OTP Bank Hungary

OTP Bank Hungary's net profit rose 45.6% to HUF 57,720 mil in 2Q2019

By Helgi Analytics - November 05, 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 branches rose 0.277% yoy to 362 in 2Q2019

By Helgi Analytics - November 05, 2019

OTP Bank Hungary employed 9,844 persons in 2019-06-30, up 0.723% compared to the previous year. Historically, the bank's workfor...

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

By Helgi Analytics - November 05, 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...

Profit Statement 2016 2017 2018
Net Interest Income HUF mil 235,871 234,304 245,934
Fee Income (As % Of Revenues) % 28.3 29.8 28.3
Other Income HUF mil 18,614 22,159 25,590
Total Revenues HUF mil 354,698 365,591 378,534
Operating Profit HUF mil 143,680 150,833 144,577
Provisions HUF mil -6,104 -30,784 -46,591
Net Profit HUF mil 122,194 168,576 180,445
Balance Sheet 2016 2017 2018
Customer Loans HUF mil 2,610,280 2,793,870 3,096,390
Total Assets HUF mil 7,148,670 7,704,140 8,563,420
Shareholders' Equity HUF mil 1,303,710 1,452,390 1,561,690
Interbank Borrowing HUF mil ... ... 236,700
Customer Deposits HUF mil 4,905,680 5,381,580 5,963,120
Issued Debt Securities HUF mil ... ... 465,870
Ratios 2016 2017 2018
ROE % 9.52 12.2 12.0
ROA % 1.76 2.27 2.22
Costs (As % Of Assets) % 3.05 2.89 2.88
Costs (As % Of Income) % 59.5 58.7 61.8
Capital Adequacy Ratio % ... ... 28.2
Net Interest Margin % 3.40 3.16 3.02
Loans (As % Of Deposits) % 53.2 51.9 51.9
NPLs (As % Of Loans) % 9.80 6.43 ...
Provisions (As % Of NPLs) % 82.7 88.5 ...
Growth Rates 2016 2017 2018
Total Revenue Growth % -3.41 3.07 3.54
Operating Cost Growth % 7.31 1.77 8.94
Operating Profit Growth % -15.8 4.98 -4.15
Net Profit Growth % -0.944 38.0 7.04
Customer Loan Growth % 9.02 7.03 10.8
Total Asset Growth % 6.58 7.77 11.2
Customer Deposit Growth % 9.14 9.70 10.8
Shareholders' Equity Growth % 3.08 11.4 7.53
Employees 8,293 9,049 9,631

