Slides
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OTP Group 1H 2026 results Conference call – 5 August 2026 László Bencsik , Chief Financial and Strategic Officer Cotpbank
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OTP Group is among the most successful banks in Europe 2 Dominant position in CEE countries: Dominant position in 5 countries; 4.6-fold net loan growth in 10 years and 14 acquisitions completed since 2014. 41% of net loans in Eurozone countries, 76% within the EU. Outstanding profitability: After 21.6% ROE in 2025, in 1H 2026 the ROE indicator was 21.0% with the prorated recognition of special items booked in a lump sum in 1Q for the full year. Stable capital and liquidity position: CET1 17.6%, MREL 25.9%, Leverage1 10.1%, net loan to deposit 78%. Capital market funding to total assets 8% and Liquidity Coverage Ratio (LCR) 212%. Stable portfolio quality: The Stage 3 ratio moderated to 3.2% in the course of 2Q 2026. Credit risk cost rate was 76 bps in 1H 2026 versus 66 bps in 2025. Commitment to ESG 1 The leverage ratio is calculated in accordance with Article 429 of the CRR. The leverage ratio is the ratio of Tier 1 capital to total exposure (comprising on-balance-sheet assets, off-balance-sheet items, and exposures arising from derivative transactions and securities financing transactions). Strong organic loan growth: In 1H 2026 the FX-adjusted performing loan growth reached 8%, after 15% in 2025. Since 2015, 80% of the 4.6-fold net loan growth has been organic.
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3 OTP Group’s normalized semi-annual profit after tax declined by 2%, determined by the strengthening HUF, the doubling windfall tax burden (HUF +30.2 billion) and the HUF 30.4 billion negative impact of the interest rate cap booked in 2Q 1H 2025 2025 1H 2026 1H 2026 reported 23.2 21.6 21.0 17.5 4.29 4.34 4.61 0.24 0.16 0.42 0.66 0.66 0.76 38.8 41.7 41.4 42.0 Return on equity Net interest margin Cost / income ratio Risk cost rate3 Key performance indicators of OTP Group Consolidated profit development (HUF billion) 64 243 69 2Q 2025 1Q 2026 2Q 2026 293 324 256 2Q 2025 1Q 2026 2Q 2026 -13% Profit after tax – reported Organic loan growth2 1 In addition to corporate income tax, it includes the special taxes on financial institutions (excluding the Hungarian financial transaction levy), the Hungarian local (municipality) taxes and the innovation contributions, as well as the withholding tax applicable to dividends distributed by subsidiaries. 2 FX-adjusted year-to-date growth of performing (Stage 1+2) customer loans.3 Provision for impairment on loan losses / average gross loans. Taxes1 – reported Profit after tax – with prorated recognition of special items booked in 1Q in one sum for the full year w/o RUS, UKR and UZB 592 580 1H 2025 1H 2026 -2% 251 311 1H 2025 1H 2026 +24% 330 177 306 2Q 2025 1Q 2026 2Q 2026 519 483 1H 2025 1H 2026 -7% Net interest income +19% Net fees and commissions +3% Other net non-interest income -21% Total income +10% Operating expenses +17% Operating profit +5% Total risk cost -13% Profit before tax +8% / +11%* Taxes +22% Profit after tax +4% *Adjusted for the modification loss booked in 1H 2025 (HUF 4.4 billion) and 1H 2026 (HUF 30.4 billion), in relation to the interest rate cap scheme. FX-adjusted y-o-y change in semi-annual normalized P&L lines (with prorated recognition of special items, %) 7 15 8 0.21 w/o rate cap impact
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Consolidated P&L (in HUF billion, with the prorated recognition of special items booked in 1Q in one sum for the full year) 2025 1H 2025 1H 2026 Y-o-Y 1Q 2026 2Q 2026 Q-o-Q FX-adj. FX-adj. Net interest income 1,945 946 1,069 +19% 527 541 +6% Net fees and commissions 604 293 291 +3% 139 152 +12% Other net non-interest income 368 199 153 -21% 89 64 -27% Total income 2,917 1,438 1,513 +10% 756 757 +3% Personnel expenses -630 -299 -331 +16% -159 -172 +11% Depreciation -135 -64 -71 +15% -35 -37 +8% Other expenses -452 -195 -224 +20% -112 -112 +2% Operating expenses -1,217 -558 -626 +17% -306 -321 +8% Operating profit 1,700 881 887 +5% 450 437 0% Provision for impairment on loan losses -169 -82 -102 +28% -32 -71 +129% Other risk cost -29 -17 18 16 2 -86% Total risk cost -197 -99 -84 -13% -15 -68 +375% Profit before tax 1,503 781 803 +8% / +11%1 435 369 -13% Taxes 2 -356 -189 -223 +22% -110 -113 +4% Profit after tax 1,146 592 580 +4% 324 256 -19% Main consolidated performance indicators 2025 1H 2025 1H 2026 Y-o-Y 1Q 2026 2Q 2026 Q-o-Q Stage 3 ratio 3.5% 3.4% 3.2% -0.3%p 3.4% 3.2% -0.2%p CET 1 = Tier 1 ratio 18.1% 18.0% 17.6% -0.4%p 17.6% 17.6% 0.0%p MREL ratio 25.3% 26.4% 25.9% -0.5%p 25.6% 25.9% 0.3%p Leverage ratio (according to CRR: capital / total exposure) 10.8% 10.3% 10.1% -0.3%p 10.2% 10.1% -0.2%p Liquidity Coverage Ratio (LCR) 251% 230% 212% -18%p 227% 212% -14%p Net Stable Funding Ratio (NSFR) 151% 152% 151% -1%p 151% 151% 0%p The normalized semi-annual profit before tax increased by 11% y-o-y adjusted for FX and without the adverse impact of the interest rate cap scheme made indefinite 4 1 Adjusted for the modification loss booked in 1H 2025 (HUF 4.4 billion) and 1H 2026 (HUF 30.4 billion), in relation to the interest rate cap scheme. 2 Corporate income tax, banking taxes (excluding Hungarian financial transaction tax), Hungarian local business tax and innovation contribution, tax on dividend payments by subsidiaries.
