Investor Presentaiton
The consolidated profit after tax turned into red in 1Q due to the deeply negative balance of adjustment items.
The adjusted profit after tax for the first quarter reached HUF 88.6 billion, a decrease of 24% q-o-q and 28% y-o-y
Profit development (HUF billion)
93.3
Profit after tax
121.1
-33.4
117.3
Adjusted profit after tax
123.3
-28%
88.6
-24%
1Q 2021
4Q 2021
1Q 2022
1Q 2021
4Q 2021
1Q 2022
Adjustments (after tax)
1Q 2021
4Q 2021
1Q 2022
Special tax on financial institutions
-18.9
0.0
-20.2
Impairment on Russian government bonds in the books of
-34.5
OTP Core and DSK Bank
Goodwill write-off and tax impact of investment impairment
0.7
2.6
-56.3
Effect of acquisitions
-3.5
-6.7
-2.5
Result of the treasury share swap agreement
-2.4
2.2
-8.5
Total
-24.0
-2.2
-122.0
Cotpbank
110
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