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Net Interest Income HUF mil ...           292,570 273,276 266,329 251,564 235,871    
Total Revenues HUF mil ...           394,243 384,587 375,668 367,234 354,698    
Operating Profit HUF mil ...           211,355 194,390 181,952 170,598 143,680    
Net Profit HUF mil ...           94,587 114,879 137,418 123,359 122,194    
balance sheet                          
Customer Loans HUF mil             2,807,560 3,134,510 2,753,420 2,394,360 2,610,280    
Total Assets HUF mil             6,229,360 6,454,940 7,127,610 6,707,420 7,148,670    
Shareholders' Equity HUF mil             1,219,300 1,277,500 1,288,530 1,264,740 1,303,710    
Interbank Borrowing HUF mil ... ... ... ... ... ... ... ... ... ... ... ...  
Customer Deposits HUF mil             3,632,700 3,967,790 4,459,300 4,494,950 4,905,680    
Issued Debt Securities HUF mil ... ... ... ... ... ... ... ... ... ... ... ...  
ratios                          
ROE % ...           7.93 9.20 10.7 9.66 9.52    
ROA % ...           1.48 1.81 2.02 1.78 1.76    
Costs (As % Of Assets) % ...           2.86 3.00 2.85 2.84 3.05    
Costs (As % Of Income) % ...           46.4 49.5 51.6 53.5 59.5    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ...  
Net Interest Margin % ...           4.58 4.31 3.92 3.64 3.40    
Interest Income (As % Of Revenues) % ...           74.2 71.1 70.9 68.5 66.5    
Fee Income (As % Of Revenues) % ...           21.8 23.8 25.1 26.5 28.3    
Equity (As % Of Assets) %             19.6 19.8 18.1 18.9 18.2    
Loans (As % Of Deposits) %             77.3 79.0 61.7 53.3 53.2    
Loans (As % Assets) %             45.1 48.6 38.6 35.7 36.5    
NPLs (As % Of Loans) % ... ...         16.1 17.4 17.5 12.1 9.80   ...
Provisions (As % Of NPLs) % ... ...         81.9 85.2 76.5 85.8 82.7   ...
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Net Interest Income HUF mil ...           292,570 273,276 266,329 251,564 235,871    
Net Fee Income HUF mil ...           85,820 91,507 94,244 97,480 100,213    
Other Income HUF mil ...           15,853 19,804 15,095 18,191 18,614    
Total Revenues HUF mil ...           394,243 384,587 375,668 367,234 354,698    
Operating Cost HUF mil ...           182,888 190,197 193,716 196,636 211,018    
Operating Profit HUF mil ...           211,355 194,390 181,952 170,598 143,680    
Provisions HUF mil ...           90,056 54,094 23,410 25,555 -6,104    
Extra and Other Cost HUF mil ...           3,779 -3,539 -2,556 -4,172 -2,090    
Pre-Tax Profit HUF mil ...           117,520 143,836 161,097 149,216 151,874    
Tax HUF mil ...           22,933 28,957 23,679 25,857 29,680    
Minorities HUF mil ...           0 0 0 0 0    
Net Profit HUF mil ...           94,587 114,879 137,418 123,359 122,194    
growth rates                          
Net Interest Income Growth % ... ...         -10.6 -6.59 -2.54 -5.54 -6.24    
Net Fee Income Growth % ... ...         1.34 6.63 2.99 3.43 2.80    
Total Revenue Growth % ... ...         -6.00 -2.45 -2.32 -2.25 -3.41    
Operating Cost Growth % ... ...         -0.821 4.00 1.85 1.51 7.31    
Operating Profit Growth % ... ...         -10.1 -8.03 -6.40 -6.24 -15.8    
Pre-Tax Profit Growth % ... ...         -24.1 22.4 12.0 -7.38 1.78    
Net Profit Growth % ... ...         -17.1 21.5 19.6 -10.2 -0.944    
market share                          
Market Share in Revenues % ...           43.8 38.4 35.6 43.0 31.4   ...
Market Share in Net Profit % ...         ... ... 368 ... ... 27.6   ...
Market Share in Employees % ...           20.7 21.2 20.9 21.3 21.4   ...
Market Share in Branches % ...           11.4 11.8 12.2 13.3 13.4   ...
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                          
Customer Loans HUF mil             2,807,560 3,134,510 2,753,420 2,394,360 2,610,280    
Retail Loans HUF mil ...           2,180,190 2,017,470 1,937,440 1,624,500 1,748,280    
Mortgage Loans HUF mil ...           1,620,980 1,479,180 1,428,300 1,163,730 1,274,870    
Consumer Loans HUF mil ...           559,204 538,284 509,142 460,764 473,405    
Corporate Loans HUF mil ...           1,054,150 1,017,000 815,980 769,867 862,000    
Total Assets HUF mil             6,229,360 6,454,940 7,127,610 6,707,420 7,148,670    
Shareholders' Equity HUF mil             1,219,300 1,277,500 1,288,530 1,264,740 1,303,710    
Liabilities HUF mil             5,010,060 5,177,440 5,839,080 5,442,680 5,844,970    
Interbank Borrowing HUF mil ... ... ... ... ... ... ... ... ... ... ... ...  
Customer Deposits HUF mil             3,632,700 3,967,790 4,459,300 4,494,950 4,905,680    
Retail Deposits HUF mil ...           2,026,580 1,933,820 2,064,470 2,294,900 2,598,490    
Corporate Deposits HUF mil ...           1,366,640 1,595,940 1,988,640 1,837,590 1,797,610    
Issued Debt Securities HUF mil ... ... ... ... ... ... ... ... ... ... ... ...  
Other Liabilities HUF mil ... ... ... ... ... ... ... ... ... ... ... ...  
asset quality                          
Non-Performing Loans HUF mil ... ...         521,062 527,591 482,770 290,052 255,841   ...
Gross Loans HUF mil ...           3,234,340 3,034,470 2,753,420 2,394,360 2,610,280    
Total Provisions HUF mil ...           426,779 449,752 369,232 248,887 211,583    
growth rates                          
Customer Loan Growth % ...           -12.1 11.6 -12.2 -13.0 9.02    
Retail Loan Growth % ... ...         -8.84 -7.46 -3.97 -16.2 7.62    
Mortgage Loan Growth % ... ...         -11.7 -8.75 -3.44 -18.5 9.55    
Consumer Loan Growth % ... ...         0.577 -3.74 -5.41 -9.50 2.74    
Corporate Loan Growth % ... ...         -11.4 -3.52 -19.8 -5.65 12.0    
Total Asset Growth % ...           -4.87 3.62 10.4 -5.90 6.58    
Shareholders' Equity Growth % ...           4.63 4.77 0.863 -1.85 3.08    
Customer Deposit Growth % ...           1.77 9.22 12.4 0.799 9.14    
Retail Deposit Growth % ... ...         -5.59 -4.58 6.76 11.2 13.2    
Corporate Deposit Growth % ... ...         11.7 16.8 24.6 -7.60 -2.18    
market share                          
Market Share in Customer Loans %             17.5 20.4 18.4 18.0 19.8   ...
Market Share in Corporate Loans % ...           17.7 17.8 13.9 14.5 15.6   ...
Market Share in Retail Loans % ...           18.8 20.1 20.6 22.4 21.9   ...
Market Share in Consumer Loans % ...           33.5 33.5 33.3 32.1 34.4   ...
Market Share in Mortgage Loans % ...           45.9 44.3 42.8 38.7 43.6   ...
Market Share in Total Assets %             18.1 18.3 19.5 18.6 19.1   ...
Market Share in Customer Deposits %             24.8 26.7 27.8 25.1 25.8   ...
Market Share in Retail Deposits % ...           26.4 27.9 30.0 32.6 35.9   ...
Market Share in Corporate Deposits % ...           31.2 31.8 38.1 30.8 27.4   ...
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                          
ROE % ...           7.93 9.20 10.7 9.66 9.52    
ROA % ...           1.48 1.81 2.02 1.78 1.76    
Costs (As % Of Assets) % ...           2.86 3.00 2.85 2.84 3.05    
Costs (As % Of Income) % ...           46.4 49.5 51.6 53.5 59.5    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ...  
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ...  
Net Interest Margin % ...           4.58 4.31 3.92 3.64 3.40    
Interest Income (As % Of Revenues) % ...           74.2 71.1 70.9 68.5 66.5    
Fee Income (As % Of Revenues) % ...           21.8 23.8 25.1 26.5 28.3    
Other Income (As % Of Revenues) % ...           4.02 5.15 4.02 4.95 5.25    
Equity (As % Of Assets) %             19.6 19.8 18.1 18.9 18.2    
Loans (As % Of Deposits) %             77.3 79.0 61.7 53.3 53.2    
Loans (As % Assets) %             45.1 48.6 38.6 35.7 36.5    
NPLs (As % Of Loans) % ... ...         16.1 17.4 17.5 12.1 9.80   ...
Provisions (As % Of NPLs) % ... ...         81.9 85.2 76.5 85.8 82.7   ...
Provisions (As % Of Loans) % ...           15.2 14.3 13.4 10.4 8.11    
Cost of Provisions (As % Of Loans) % ...           3.00 1.82 0.795 0.993 -0.244    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                          
Branches ...           380 382 380 375 367    
Employees ...           8,507 8,615 8,244 8,142 8,293    
ATMs ...           1,956 2,017 1,976 1,895 1,883    

