,539 97,562 97,070 94,364    
Operating Cost HUF mil ...                                                                                       58,464 51,578 56,390 57,800 68,188    
Operating Profit HUF mil ...                                                                                       33,042 37,961 41,171 39,270 26,176    
Provisions HUF mil ...                                                                                       -174 -6,505 -14,414 -8,090 -17,581    
Extra and Other Cost HUF mil ...                                                                                       -106 1,845 -5,289 -636 86.2    
Pre-Tax Profit HUF mil ...                                                                                       33,322 42,621 60,874 47,996 43,671    
Tax HUF mil ...                                                                                       1,637 3,526 4,616 3,728 2,848    
Net Profit HUF mil ...                                                                                       31,685 39,096 56,259 44,268 40,823    
growth rates                                                                                                      
Net Interest Income Growth % ... ... ... ... ...                                                                               -1.32 3.33 2.23 9.32 5.00    
Net Fee Income Growth % ... ... ... ... ...                                                                               3.77 -1.69 -2.41 -2.08 -1.48    
Total Revenue Growth % ... ... ... ... ...                                                                               2.64 1.83 2.49 6.71 3.12    
Operating Cost Growth % ... ... ... ... ...                                                                               3.19 3.38 8.77 5.95 16.6    
Operating Profit Growth % ... ... ... ... ...                                                                               1.69 -0.190 -5.02 7.85 -20.8    
Pre-Tax Profit Growth % ... ... ... ... ...                                                                               11.2 -7.40 9.26 -4.96 31.1    
Net Profit Growth % ... ... ... ... ...                                                                               33.0 -4.29 14.0 -5.19 28.8    
market share                                                                                                      
Market Share in Revenues % ...                                                                                       29.1 ... ... ... ... ... ...
Market Share in Net Profit % ...               ...       ...     ... ...     ... ...   ... ... ...   ...   ...   ... ... ...       ...               23.2 ... ... ... ... ... ...
balance sheet Unit Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
balance sheet                                                                                                      
Customer Loans HUF mil                                                                                         2,634,920 2,681,000 2,860,240 3,025,980 3,096,390    
Retail Loans HUF mil ...                                                                                       1,823,120 1,845,160 1,889,400 1,944,680 1,970,880    
Mortgage Loans HUF mil ...                                                                                       1,173,100 1,184,730 1,203,060 1,231,730 1,247,610    
Consumer Loans HUF mil ...                                                                                       650,013 660,438 686,345 712,945 723,267    
Corporate Loans HUF mil ...                                                                                       970,755 1,007,610 1,135,850 1,241,180 1,270,470    
Total Assets HUF mil                                                                                         7,704,140 8,037,660 8,239,390 8,349,720 8,563,420    
Shareholders' Equity HUF mil                                                                                         1,430,260 1,422,550 1,454,010 1,506,140 1,561,690    
Liabilities HUF mil                                                                                         6,273,880 6,615,110 6,785,380 6,843,580 7,001,740    
Interbank Borrowing HUF mil ...                                                                                       285,539 314,015 364,291 291,250 236,700    
Customer Deposits HUF mil                                                                                         5,381,580 5,570,100 5,664,840 5,775,620 5,963,120    
Retail Deposits HUF mil ...                                                                                       3,470,550 3,628,730 3,777,920 3,860,120 4,045,370    
Corporate Deposits HUF mil ...                                                                                       1,911,030 1,941,370 1,886,920 1,915,500 1,917,760    
Issued Debt Securities HUF mil ...                                                                                       295,298 305,489 349,414 381,852 465,870    
Other Liabilities HUF mil ...                                                                                       311,461 425,510 406,832 394,856 336,042    
asset quality                                                                                                      
Gross Loans HUF mil                                                                                         2,793,870 2,852,780 3,025,250 3,185,860 3,241,340    
Total Provisions HUF mil                                                                                         158,951 171,775 165,009 159,875 144,954    
growth rates                                                                                                      
Customer Loan Growth % ... ... ... ...                                                                                 9.85 8.85 12.5 15.4 17.5    
Retail Loan Growth % ... ... ... ... ...                                                                               4.28 4.57 4.91 6.84 8.10    
