Investor Presentaiton
OTP Group achieved a profit after tax of HUF 28 billion in 1Q2022 excluding the Russian and Ukrainian operations,
with the Russian subsidiary suffering a loss of HUF 27 billion and the Ukrainian HUF 35 billion, respectively in 1Q 2022
OTP Group without
Russia and Ukraine
OTP Bank Russia
OTP Bank Ukraine
P&L (HUF billion)
2021
4Q 2021 1Q 2022
Q-o-Q
2021
4Q 2021 1Q 2022
2021
4Q 2021 1Q 2022
Total income
1,111
303
312
3%
118
33
26
84
26
23
Net interest income
731
204
200
-2%
91
25
21
62
19
19
Net fees and commissions
285
76
78
2%
26
8
5
14
3
Other net non-interest income
95
24
34
44%
1
0
7
Operating expenses
-568
-162
-149
-8%
-56
-15
-14
-29
Operating profit
543
142
163
15%
62
18
12
55
17
Total risk costs
-50
-23
-15
-2
-33
-7
Profit before tax
493
119
173
45%
47
17
-20
47
12
Corporate tax
-73
-19
-22
18%
-10
-3
-7
-8
Adjusted profit after tax
420
100
150
51%
38
13
-27
39
10
475220
1
-9
-8
15
-5
-49
-34
-2
0
-34
Adjustments
-40
-2
-122
0
0
0
0
of which Russian gov. bond impairment
0
0
-35
0
0
0
of which investment and goodwill impairment
2
-56
0
0
380
97
28
-71%
37
13
-27
39
009
0
000
0
10
-35
Profit after tax
Performance Indicators
Adjusted ROE
Performing loan growth (FX-adjusted)
Net interest margin
Cost/income ratio
Credit risk cost / average gross loan volumes
17.9%
+14%
+4%
3.09% 3.18%
16.5% 23.4%
18.2%
+3%
+18%
23.1%
+9%
3.05%
13.2%
13.1%
51.1% 53.3%
47.6%
47.2%
45.5%
0.19% 0.44%
2.0%
-53.3%
-7%
10.9%
52.9%
0.2% 16.3%
28.8%
+41%
7.5% 7.8% 8.1%
34.5% 34.1% 33.8%
1.1% 2.6% 28.8%
26.3%
+8%
-94.1%
+5%
Cotpbank
14View entire presentation