OTP Bank Nyrt ( (OTPBF) ) has released its Q4 earnings. Here is a breakdown of the information OTP Bank Nyrt presented to its investors.
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OTP Bank Nyrt is a leading financial institution in Hungary, operating primarily in the banking sector with significant international presence across Central and Eastern Europe. The bank offers a wide range of financial services including retail, corporate, and private banking.
In its latest earnings report for the full year 2024, OTP Bank Nyrt reported a consolidated profit after tax of HUF 1,076 billion, marking a 9% increase year-on-year. The bank’s return on equity (ROE) stood at 23.5%, and earnings per share (EPS) reached HUF 4,050.
Key financial highlights include a 22% increase in operating profit to HUF 1,545 billion, driven by a 22% rise in net interest income. Total income grew by 17% to HUF 2,634 billion, while operating expenses increased by 11%. The bank’s capital adequacy ratio improved to 20.3%, and the net loan-to-deposit ratio rose to 74%.
Looking ahead, OTP Bank’s management anticipates a stable operating environment in 2025, with expectations of continued loan growth and a stable net interest margin. However, the ROE is projected to be lower than in 2024 due to expected decreases in leverage.