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Special items booked in one sum for the whole year reached HUF 173.5 billion. Had these items been booked evenly throughout the year, the profit after tax would have been HUF 97.6 billion higher 5 1H 2026 profit after tax reported 91 OTP Hungary’s special items1 relating to 2H 2026 7 Foreign subsidiaries’ special items2 relating to 2H 2026 1H 2026 profit after tax with even recognition of special items 483 580 1 Including the Hungarian banking tax and windfall profit tax, as well as the financial transaction levy for card transactions in Hungary. The full annual gross amount of the windfall tax, before deductions, was accounted in January (HUF 162.5 billion on consolidated level). In each month, one-twelfth of the annual amount of the tax-reducing item is accounted for, the amount for 1H was HUF 23.9 billion. As a result of these two effects, HUF 138.7 billion was recorded in the books in 1H 2026, with an after tax impact of HUF 126.2 billion. 2 Including deposit insurance fees in Bulgaria and Slovenia. Special items after tax, HUF billion 2026 1H 1H 2026 DifferenceFY burden reported (a) (b)=(a)/2 (c) (c)-(b) TOTAL 151.7 75.9 173.5 97.6 OTP Hungary 138.1 69.1 159.9 90.8 OTP Core 135.2 67.6 156.9 89.3 Banking tax 30.3 15.2 30.3 15.2 Windfall tax 103.0 51.5 124.7 73.2 Card transaction levy 1.9 0.9 1.9 0.9 Merkantil 2.9 1.5 2.9 1.5 Banking tax 1.5 0.7 1.5 0.7 Windfall tax 1.4 0.7 1.4 0.7 Foreign subsidiaries 13.6 6.8 13.6 6.8 Deposit insurance fees in Bulgaria 8.7 4.4 8.7 4.4 Deposit insurance fees in Slovenia 4.9 2.5 4.9 2.5
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In July OTP Bank agreed to acquire Luminor, which could become a solid growth platform in the Baltics 6 Details of the agreement: • signed on 20 July 2026, OTP Bank is to acquire 100% of the shares in Luminor Holding, the parent company of Luminor Bank; • from a consortium of private equity funds managed by Blackstone, and DNB Bank; • completion of the transaction is subject to obtaining the necessary regulatory approvals. According to pro forma 1Q 2026 figures, as a result of the transaction, OTP Group’s • total assets would increase by 13%, gross loans by 16%, mortgage loans by 29%, leasing exposures by 30%; • exposure to the Eurozone in terms of net loans would jump from 42% to 50%. The conservative valuation principles we have adhered to over the past decade were also applied in the case of the Luminor transaction. Accordingly, the purchase price of Luminor Bank was set below its book value. We believe that this transaction represents a compelling strategic opportunity, enabling OTP to establish a presence in three eurozone markets in a single step, with all of these countries being relatively advanced in terms of both banking sector and GDP per capita. This investment could serve as a solid growth platform for OTP, and through organic growth and potential further acquisitions, it could create an opportunity for Luminor to become a meaningful challenger to the market leaders in their respective countries. Luminor's local management team is particularly strong and has achieved significant successes in recent years, especially in modernizing the bank’s IT systems, attested by the successful introduction of the new mobile banking platform. The ongoing IT infrastructure developments should enable Luminor to offer an even broader range of innovative services and may open up the opportunity to bring cost efficiency (C/I) closer to peer benchmarks.
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Luminor Bank is a leading financial institution in the Baltics, with strong market position especially in mortgage lending and leasing 7 Source: Luminor Bank AS interim report; Eesti Pank, Latvijas Banka, Lietuvos Bankas statistics. 1 Excluding Revolut Bank UAB. Loan market share of TOP players in the Baltics1 (2025) Swedbank AS SEB Pank LHV Group Bigbank Luminor Bank Coop Pank 34% 23% 14% 8% 7% 6% Estonia Swedbank Citadele banka SEB banka Luminor Bank OP Corporate Bank BluOr Bank 29% 20% 19% 13% 4% 3% Latvia Lithuania Swedbank, AB AB SEB bankas Luminor Bank AB Artea bankas 29% 21% 15% 9% Assets and loans of OTP Group and Luminor #5 #4 #3 Baltics #3 Total net loans 6 1 OTP Group + Luminor (pro forma) Luminor 1647% 140 Eurozone Total assets Gross mortgage loans Gross leasing portfolio Swedbank SEB Luminor LHV Pank Citadele 31% 21% 12% 5% 4% Mortgage: 17% 26 6 1250% 81 (2025) (bn EUR, 2026 Q1) 12% 22% 23% 14% Luminor’s weight within OTP Group (pro forma)
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8 Source: Luminor Holding AS annual reports, Luminor Bank AS interim report. Notes: 1 The table contains the financial figures of Luminor Holding AS for 2023-2025 and the figures of Luminor Bank AS for 2026 1Q. 2 Real GDP and Inflation calculated using the GDP-weighted average of the three countries. Loan penetration and growth calculated using the aggregate volumes of the three countries. 2026 figures are based on analyst consensus. 3 Unless stated otherwise, the indicators are provided as stated by the respective banks. 4 Figure calculated by OTP. 5 Calculated based on the aggregate of the three Baltics entities. While Luminor's net interest margin compares favorably with regional peers, its cost efficiency trails that of its competitors Luminor key financials1 (EUR mn) Profit 2023 2024 2025 1Q 2026 Total income 654 633 537 128 Net interest income 532 508 420 101 Net fees and commissions 85 90 85 20 Other income 37 36 32 6 Operating costs -344 -345 -345 -86 Risk costs -33 1 2 2 Bank taxes and resolution fee -34 -33 0 0 Profit before tax 243 256 194 44 Corporate tax -48 -54 -36 -9 Profit after tax 195 202 158 35 Balance sheet Total assets 15,492 15,724 15,902 16,337 Financial assets 4,561 4,777 4,030 4,418 Gross customer loans 10,625 10,641 11,597 11,635 Credit loss allowance -122 -106 -106 -108 Net loans 10,503 10,535 11,491 11,527 Customer deposits 11,277 11,352 11,510 12,003 Total equity 1,778 1,687 1,886 1,840 Performance indicators ROE 11.6% 11.7% 8.6% 7.5% Net interest margin 