Mortgage Loan Growth % ... ... ... ... ...                                                                               0.626 1.83 3.53 5.74 6.35    
Consumer Loan Growth % ... ... ... ... ...                                                                               11.6 9.85 7.42 8.79 11.3    
Corporate Loan Growth % ... ... ... ... ...                                                                               12.6 11.6 22.5 27.8 30.9    
Total Asset Growth % ... ... ... ...                                                                                 7.77 11.8 13.6 11.3 11.2    
Shareholders' Equity Growth % ... ... ... ...                                                                                 8.97 9.15 7.58 7.47 9.19    
Customer Deposit Growth % ... ... ... ...                                                                                 9.70 14.9 15.9 12.7 10.8    
Retail Deposit Growth % ... ... ... ... ...                                                                               9.68 13.7 13.5 15.4 16.6    
Corporate Deposit Growth % ... ... ... ... ...                                                                               9.74 17.1 20.9 7.46 0.352    
market share                                                                                                      
Market Share in Customer Loans %                                                                                         14.5 ... ... ... ... ... ...
Market Share in Corporate Loans % ...                                                                                       15.7 ... ... ... ... ... ...
Market Share in Retail Loans % ...                                                                                       34.1 ... ... ... ... ... ...
Market Share in Consumer Loans % ...                                                                                       28.0 ... ... ... ... ... ...
Market Share in Mortgage Loans % ...                                                                                       38.7 38.9 ... ... ... ... ...
Market Share in Total Assets %                                                                                         21.2 ... ... ... ... ... ...
Market Share in Customer Deposits %                                                                                         26.3 ... ... ... ... ... ...
Market Share in Retail Deposits % ...                                                                                       44.9 ... ... ... ... ... ...
Market Share in Corporate Deposits % ...                                                                                       25.4 ... ... ... ... ... ...
ratios Unit Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
ratios                                                                                                      
ROE % ...                                                                                       8.95 11.0 15.6 12.0 10.6    
ROA % ...                                                                                       1.67 1.99 2.77 2.13 1.93    
Costs (As % Of Assets) % ...                                                                                       3.08 2.62 2.77 2.79 3.23    
Costs (As % Of Income) % ...                                                                                       63.9 57.6 57.8 59.5 72.3    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                         31.4 31.8 30.6 30.8 28.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                         29.0 29.5 28.2 28.5 26.2    
Net Interest Margin % ...                                                                                       3.16 3.02 2.95 3.05 2.99    
Asset Yield % ...                                                                                       3.16 3.02 2.95 3.05 2.99    
Payout Ratio % ...                                                                                       0 0 0 0 0    
Interest Income (As % Of Revenues) % ...                                                                                       65.7 66.5 61.5 65.2 66.9    
Fee Income (As % Of Revenues) % ...                                                                                       28.6 26.6 29.9 29.0 27.4    
Other Income (As % Of Revenues) % ...                                                                                       5.64 6.92 8.58 5.79 5.72    
Equity (As % Of Assets) %                                                                                         18.6 17.7 17.6 18.0 18.2    
Loans (As % Of Deposits) %                                                                                         49.0 48.1 50.5 52.4 51.9    
Loans (As % Assets) %                                                                                         34.2 33.4 34.7 36.2 36.2    
Provisions (As % Of Loans) %                                                                                         6.03 6.41 5.77 5.28 4.68    
Cost of Provisions (As % Of Loans) % ...                                                                                       -0.026 -0.979 -2.08 -1.10 -2.30    
other data Unit Dec 2006 Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
other data                                                                                                      
Branches ...                                                                                       362 361 361 361 362    
Employees ...                                                                                       9,049 9,261 9,385 9,588 9,631    
ATMs ...                                                                                       1,945 1,923 1,929 1,926 1,931    
Risk-Weighted Assets HUF mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                       4,520,140 4,637,810 4,870,230 4,926,610 5,471,480    

