Recently, OTP Group once again secured second place in S&P Global Market Intelligence’s European bank performance ranking. This marks the third consecutive year in which the Group has been recognised among Europe’s top two best‑performing banks.
In the first half of 2026, OTP Group delivered another period of solid, broad‑based performance. Profit after tax reached HUF 580 billion (EUR 1.56 billion), with a normalized return on equity of 21%. Reported profit stood at HUF 483 billion (EUR 1.30 billion), reflecting the upfront recognition of annual special taxes and regulatory fees.
Revenues increased by 5%, driven primarily by a strong 13% rise in net interest income (19% adjusted for FX). The Group’s net interest margin climbed to 4.61%. Operating expenses grew 12%, yet the cost‑to‑income ratio remained contained at 42%.
Credit quality stayed robust. Stage 3 loans declined to 3.2%, while risk costs fell 16% year‑on‑year. Lending activity strengthened across the Group: performing loans grew 8% in the first half and 17% year‑on‑year on an FX‑adjusted basis, with mortgages continuing to lead the expansion.
Client deposits increased by 6%, keeping the loan‑to‑deposit ratio at a balanced 78%. Capital buffers remain strong, with a CET1 ratio of 17.6% and total capital adequacy at 20.3%. The EUR 1 billion Tier 2 issuance completed in June marked the largest capital markets transaction in OTP Bank’s history.
Given the first‑half dynamics, management now expects the full‑year net interest margin to exceed the 2025 level of 4.34%. Performing loan growth could remain close to 15% (FX‑adjusted), with a credit risk profile broadly in line with last year.