3.59% 3.33% 2.71% 2.60% Cost to income ratio 52.6% 54.6% 64.2% 67.2% Non-performing loans 1.9% 1.8% 2.0% 2.2% Net loan to deposit ratio 93% 93% 100% 96% Common Equity Tier 1 ratio 20.4% 20.1% 20.2% 20.4% Net Stable Funding ratio 147.1% 143.6% 134.1% 137.5% Macroeconomic overview of the Baltics region 2 Performance indicators of TOP Baltics banks3 (2025) ROE NIM C/I 15.3% 18.0% 8.6% 19.0% 14.6% 2.6%4 2.4% 2.7% 2.5% 3.4%4 Swedbank SEB5 Luminor LHV Pank Citadele 36.0% 27.8% 64.2% 42.7% 49.2% 2021 2022 2023 2024 2025 2026F Real GDP growth (annual, %) 7.0% 1.4% -0.6% 1.5% 2.1% 2.4% Inflation (avg. %) 4.2% 18.6% 8.9% 1.7% 3.8% 4.1% Loan penetration (as a % of GDP) Mortgage loans 20.1%19.2%18.5%19.0%20.1% Non-mortgage retail loans 3.2% 2.9% 2.9% 3.2% 3.5% Non-financial corporate loans 18.3%18.1%17.2%18.2%19.8% Loan growth (%, y-o-y) Mortgage loans 10.0%10.4% 5.2% 7.8% 12.0% Non-mortgage retail loans -0.2% 5.2% 9.6% 13.8%16.6% Non-financial corporate loans 9.4% 14.3% 3.6% 10.8%15.3%
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Luminor is undergoing a major IT overhaul, including the recent launch of its new pan -Baltic mobile app 9 4 6 10 15 16 19 19 21 24 LV EE LT CZ HU SI SK PL HR Branches per 100,000 adults (2024) Individuals using online banking on the market (%, 2025) Digital banking in the Baltics Luminor Bloom 69 58 18 Swedbank SEB Luminor Number of branches of the Top 3 Baltic banks Source: Swedbank Website, SEB Baltics Banks annual reports, Luminor Baltics banks websites; IMF, Eurostat. EE LT LV 87 79 86 CZ HR HU PL SI SK 85 66 69 58 66 61 Luminor recently launched Luminor Bloom, a new mobile banking app, featuring: • Fast digital onboarding • Instantly available digital card • Cashback on purchases at Rimi, one of the largest grocery stores in the Baltics
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OTP Core’s first half profit declined by 6% due to the doubling windfall tax. Revenues were supported by strong volume growth and positive revaluation effects (MOL swap, subsidized loans and swaps: +HUF 19 billion) 10 OTP CORE Main one-off items at OTP Core before tax, HUF billion 2020 2021 2022 2023 2024 2025 1H 2026 2026E TOTAL 110 106 229 195 172 259 288 360 Banking tax 19 21 22 28 31 33 35 35 Windfall tax 0 0 75 41 7 54 139 1151 Transaction tax 62 69 90 98 123 164 84 180 Rate cap 0 0 40 28 10 9 30 30 Moratorium 29 17 3 - - - - - Return on equity NIM Cost / income ratio Credit risk cost rate Special levies imposed by the State on Hungarian Group members Key performance indicators of OTP Core (adjusted, with prorated recognition of special items, %) OTP Core profit after tax (without dividends received from subsidiaries, HUF billion) With prorated recognition of special items booked in 1Q in one sum for the full year Reported 1 Taking into account the expected reduction of the windfall tax burden in conjunction with the increase in the stock of government securities. 75 120 40 2Q 2025 1Q 2026 2Q 2026 139 159 1H 2025 1H 2026 +15% 107 -14 84 2Q 2025 1Q 2026 2Q 2026 75 70 1H 2025 1H 2026 -6% From the HUF 80 billion q-o-q decline in profit after tax: - 26 modification loss due to the changes in the interest rate cap regulation; - 40 FVA of retail subsidized loans and certain interest rate hedging swaps; - 17 revaluation of investments in subsidiaries (eliminated on Group level). 1H 2025 2025 1H 2026 9.3 8.5 9.8 1H 2025 2025 1H 2026 3.05 3.15 3.36 1H 2025 2025 1H 2026 0.39 0.09 0.55 49 53 46 1H 2025 2025 1H 2026 -0.01 w/o rate cap impact
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OTP CORE 11 The Home Start Program gave a significant boost to demand for housing loans and became a key driver of retail lending growth. The mortgage loan portfolio expanded by 17% over the first six months Quarterly housing loan applications at OTP Bank (HUF billion) Growth of performing (Stage 1+2) mortgage loans at OTP (%) 12 3 4 13 21 17 2021 2022 2023 2024 2025 1H 26 38 37 26 54 39 36 37 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 98 3Q 25 274 4Q 25 215 1Q 26 19 217 2Q 26 98 122 100 111 159 88 68 38 27 44 1Q 21 100 86 121 94 110 53 122 190 351 277 273 115 9 7 9 8 15 Jul 15 Aug 15 14 98 Sep 14 14 107 Oct 14 12 90 Nov 11 11 77 Dec 10 59 Jan 13 75 Feb 14 10 80 Mar 13 11 82 Apr 11 70 Maj 12 65 Jun 24 24 127 136 116 99 39 97 103 106 81 86 76 Monthly dynamics of submitted applications (HUF billion) Average contracted loan amount: HUF 34 million Number of clients: ~21,150 Average contracted tenor: 23.5 years Non-subsidized housing loans Other subsidized housing loans Home Start Loan Program Home Start Program – key stats for new contractsOTP’s market share in contracted mortgage loan amounts (%) 2021 2022 2023 2024 2025 1H 26 31.5 32.3 31.8 31.1 33.5 38.4 YTD
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OTP CORE 12 OTP retained its leading position in the household segment, while its market share in newly contracted cash loans, baby loans and workers’ loans remained above 40% Market share in baby loan contractual amounts (%) Market share in newly contracted cash loan volumes (%) Market share in retail deposits (%) Market share in retail savings (%) Y-o-y change in cash loan contractual amounts in 2Q 2026 Growth in cash loan contractual amounts +51% 19 2H 2020 2021 2022 2023 2024 2025 1H 26 44.3 41.6 42.1 40.6 39.0 39.3 40.2 41.3 2016 2017 2018 2019 2020 2021 2022 2023 20242015 1H 26 35.4 36.0 37.9 38.3 38.9 2025 38.4 38.0 42.7 45.0 44.6 43.1 34.8 … 2020 2021 2022 2023 20242011 1H 26 27.7 39.4 39.6 2025 41.3 41.5 41.2 40.441.2 2011 … 2020 2021 2022 2024 2025 May 2026 27.0 28.532.2 2023 28.434.4 29.231.5 28.6 Contractual amounts under the Workers’ Loan Program (HUF billion) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 29.7 20.8 13.9 10.6 10.6 12.8 Average ticket size: HUF 3.9 million Number of clients: ~25,400 OTP market share 50% 44% 40% 40% 41% 45%
