Q3 2022 Financial Performance Review
20
MKB
Core banking income attributed mainly (HUF 125.0 bn) to the Adjusted TOCI for Q3(Y) 2022
BANK Adjusted Profit After Tax - TOCI
20
Q/Q development of TOCI (HUF bn)
Accounting Total Comprehensive Income (Q3) Adjusted Total Comprehensive Income (Q3)
97.5
Core banking result
(TOCI w/o FX+FV+OCI result)
FX+FV+OCI result
-7.3
Q1 2022
45.9
Q2 2022
36.5
-9.4
Q3 2022
Y/Y dev. of adj. TOCI (HUF bn)
Adjusted TOCI Q3(Y)
132.4
7.3
+48.7
40.6
-60.4
83.6
+83.1
41.7
125.0
37.0
3.8.
56.9
35.0
33.2
41.9
-37.1
-2.1
Q1 2022
Q2 2022
Q3 2022
2021 Q3(Y)
2022 Q3(Y)
MKB Group's Adjusted Total Comprehensive Income for Q3 2022 was HUF 37.0 bn, significantly lower than the previous quarter's result (HUF -60.4 bn q/q). Within
TOCI, the core banking result decreased by HUF 23.7 bn (-41.7% q/q) due to charging risk cost. However, core income increased by 10.3% q/q (HUF +12.0 bn) thanks to
higher net interest income, demonstrating a well-balanced income structure of the Group.
The sum of FV, FX and OCI results in Q3 2022 amounted to HUF 3.8 bn, showing a significant decline compared to the HUF 40.6 bn gain in the previous quarter. The
growth in Q2 compensated for the loss in Q1, so the sum of FV, FX and OCI results were flat in Q3.
Note: Merged Bank's financials for periods prior to Q2 2022 are calculated on a pro-forma basisView entire presentation