OTP Bank's Profits Exceed Expectations

In the second quarter of this year, OTP Bank exceeded expectations, achieving a consolidated adjusted after-tax profit of HUF 330.015 billion, which is 23% higher than in the same period last year, according to information published on the Budapest Stock Exchange (BÉT) website early Tuesday morning.

The consolidated adjusted after-tax profit for the second quarter represents a 75% increase compared to the previous quarter.

According to the consensus estimate compiled by OTP, analysts had predicted an average profit of HUF 313.603 billion for the second quarter of this year.

Consolidated adjusted after-tax profit for the first half of the year was HUF 518.591 billion, 2% higher than in the previous year. According to the report, most of the bank's foreign subsidiaries generated profits in January-June, with foreign operations contributing 79% of profits in the first six months.

The report highlights that the consolidated after-tax profit for the first half of the year was affected by several special items that reduced profits, amounting to HUF 123 billion. Among these, special banking taxes in Hungary amounted to HUF 115.5 billion gross, while in Bulgaria and Slovenia, the after-tax impact of deposit insurance premiums accounted for HUF 16.8 billion for the full year.

If these items, which were recorded as a lump sum in the first half of the year, had been accounted for on a pro rata basis, the half-year after-tax profit would have been HUF 73.4 billion higher, the report said.

Operating profit increased by 20% year-on-year to HUF 868.847 billion in the first half of the year.

According to the report, total revenue increased by 15% year-on-year to HUF 1,436.738 billion in the first half of the year. Net interest income increased by 8% to HUF 946.382 billion. Net fees and commissions increased by 12% to HUF 291.248 billion in one year.

OTP Hungary's after-tax profit for the first six months of 2025 was HUF 74.745 billion, excluding dividend income from subsidiaries. The balance sheet total was HUF 44,337 billion at the end of the quarter, 2% more than in the previous year.