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OTP CORE 13 Following dynamic growth in 2025, the Hungarian corporate loan portfolio continued its expansion in the first half of 2026, while the Bank’s corporate lending market share increased once again to all -time high 1 Without the effect of a large Slovenian corporate loan repayment. 2 Aggregated market share of OTP Bank, OTP Mortgage Bank, OTP Building Society and Merkantil, based on central bank data (Supervisory Balance Sheet data provision until 2016 and Monetary Statistics from 2017). 3 Source: KAVOSZ, OTP. The Széchenyi Card MAX+ Program offers preferential rate loans to customers from 23 December 2022. 42%OTP market share: 2008 … 2013 … 2018 2019 2020 2021 2022 2023 2024 2025 1H 26 7.5 12.4 14.6 15.7 16.6 18.6 20.0 19.3 19.5 21.0 22.0 14 11 13 23 14 55 26 13 -1 1 13 14 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H 26 -6 12 20 29 19 7 19 32 -3 17 6 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H 26 386 1H 2026 0 / 51 Performing corporate loan volume changes (%) (DPD0-90 loan changes until 2018, Stage 1+2 from 2019, FX-adjusted) OTP Group’s market share in loans to Hungarian companies2 (%) Performing loan volume changes in the micro and small companies' segment (%) (DPD0-90 loan changes until 2018, Stage 1+2 from 2019, FX-adjusted) Contracted loan amount under the Széchenyi Card MAX+ scheme3 (HUF billion) YTD YTD
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Foreign subsidiaries once again delivered strong performance in 1H 2026 14 1 With prorated recognition of special items booked in 1Q in one sum for the full year. Profit after tax (HUF million) ROE Cost / income ratio 1H 2025 1H 2026 1H 2025 2025 1H 2026 1H 2025 2025 1H 2026 DSK Group (Bulgaria) OTP Bank Slovenia OTP Bank Croatia OTP Bank Serbia Ipoteka Bank (Uzbekistan) OTP Bank Ukraine CKB Group (Montenegro) OTP Bank Albania OTP Bank Moldova OTP Bank Russia 25 32 35 17 9 8 4 106 108 49 27 39 25 30 11 10 4 109 1101 60 20% 13% 11% 15% 28% 17% 13% 15% 13% 42% 20% 15% 12% 18% 23% 29% 18% 16% 13% 55% 34%/30% 44%/42% 51% 39% 46% 32% 41% 44% 57% 22% 35%/32%1 45%/43%1 56% 45% 44% 33% 47% 50% 59% 31% 20% 14% 12% 18% 22% 26% 17% 15% 15% 49% 34% 43% 52% 40% 45% 32% 43% 46% 56% 24% 1 1 With the prorated recognition of deposit insurance fees 1 11
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15 Drivers behind the q-o-q change of the consolidated quarterly net interest margin Sensitivity to rate changes EUR rate sensitivity: As at the end of 2Q 2026, the sensitivity of the Group’s EUR net interest income to a 100 bps change in EUR rates stood at around EUR 120 million on an annual basis, and it is basically symmetric with respect to both upward and downward rate movements. HUF rate sensitivity: As at the end of 2Q 2026, the sensitivity of HUF net interest income to a 100 bps decline in HUF rates amounted to -HUF 23 billion on an annual basis. The consolidated 2Q margin went up by 3 bps q-o-q and by 31 bps y-o-y. The NII sensitivity to a 100 bps change in EUR rates is around EUR 120 million, while the HUF rate sensitivity slightly moderated to HUF 23 billion 2Q 2025 12 bps OTP Core (Hungary) 4 bps 8 bps Other effects 2Q 2026 7 bps OTP Bank Slovenia 1 bps Ipoteka (Uzbekistan) 4.31% 4.62% OTP Bank Russia +31 bps 1Q 2026 -2 bps OTP Core (Hungary) 1 bps Ipoteka (Uzbekistan) 4 bps Others effects 2Q 2026 4.59% 4.62%+3 bps Drivers behind the y-o-y change of the consolidated quarterly net interest margin Mainly composition effect, to a great extent driven by the declining share of lower margin Serbian, Croatian and Slovenian subsidiaries’ total assets within the Group
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Consumer Mortgage Corporate1 Total YTD performing (Stage 1+2) LOAN volume changes, adjusted for FX effect YTD nominal change (HUF billion) Consolidated performing loans increased by 8% in 1H 2026, driven largely by the double -digit expansion of mortgage loans in Hungary and Bulgaria, while corporate loans also posted strong growth in Hungary, Bulgaria, Slovenia and Ukraine 16 Leasing 8% 10% 11% 7% 7% 5% 3% 18% 8% 8% 9% 8% 7% 5% 7% 3% 5% 11% 8% 29% 7% 16% 4% 8% 12% 17% 14% 4% 8% 7% 2% 8% 13% 9% 7% 8% 10% 11% 5% 2% -3% 15% 9% 5% 11% -38% 9% 6% 7% 9% 16% 6% 20% 37% -1% 5% 2,068 763 505 196 176 123 24 70 45 36 17 117 Core2 (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.) 1 Loans to MSE and corporate clients. 2 In the Leasing row the leasing volume change applies to Merkantil Group (Hungarian leasing).
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Consolidated deposits increased by 6% during the first half of the year, driven by strong growth in Hungary and Bulgaria 17 Corporate1 Retail Total YTD DEPOSIT volume changes, adjusted for FX-effect YTD nominal change (HUF billion) 6% 10% 4% 2% 1% 0% 1% 0% 0% 5% 2% 11% 5% 8% 4% 4% 1% 1% -10% 5% 2% 2% 4% 16% 6% 12% 4% -2% 0% -1% 7% -3% -1% 18% 0% 9% 1,798 1,132 235 103 15 8 6 -1 3 30 6 295 Core (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.) 1 Including MSE and corporate deposits.
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Consumer Mortgage Corporate1 Total Q-o-Q performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Q-o-Q nominal change (HUF billion) Consolidated performing loans expanded by 5% q -o-q. All segments posted decent growth rates over the second quarter. Mortgage loan volumes grew the fastest in Bulgaria, Hungary and Albania 18 Leasing 5% 5% 5% 3% 5% 5% 2% 9% 3% 6% 5% 4% 4% 4% 4% 1% 2% 5% 4% 16% 4% 12% 3% 4% 6% 6% 7% 3% 5% 5% 2% 3% 7% 4% 4% 5% 4% 5% 5% 5% 1% 7% 1% 4% 6% -8% 6% 4% 4% 5% 13% 5% 9% 32% 1% 1% 1,220 412 273 93 123 115 20 37 16 27 10 72 Core2 (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.) 1 Loans to MSE and corporate clients. 2 In the Leasing row the leasing volume change applies to Merkantil Group (Hungarian leasing).
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Consolidated customer deposits grew by 2% q -o-q 19 Corporate1 Retail Total Q-o-Q DEPOSIT volume changes, adjusted for FX-effect Q-o-Q nominal change (HUF billion) 2% 2% 1% 2% 2% 0% 1% 6% 6% 4% 4% 7% 2% 0% 1% 3% 2% 4% 3% -2% 3% 1% 2% 15% 3% 5% 0% -2% 1% -3% 0% 9% 10% 17% 6% 4% 774 295 74 77 39 10 4 40 32 26 10 195 Core (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.) 1 Including MSE and corporate deposits.