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

By Helgi Analytics - November 05, 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 Analytics - November 05, 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...

OTP Bank Hungary's net interest income rose 2.30% to HUF 65,765 mil in 2Q2019

By Helgi Analytics - November 05, 2019

OTP Bank Hungary generated total banking revenues of HUF 107,144 mil in the second quarter of 2019, up 9.82% when compared to the same period of last year and 8.9% when compared to the previous quarter. Historically, the bank’s revenues containing of interest...

OTP Bank Hungary's equity (as % of assets) rose 4.25% yoy to 18.4% in 2Q2019

By Helgi Analytics - November 05, 2019

OTP Bank Hungary's Equity reached 5.23% of total assets in the 2Q2019, up from 4.85% for the previous year. As a share of net customer loans, the ratio amounted to 8.02% at the end of the second quarter of 2019. ...

OTP Bank Hungary's retail loan growth rose 53.7% yoy to 7.54% in 2Q2019

By Helgi Analytics - November 05, 2019

OTP Bank Hungary's retail loans reached HUF 2,031,910 mil at the end of 2019-06-30, up 2.54% compared to the previous year. In the last decade, the average annual loan growth amounted to -0.683%. Overall, retail loans accounted for 62.6% of the bank's loan ...

OTP Bank Hungary's net profit rose 7.04% to HUF 180,445 mil in 2018

By Helgi Analytics - November 05, 2019

OTP Bank Hungary made a net profit of HUF 180,445 mil in 2018, up 7.04% compared to the previous year. This implies a return on equity of 12.0%. Historically, the bank’s net profit reached an all time high of HUF 182,699 mil in 2009 and an all time low of H...

OTP Bank Hungary's branches remain unchanged at 362 in 2018

By Helgi Analytics - November 05, 2019

OTP Bank Hungary employed 9,631 persons in 2018, up 6.43% compared to the previous year. Historically, the bank's workforce hit an all time high of 9,631 persons in 2018 and an all time low of 7,800 in 2010. The bank operated a network of 362 branches and ...

OTP Bank Hungary's corporate loans rose 30.9% to HUF 1,270,470 mil in 2018

By Helgi Analytics - November 05, 2019

OTP Bank Hungary's loans reached HUF 3,241,340 mil in the 2018, up from HUF 2,793,870 mil compared to the previous year. Historically, the bank’s loans reached an all time high of HUF 3,584,080 mil in 2010 and an all time low of HUF 2,394,360 mil in 2015. ...

OTP Bank Hungary's net interest income rose 4.96% to HUF 245,934 mil in 2018

By Helgi Analytics - November 05, 2019

OTP Bank Hungary generated total banking revenues of HUF 378,534 mil in 2018, up 3.54% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of HUF 432,796 mil in 2010...

OTP Bank Hungary's customer loan growth rose 53.9% to 10.8% in 2018

By Helgi Analytics - November 05, 2019

OTP Bank Hungary's customer loan growth reached 10.8% in 2018, up from 7.03% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 12.3% in 2007 and an all time low of -13.0% in 2015. In the last decade, the aver...

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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.