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OTP Bank Hungary's customer deposits rose 9.70% yoy to HUF 5,381,580 mil in 4Q2017

By Helgi Library - August 11, 2019

OTP Bank Hungary's customer deposits reached HUF 5,381,580 mil in 2017-12-31, up 4.98% compared to the previous year. Hungarian banking sector accepted customer deposits of HUF 20,469 bil in 2017-12-31, up 5.25% when compared to the last year. OTP Bank Hu...

OTP Bank Hungary's branches rose 0.277% yoy to 362 in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary employed 9,844 persons in 2019-06-30, up 0.723% compared to the previous year. Historically, the bank's workforce hit an all time high of 9,844 persons in 2019-06-30 and an all time low of 7,800 in 2010-12-31. The bank operated a network of ...

OTP Bank Hungary's branches rose 0.277% yoy to 362 in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary employed 9,844 persons in 2019-06-30, up 0.723% compared to the previous year. Historically, the bank's workforce hit an all time high of 9,844 persons in 2019-06-30 and an all time low of 7,800 in 2010-12-31. The bank operated a network of ...

OTP Bank Hungary's corporate loans rose 18.9% yoy to HUF 1,350,560 mil in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary's loans reached HUF 3,382,470 mil in the second quarter of 2019, up from HUF 3,229,750 mil when compared to the previous quarter and up from HUF 3,025,250 mil when compared to the same period of last year. Historically, the bank’s l...

OTP Bank Hungary's mortgage loans rose 1.83% yoy to HUF 1,184,730 mil in 1Q2018

By Helgi Library - August 11, 2019

OTP Bank Hungary's mortgage loans reached HUF 1,184,730 mil in 1Q2018, up 0.991% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,047 bil in 1Q2018, up 0.478% when compared to the last year. OTP Bank Hungary account...

OTP Bank Hungary's mortgage loans rose 1.83% yoy to HUF 1,184,730 mil in 1Q2018

By Helgi Library - August 11, 2019

OTP Bank Hungary's mortgage loans reached HUF 1,184,730 mil in 1Q2018, up 0.991% compared to the previous year. Hungarian banking sector provided mortgage loans of HUF 3,047 bil in 1Q2018, up 0.478% when compared to the last year. OTP Bank Hungary account...

OTP Bank Hungary's corporate loans rose 18.9% yoy to HUF 1,350,560 mil in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary's loans reached HUF 3,382,470 mil in the second quarter of 2019, up from HUF 3,229,750 mil when compared to the previous quarter and up from HUF 3,025,250 mil when compared to the same period of last year. Historically, the bank’s l...

OTP Bank Hungary's capital adequacy ratio fell 12.8% yoy to 26.6% in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary's capital adequacy ratio reached 26.6% at the end of second quarter of 2019, down from 27.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 32.2% in 1Q2017 and an all time low of 18.3% in 2Q201...

OTP Bank Hungary's capital adequacy ratio fell 12.8% yoy to 26.6% in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary's capital adequacy ratio reached 26.6% at the end of second quarter of 2019, down from 27.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 32.2% in 1Q2017 and an all time low of 18.3% in 2Q201...

OTP Bank Hungary's customer loan growth rose 7.20% yoy to 13.4% in 2Q2019

By Helgi Library - August 11, 2019

OTP Bank Hungary's customer loan growth reached 13.4% in 2019-06-30, up from 12.5% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 18.1% in 2008-03-31 and an all time low of -12.1% in 2012-12-31. In the las...

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Finance

OTP Bank Hungary has been growing its revenues and asset by 0.191% and 5.60% a year on average in the last 10 years. Its loans and deposits have grown by -0.426% and 6.28% a year during that time and loans to deposits ratio reached 51.9% at the end of 2018. The company achieved an average return on equity of 11.3% in the last decade with net profit growing 3.11% a year on average. In terms of operating efficiency, its cost to income ratio reached 61.8% in 2018, compared to 50.9% average in the last decade.

Equity represented 18.2% of total assets or 50.4% of loans at the end of 2018. OTP Bank Hungary's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.