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Portfolio quality remained stable, with the Stage 3 ratio improving to 3.2% 20 Development of the Group's main credit quality indicators (%) Stage 1 ratio Own coverage of Stage 1+2 loans compared to regional peers at the end of 2Q 2026 (%) Own coverage of Stage 3 loans compared to regional peers at the end of 2Q 2026 (%) Stage 2 ratio Stage 3 ratio 4.9 4.1 3.3 2.9 2.7 2.4 5.3 4.9 4.3 3.6 3.5 3.2 13.2 11.6 13.0 13.0 10.0 9.0 82 83 83 83 87 88 1.7 1.2 0.7 0.4 0.31 0.7 0.4 62.3 57.5 43.4 49.7 48.81 45.9 50.1 Group w/o Russia, Ukraine and Uzbekistan Group w/o Russia, Ukraine and Uzbekistan Group w/o Russia, Ukraine and Uzbekistan Source: company reports (estimates in some cases). 1 1Q 2026 data. 2021 2022 2023 2024 2025 2Q 26
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OTP Group maintained its strong capital position 21 Decomposition of the change in the CET1 ratio (based on the prudential scope of consolidation, % / changes in percentage points) -0.3Special items’ accounting effect -0.5Dividend deduction -0.9Organic (RWA) growth -0.3 18.1 17.6 1.9 0.1 Regulatory changes -0.5Treasury shares Other effects 2025 Normalized profit 2Q 2026 Impact of eligible profit with prorated recognition of special items booked in 1Q in one sum for the full year 1 . The OTP Group applies the Multiple Point of Entry (“MPE”) resolution strategy with two resolution groups: • “OTP Bank Resolution Group” includes the Issuer as resolution entity and the entities in the prudential scope of consolidation excluding the Slovenian OTP Banka d.d. and its subsidiaries; • Slovenian OTP Banka d.d. as a resolution entity and its subsidiaries. Based on the group-level Supervisory Review and Evaluation Process (SREP) conducted in 2025, the SREP ratio for 2026 has not changed compared to 2025 and remains at 122.4%. Resolution strategy and Pillar 2 requirement 1 Indicators are based on the prudential scope of consolidation. MREL and subordinated MREL ratios are calculated for the OTP Bank Resolution Group. In the absence of AT1, the Tier 1 ratio equals the CET1 ratio. 2 Excluding P2G (1% from 2025, set by the NBH). P2G is to be met with CET1 and does not affect MREL. 3 MREL requirement (18.23% of OTP Bank Resolution Group RWA, effective from 27 March 2026) plus 5.64% CBR. 4 Minimum subordination requirement (13.5% of OTP Bank Resolution Group RWA) plus CBR. Abbreviations: Pillar 2 Guidance: P2G; NBH: National Bank of Hungary; CBR: Combined Buffer Requirement 1 The dividend actually deducted in 1H (HUF 137.2 billion) is shown on separate line („Dividend deduction”); however, the impact of the additional dividend deduction attributable to the difference between the prorated and the reported profit was allocated to this line. 16.6 2023 18.9 2024 18.1 2025 17.6 2Q 2026 25.1 30.1 25.3 25.9 2Q 26 actual 2Q 26 requirement2 25.9 23.93 21.5 19.14 20.3 15.4 17.6 13.0 17.6 11.1 MREL ratio Subordinated MREL ratio CAR Tier 1 ratio CET1 ratio Capital adequacy and MREL ratios (%)1 Impact of special items relating to the second half of the year.18.9 20.3 22.8 19.7 20.8 21.5 20.3 Pursuant to the single permission issued by the National Bank of Hungary (NBH) on 14 April 2026, OTP Bank was authorized to repurchase own shares in the total amount of HUF 60 billion for the purpose of optimizing its capital structure; this repurchase limit was fully utilized on 23 July 2026. In addition, following the expiry of an earlier HUF 20 billion authorization, the NBH granted a general authorization on 26 June 2026 for the repurchase of own shares up to HUF 55 billion. In line with the terms of these approvals, the full amounts authorized by the NBH were immediately deducted from regulatory capital. Determined in accordance with the Commission Regulation (EU) No. 241/2014. Article 2. (7). Therefore, this amount should not be considered as a management proposal regarding the dividend payment to be paid after the 2026 financial year.
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22 OTP Group has strong capital position relative to relevant regional peers Peer comparison of capital adequacy and leverage ratios (2Q 2026, %) Source: company reports. Fully loaded: OTP, KBC; Phased-in ratios: Erste, RBI, Intesa, UniCredit. 1 1Q 2026 data. 2 Assuming P/B zero deconsolidation scenario in Russia. 10.1 5.6 6.6 8.8 5.8 5.1 17.72 17.6 16.2 17.2 15.9 15.9 20.32 20.3 18.5 20.0 19.0 18.5 15.52 17.6 14.4 15.2 13.1 14.3 CET1 ratio Tier 1 ratio CAR ratio Leverage ratio 1
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Record EUR 1 billion Tier 2 issuance further strengthened OTP Group’s funding position 23 OTP Core – outstanding FX wholesale bonds Issue Date Instrument Call Date Maturity Date Coupon Issuance Currency Issued Amt. (in mn) 24/06/2026 Tier 2 24/06-24/12/2031 24/12/2036 4.625% EUR 1,000 03/06/2026 Covered - 31/08/2033 3.444% EUR 500 12/02/2026 Covered - 31/05/2032 3.161% EUR 500 03/02/2026 SP 03/02/2031 03/02/2032 3.625% EUR 500 01/10/2025 Covered - 31/03/2031 3.137% EUR 500 30/06/2025 SP 30/06/2027 30/06/2028 3.500% CNY 900 20/06/2025 Covered - 20/06/2030 3.002% EUR 500 30/01/2025 Tier 2 30/01-30/07/2030 30/07/2035 7.300% USD 750 16/10/2024 SP 16/10/2029 16/10/2030 4.250% EUR 500 12/06/2024 SP 12/06/2027 12/06/2028 4.750% EUR 700 31/01/2024 SP 31/01/2028 31/01/2029 5.000% EUR 600 20/12/2023 Covered - 07/03/2029 3.603% EUR 500 05/10/2023 SP 05/10/2026 05/10/2027 6.125% EUR 650 15/02/2023 Tier 2 15/02-15/05/2028 15/05/2033 8.750% USD 650 31/07/2024 SP 31/07/2026 Called in Jul ’26 4.100% CNY 300 1 Based on latest available company reports: Erste, KBC and Raiffeisen publish gross loan/deposit ratios only. In case of KBC 1Q 2026 data. 2 Based on 2Q 2026 data, excluding CNY 300mn Senior Preferred bonds, which were called on 31 July 2026. 650 816 600 500 500 570 658 2026 2027 2028 2029 2030 2032 2033 2035 2036 0 1,000 Senior Preferred Tier 2 650 816 500 658 2026 2027 600 570 2028 2029 2030 500 1,000 2031 2033 2035 2036 1,170 1,500 0 0 0 Senior Preferred Tier 2 OTP Bank FX MREL-eligible bond maturity profile2 (EUR million equivalent) OTP Bank FX MREL-eligible bond call date profile2 (EUR million equivalent) Total wholesale debt to total assets25% 8% 129 90 75 74 73 74 77 78 2008 … 2013 … 2021 2022 2023 2024 2025 2Q 2026 Consolidated net loan / deposit ratio (%)2 Major ratios suggest strong liquidity position1 2Q 2026 Net Loan / Deposit Ratio (%) 78 87 87 83 71 88 Leverage Ratio (%) 10.1 5.6 6.6 8.8 5.8 5.1 Liquidity Coverage Ratio (LCR, %) 212 159 179 136 138 140 Net Stable Funding Ratio (NSFR, %) 151 135 139 155 120 124 Total in EUR: 5,295 mn
