Q3 2022 Financial Performance Review
MKB
BANK
Value creation for shareholders with ROAE of 23.36% in Q3 2022
Financial Performance – KPIs
KPIs based on adjusted PAT
(HUF bn)
Profitability
TRM - Total Revenue Margin
NIM-Net Interest Margin
NFM-Net Fee Margin
CIM - Core Income Margin
Efficiency
CIR-Cost-to-Income Ratio
C/TA-Cost-to-Total Assets
ROAE - Return on Average Equity
ROMC - Return on Minimum Capital Required
Risk% - Risk Cost Ratio
Equity share information
MKB BANK
2021
2022
Q3
Q3 (Y)
FY
Q1
Q2
Q3
Q3 (Y)
A%-p
Y-Y (Y)
A%-p A%-p
Y-Y
Q-Q
3.69%
3.77% 3.71% 3.84% 4.65% 4.83%
2.29% 2.21% 2.20% 3.01% 3.79% 4.31%
0.82% 0.77% 0.79% 0.72% 0.80% 0.59%
3.11% 2.99% 2.98% 3.73% 4.58% 4.90%
4.45%
0.67%
1.14% 0.18%
3.71%
0.70%
4.41%
1.50% 2.02% 0.52%
-0.07% -0.23% -0.21%
1.43% 1.79% 0.32%
50.28% 50.16% 53.99% 45.49% 42.57%
1.85% 1.89% 2.00% 1.75% 1.98%
18.74% 21.25% 17.54% 25.93% 33.89%
23.99% 27.38% 22.65% 34.51% 47.66%
-0.42% -0.29% 0.13% -0.22% 0.15%
39.06%
1.89%
23.36%
34.50%
2.21%
42.08%
1.87%
27.70%
38.87%
0.74%
-8.08% -11.21% -3.51%
-0.02% 0.03% -0.09%
6.45% 4.63% -10.53%
11.49% 10.52% -13.15%
1.04% 2.63% 2.06%
EPS - Earning Per Share (HUF, annualized)
413.8
460.2
382.6
584.6
783.5
556.5
641.5
181.4
142.7
-227.0
24
24
Net interest margin continued to increase, reaching 4.31% in Q3 2022, with a growth of 0.52%pt q/q and 2.02%pt y/y, reflecting partly the rising interest rate
environment as well as surplus liquidity invested in risk-free assets, typically Treasury or MNB assets.
The Cost-to-Income ratio of 39.06% exhibits significant decrease compared both to Q2 2022 and to FY 2021, reflecting the increasing income generating capability
improving operating efficiency of MKB Group.
MKB Group generated an impressive return of 23.36% on average equity for Q3 2022, which demonstrates MKB's outstanding ability of creating added value for its
shareholders.
Note: Merged Bank's financials for periods prior to Q2 2022 are calculated on a pro-forma basisView entire presentation