Investor Presentaiton
The 1Q adjusted ROE decreased to 12.1% shaped by surging risk costs in Russia and Ukraine
2003-2008 2009-2013
average average
2014
2015
2016
2017
2018
2019
2020
2021
1Q 2022
annualised
ROE
-4.6%
29.4%
8.3%
-7.4%
5.1%
15.4%
18.5% 18.7% 20.3% 10.9%
17.0%
(from profit after tax)
4.4%5
ROE
12.1%
29.0%
11.6%
8.5%
9.6%
15.4%
18.7% 19.1% 20.6% 13.0%
18.5%
(from adj. profit after tax)
23.4%5
Total Revenue
5.17%
8.60%
8.17%
7.74%
6.98%
6.79%
6.71%
6.33%
6.28% 5.37% 5.21%
Margin¹
4.75%5
Net Interest Margin¹
3.43%
6.02%
6.28%
5.96%
5.12%
4.82%
4.56%
4.30%
4.12%
3.61% 3.51%
3.05%5
Net Fee & Comm.
1.23%
1.50%
1.47%
1.59%
1.55%
1.62%
1.75%
1.58%
1.65%
1.34%
1.29%
Margin
1.18%5
Other income
0.51%
1.08%
0.41%
0.19%
0.31%
0.35%
0.41%
0.44%
0.52%
0.41%
0.41%
Margin¹
0.52%5
Operating Costs/
2.59%
2.43%
4.47%
3.80%
3.85% 3.66%
3.70%
3.68%
3.57%
Average Assets
3.31% 2.90%
2.67%4
2.26%5
Cost / Income
49.7%
47.1%
51.9%
46.5%
49.8%
52.0%
54.4%
54.9%
56.3%
52.7% 54.1%
(without one-offs)
51.2%4
47.6%5
Credit Risk Cost
1.42%
0.90%
3.37%
3.68%
3.18%
1.14%
0.43%
0.23%
0.28% 1.15%
0.30%
Rate²
-0.41%5
CET1 capital ratio³
9.1%
13.4%
14.1% 13.3%
13.5%
12.7%
16.5%
14.4% 15.4% 17.5% 16.2%
1 Excluding one-off items. ² Provision for impairment on loan and placement losses-to-average gross loans ratio. 3 Until 2006 calculated from
Hungarian Accounting Standard based unconsolidated figures as 'quasi CET1' divided by RWA, whereby 'quasi CET1' is calculated as
Primary capital less proportional deductions. From 2007 the CET1 ratio is calculated according to Basel 3 regulation, based on IFRS financials.
4 Adjusted for the shifting of Hungarian local business tax and innovation contribution from costs to the corporate tax line from 2021.
5 OTP Group excluding the Russian and Ukrainien operations.
Cotpbank
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