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24 1 Long-term Counterparty Risk Rating for Moody’s and long-term Resolution Counterparty Rating for S&P Global. 2 Not every covered bond has been assigned a Moody’s rating. Moody’s Ratings S&P Global Ratings Fitch Ratings Scope Lianhe 31 Dec 2024 31 Jul 2026 31 Dec 2024 31 Jul 2026 31 Dec 2024 31 Jul 2026 31 Jul 2026 31 Jul 2026 OTP Bank Issuer Rating BBB- (0) BBB (-) BBB+ (0) AAA (0) /China Scale/ Counterparty Rating1 Baa1 A3 BBB BBB+ Deposits Baa1 (+) Baa1 (+) Senior Preferred Bonds Baa3 (-) Baa3 (+) BBB- BBB BBB+ Non-preferred Senior Bonds BBB Tier2 Bonds (with maturity) Ba2 Ba1 BB BB+ OTP Mortgage Bank Issuer Rating Baa3 (-) Baa3 (+) BBB- (0) BBB (-) Counterparty Rating1 Baa1 A3 BBB BBB+ Covered Bonds2 A1 OTP Bank Slovenia Counterparty Rating1 A3 A2 Deposits A3 (+) A2 (+) Senior Preferred Bonds Baa2 (+) Baa1 (+) Ipoteka Bank Issuer Rating BB- (0) BB (0) BB- (0) BB (0) Senior Unsecured Bonds BB BB- BB Hungary Rating Baa2 (-) BBB- (0) BBB- (-) BBB (0) BBB (-) BBB (0) AAA (0) /China Scale/ OTP Group’s entities have benefited from multiple credit rating upgrades since the end of 2024 Long-term credit ratings of OTP Group member banks and their changes since 2024 (rating outlook) (+) positive (0) stable (-) negative One notch higher than the respective Hungarian sovereign rating
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OTP Group has advanced into the TOP 400 companies in the Forbes Global 2000 25 Forbes Global 2000 Ranking Methodology 2026 Ranking (2022 Ranking) Revenue Profit Assets Market value 64 (130) 244 83 40 185 97 (299) 450 64 47 167 109 (225) 123 189 26 430 223 (307) 463 294 106 456 240 (507) 532 289 93 536 398 (1,077) 994 360 313 659 470 (939) 1,224 417 281 695 624 (797) 884 964 194 1,240 864 (1,679) 1,963 665 461 1,286 The OTP Group has advanced 679 positions in the Forbes Global 2000 ranking over the past four years, moving from 1,077th to 398th place; is the highest-ranked Hungarian company in the ranking; has risen to 659th place by market value, making it one of the most valuable and profitable banking groups in the Central and Eastern European region. Source: Forbes Global 2000 (https://www.forbes.com/lists/global2000)
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Ranking metrics Current rank Previous rank Current vs. previous Company name Headquarters Total assets (EUR bn) ROAE (%) Net interest margin (%) Non- interest income/ avg. assets (%) Cost-to- income (%) Problem loan ratio (%) NSFR (%) CET1 ratio (%) 1 1 NC Banca Mediolanum SpA Italy 89.94 28.74 1.04 1.75 43.12 0.81 ● 179.27 23.04 2 2 NC OTP Bank Plc. Hungary 118.26 21.56 4.55 2.45 47.53 3.29 ● 151.52 18.08 3 3 NC PKO Bank Polski SA Poland 138.19 19.60 4.57 1.16 35.66 3.47 ● 158.71 15.57 4 4 NC Bank Polska Kasa Opieki SA Poland 83.48 21.27 4.14 1.10 40.04 4.28 ● 169.20 15.04 … 17 25 ▲ Erste Group Bank AG Austria 368.57 13.13 2.23 1.01 48.80 2.51 ● 142.20 19.34 … 21 18 ▼ UniCredit SpA Italy 870.24 16.33 1.76 1.38 46.65 2.32 ● 125.00 14.75 … 24 32 ▲ Intesa Sanpaolo SpA Italy 959.89 14.05 1.97 1.17 47.04 1.55 ● 122.00 13.17 … 29 28 ▼ KBC Group NV Belgium 397.37 13.65 1.62 0.92 48.92 1.74 ● 137.54 14.52 30 41 ▲ Raiffeisen Bank International AG Austria 210.26 7.50 2.94 1.24 52.23 3.14 ● 141.89 17.93 … 49 50 ▲ Société Générale SA France 1,546.64 8.89 0.71 1.10 63.03 3.05 ● 116.33 13.51 Average of the 50 banks 13.04 1.89 0.98 49.72 1.88 135.12 15.42 ● Nonperforming loans/net customer loans ● Impaired loans/net customer loans OTP Bank retained its position as the second-best performing bank among the 50 largest publicly listed European banks in S&P Global Market Intelligence’s 2026 ranking 26 Based on 2025 data. Source: S&P Capital IQ (https://www.capitaliq.spglobal.com).
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27 Out of 64 European banks, OTP Bank achieved the 13 th place on the 2025 EBA stress test basis points OTP Bank once again ranked in the top third in the European Banking Authority’s comprehensive stress test Source: EBA. Three-year change in the fully loaded group-level CET1 ratio under the stress scenario: -1.400 -1.200 -1.000 -800 -600 -400 -200 0 200 CET1 ratio at the end of 2027 Ranking Reduction in CET1 ratio Ranking 11.8% 37. -0.62%p 9. 13. 13. 15.2% 15. -1.61%p 16. 11.7% 39. -2.15%p 26. 11.8% 36. -2.73%p 34. 12.3% 31. -3.50%p 40. OTP Bank achieved second place among its direct competitors Fully loaded group-level CET1 ratios and their decline over the three-year period between 2024 and 2027 under the stress scenario: 16.3% -1.24%p No. 13
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1 According to OTP Group’s internal definition for green exposures. Green exposures recorded another period of dynamic growth in 1H 2026 OTP Bank’s main ESG ratings ESG risk rating ESG rating 17.1 A SEVERE HIGH MEDIUM LOW NEGLIGIBLE Nov 2025 upgrade Green loan stock1 (consolidated, HUF billion) 267 656 2022 2023 2024 2025 1H 2026 2028 plan 1,027 1,697 1,915 2,123+13% CCC BB BBB A AAAAAB 28
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The tourism-driven Southeastern European economies, which have outperformed so far, may slow down in 2026, while the industrial economies of Central and Eastern Europe, which have underperformed, could gain momentum 29 Source: OTP Research Department. 1 Base rates, except for: Hungary: 3M BUBOR; Croatia and Slovenia: ECB deposit facility rate; Bulgaria: Leonia Plus interbank rate; Albania: 3M Tribor; Moldova: 91 days T-bill. Bulgaria Moldova Croatia Serbia Hungary Uzbekistan Slovenia Albania Montenegro Russia Ukraine 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F GDP growth (annual, %) -0.8 0.7 0.5 1.8 1.7 3.4 3.1 2.4 2.4 1.7 1.1 2.0 3.8 3.8 3.4 2.1 Unemployment (%) 4.1 4.5 4.4 4.4 4.3 4.1 3.5 3.8 3.7 3.7 3.9 3.9 6.2 5.1 4.9 4.9 Budget balance (as a % of GDP) -7.0 -5.1 -4.7 -6.9 -2.0 -3.0 -3.5 -6.0 -2.6 -0.9 -2.5 -3.6 -1.4 -2.7 -3.3 -3.4 Inflation (avg. %) 17.6 3.7 4.4 2.0 9.6 2.4 4.6 4.8 7.2 2.0 2.5 2.9 8.1 3.0 3.7 4.5 Reference rate1 (eop., %) 10.3 6.5 6.5 5.0 4.0 3.0 1.8 2.8 4.0 3.0 2.0 2.8 4.0 3.0 2.0 2.8 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F GDP growth (annual, %) 3.7 3.9 2.0 2.8 6.3 6.7 7.7 7.2 5.3 2.9 1.8 1.3 6.5 3.2 2.7 2.6 Unemployment (%) 9.5 8.6 8.7 8.5 7.7 6.1 5.0 4.7 18.2 13.1 11.3 10.5 13.9 12.3 11.5 10.6 Budget balance (as a % of GDP) -2.1 -2.0 -2.4 -3.4 -3.8 -2.2 -1.7 -2.0 -20.0 -18.0 -18.3 -13.7 0.1 -3.0 -3.9 -3.8 Inflation (avg. %) 12.4 4.7 3.8 4.0 10.0 9.6 8.8 5.9 12.9 6.5 12.7 9.0 8.6 3.3 3.9 3.1 Reference rate1 (eop., %) 6.5 5.8 5.8 5.8 14.0 13.5 14.0 13.3 15.0 13.5 15.5 16.0 - - - - 2023 2024 2025 2026F 2023 2024 2025 2026F 2023 2024 2025 2026F GDP growth (annual, %) 4.0 4.0 3.7 3.4 1.2 0.3 2.4 -0.6 4.1 4.9 1.0 0.7 Unemployment (%) 10.1 9.4 9.3 8.6 4.6 4.0 3.8 4.1 3.2 2.5 2.2 2.3 Budget balance (as a % of GDP) -1.4 -0.7 -1.7 -2.3 -5.1 -4.0 -3.9 -5.4 -1.9 -1.7 -2.6 -3.0 Inflation (avg. %) 4.8 2.2 2.2 3.0 13.4 4.7 7.8 6.7 6.0 8.4 8.7 6.0 Reference rate1 (eop., %) 3.3 2.8 2.5 2.8 4.8 3.6 5.0 7.0 16.0 21.0 16.0 12.8
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30 In light of the first-half 2026 performance and underlying trends, management revised one element of its guidance for 2026: in 1H 2026 the consolidated net interest margin reached 4.61%, which is higher than the 4.34% recorded in full-year 2025; considering the expected margin dynamics in the second half of the year, management now expects the full-year margin to be higher than the 4.34% achieved in 2025. Therefore, the management’s amended expectations for 2026 are as follows: o FX-adjusted organic performing loan volume growth may be around 15% achieved in 2025. o The net interest margin may exceed 4.34% reached in 2025. o The cost to income ratio may be somewhat higher than the 41.7% reported in 2025. o Credit risk profile and the risk cost rate may be similar to 2025. o ROE may be lower than in 2025 (21.6%) due to the expected decrease in leverage. As for Debt and Capital Markets activity, the Group may continue issuing benchmark-sized MREL-eligible bonds, as well as covered bonds through OTP Mortgage Bank. In light of semi-annual results, management amended its guidance for the Group’s 2026 performance
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31 Cross sections and detailed financials
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Semi-annual net interest income advanced by 19% on an FX -adjusted basis 32 NET INTEREST INCOME 1H 2026 HUF billion 2Q 2026 HUF billion 1H 2026 Y-o-Y 2Q 2026 Q-o-Q HUF billion %, FX-adjusted HUF billion %, FX-adjusted At OTP Core, 1H net interest income increased by 22% y-o-y supported by both margin improvement and expanding total assets. In the second quarter, NII went up by 6% q-o-q on the back of volume expansion, despite a slight erosion in the net interest margin. 1 122 70 14 -4 -7 11 -2 -2 44 -2 -1 1 0 -1 14 12 -1 -1 -1 1 -1 6 0 0 0 0 0 0 Amongst EUR-linked countries, in Slovenia and Croatia the mid-single digit growth in semi-annual NII in EUR terms was driven by expanding volumes, beside largely stable margins. In Bulgaria, the strong y-o-y print was explained to a great extent by the lower mandatory reserve requirement after joining the Eurozone, while continued retail deposit inflows also played a positive role. On quarterly basis, NII growth in EUR countries was typically driven by further expansion in volumes. 2 In Uzbekistan, net interest income rose by 35% y-o-y (FX-adjusted), driven by the expanding loan portfolio and the 131 bps improvement in margin. 4 OTP Group 19% 6% OTP CORE (Hungary) 22% 6% DSK Group (Bulgaria) 20% 6% OBS (Slovenia) 4% 3% OBH (Croatia) 5% 4% OBSrb (Serbia) -4% 3% Ipoteka Bank (Uzbekistan) 35% 7% OBU (Ukraine) 17% 3% CKB Group (Montenegro) 5% 2% OBA (Albania) -5% 1% OBM (Moldova) 21% 5% OBRu (Russia) 34% 8% Merkantil (Hungary) 2% 7% Others 1,069 383 150 87 52 53 59 46 17 15 9 183 13 2 541 197 75 43 25 26 30 23 9 8 5 95 7 1 1 4 2 In Serbia, semi-annual NII moderated by 4% in LCY terms because of margin erosion, whereas average total assets expanded by 3%. 3 3
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The consolidated net interest margin improved further in 2Q. While margins in each segments typically stayed flat or moderated slightly, the composition effect, i.e. the declining share of lower margin businesses offset that 33 NET INTEREST MARGIN 2Q 2025 1Q 2026 2Q 2026 1 FX-adjusted changes. At OTP Core, NIM improved by 25 bps y-o-y, driven by continued retail deposit growth, the increasing share of higher- margin loans and the reinvestment of maturing lower-yielding Hungarian government bonds. On a quarterly basis, the 3 bps margin erosion was caused by the 6% q-o-q increase in average total assets, to a great extent due to lower margin items such as intragroup deposits placements and corporate deposit inflows. 1 As for the Eurozone countries, margins have remained broadly stable since 2Q 2025. In Bulgaria, following the accession to the euro area, the mandatory reserve ratio declined from 12% to 1%, releasing almost EUR 2 billion of previously non-interest-bearing liquidity at DSK Bank, supporting margins. 2 4.31% 3.09% 3.51% 2.97% 2.82% 3.43% 6.96% 8.65% 4.44% 4.35% 4.22% 9.49% 4.62% 3.34% 3.48% 3.01% 2.77% 3.17% 8.13% 8.57% 4.10% 3.68% 5.01% 10.47% 4.59% 3.37% 3.54% 3.03% 2.76% 3.21% 8.08% 8.63% 4.24% 3.87% 5.00% 10.54% 2 3 4 1 OTP Group OTP CORE (Hungary) DSK Group (Bulgaria) OBS (Slovenia) OBH (Croatia) OBSrb (Serbia) Ipoteka Bank (Uzbekistan) OBU (Ukraine) CKB Group (Montenegro) OBA (Albania) OBM (Moldova) OBRu (Russia) In Serbia, margins narrowed both q-o-q and y-o-y, reflecting declining EUR rates in 1H 2025 and the impact of regulatory interest rate caps on certain retail loans. 3 In Uzbekistan the expansion in consumer loans and the declining deposit rates resulted in a trend-like improvement in the margin over the past several quarters. 4
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Consumer Mortgage Corporate1 Total Y-o-Y performing (Stage 1+2) LOAN volume changes, adjusted for FX effect Y-o-Y nominal change (HUF billion) Consolidated performing loans grew by 17% y-o-y. Hungary, Bulgaria and Ukraine achieved the highest growth rates 34 1 Loans to MSE and corporate clients. 2 In the Leasing row the leasing volume change applies to Merkantil Group (Hungarian leasing). Leasing 17% 23% 23% 10% 7% 13% 7% 35% 17% 13% 22% 21% 15% 11% 13% 8% 10% 23% 23% 68% 17% 29% 18% 22% 24% 34% 35% 5% 13% 13% 13% 16% 20% 23% 14% 22% 22% 14% 2% 10% -24% 35% 16% 7% 24% -55% 12% 12% 13% 12% 9% 7% 21% 40% -3% 14% 3,917 1,573 998 264 187 284 54 117 84 54 36 296 Core2 (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.)
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Consolidated deposit portfolio grew by 12% y-o-y, mainly driven by Hungary and Bulgaria 35 1 Including MSE and corporate deposits. Corporate1 Retail Total Y-o-Y DEPOSIT volume changes, adjusted for FX-effect Y-o-Y nominal change (HUF billion) 12% 10% 20% 5% 7% 1% 15% 12% 7% 12% 4% 28% 14% 12% 21% 6% 8% 9% 8% 6% 11% 8% 8% 62% 9% 8% 15% 3% 6% -7% 18% 15% 2% 29% 0% 18% 3,503 1,144 1,084 225 177 14 59 78 35 66 11 631 Core (Hungary) Cons. OBSrb (Serbia) DSK (Bulgaria) OBH (Croatia) CKB (Monten.) OBA (Albania) OBM (Moldova) OBS (Slovenia) OBRu (Russia) OBU (Ukraine) Ipoteka (Uzbek.)
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Semi-annual net fee income increased 3% on an FX -adjusted basis 36 At OTP Core, the modest 2% y-o-y increase in half-year normalized net fees and commissions stemmed from several negative factors: the increase in the monthly limit of free cash withdrawals for retail customers effective from February 2026, the fee freeze for retail loans introduced in April 2025 and effective until mid-2026, as well as higher agent commission expenses (+HUF 6.7 billion y-o-y) related to the sales of subsidized loans, primarily Home Start housing loans. These negative effects were only partly offset by the increase in distribution fees charged to OTP Fund Management, which is eliminated at Group level. In 2Q, the 16% q-o-q increase in net fees and commissions was primarily driven by seasonality and a negative HUF 2 billion one-off weighing on 1Q numbers (lump-sum recognition in 1Q of the expected full annual amount of card-related financial transaction levy). From 1 July 2026, following the expiry of the fee freeze, the Bank implemented fee increases. 1 -1 3 1 1 -1 2 2 -8 -1 0 0 0 0 0 15 9 2 1 1 2 0 0 0 0 0 0 0 0 1 OTP Group 3% 12% OTP CORE (Hungary) 2% 12% DSK Group (Bulgaria) 11% 14% OBS (Slovenia) 11% 3% OBH (Croatia) 5% 20% OBSrb (Serbia) 27% 23% Ipoteka Bank (Uzbekistan) 55% 7% OBU (Ukraine) 29% 3% CKB Group (Montenegro) 1% 10% OBA (Albania) -17% 12% OBM (Moldova) -28% 33% OBRu (Russia) -17% 16% Fund Mgmt. (Hungary) -5% -1% Others 290 118 47 27 14 13 8 4 5 2 1 32 15 5 152 63 24 13 8 7 4 2 2 1 0 17 7 2 2 NET FEE INCOME 1H 2026 HUF billion 2Q 2026 HUF billion 1H 2026 Y-o-Y 2Q 2026 Q-o-Q HUF billion %, FX-adj., normalized1 HUF billion %, FX-adj., normalized1 1 With prorated recognition of special items booked in 1Q in one sum for the full year. In Russia, net fees and commissions declined by 19% y-o-y in the first half of the year, primarily due to lower transactional activity by corporate clients. 2
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OTP Group 153 64 OTP CORE (Hungary) 61 22 DSK Group (Bulgaria) 11 7 OBS (Slovenia) 2 2 OBH (Croatia) 1 1 OBSrb (Serbia) 7 3 Ipoteka Bank (Uzbekistan) 3 1 OBU (Ukraine) 3 2 CKB Group (Montenegro) 0 0 OBA (Albania) 1 1 OBM (Moldova) 2 1 OBRu (Russia) 60 31 Others 2 -7 In 1H 2026 other income declined by 21% (FX-adjusted), partially reflecting the trend-like decline in FX conversion volumes in Russia. In 2Q, the q-o-q drop was determined by lower FVA on subsidized retail loans and hedging swaps at OTP Core At OTP Core, the y-o-y improvement was largely due to revaluation effects: the MOL- OTP treasury share swap agreement, as well as subsidized retail loans and interest rate hedge swaps (providing a partial economic hedge against the yield-driven component of fair value changes in this loan portfolio) altogether resulted in HUF 19 billion higher fair value adjustment. The q-o-q decline reflects mainly the lower FVA of subsidized household loans and interest rate hedge swaps. 1 -46 20 -3 -2 -3 -2 1 2 -1 -30 -29 0 0 -25 -18 4 2 3 -16 0 0 0 1 0 0 0 At DSK, the y-o-y decrease reflects primarily lower FX conversion revenues following euro adoption from 2026. The q-o-q increase in 2Q was largely attributable to reimbursements from fees paid to international card providers. 2 In the Others segment, both the y-o-y and q-o-q declines were driven by, among other factors, higher positive FVAs recognized on PortfoLion's investments in the base periods, as well as the moderating contribution from agricultural companies. 6 1 -21% 48% -14% -46% -74% -14% 102% 180% -11% 49% -17% -32% -28% -46% 143% 89% 1% -4% 62% 3% 24% 2% 9% 6 2 OTHER INCOME 1H 2026 HUF billion 2Q 2026 HUF billion 1H 2026 Y-o-Y 2Q 2026 Q-o-Q HUF billion %, FX-adjusted HUF billion %, FX-adjusted In 1H, Russian other income fell by 32% due to shrinking FX conversion revenues. 5 37 5 3 4 In Slovenia, the y-o-y drop was due to negative FVA on Visa Inc. shares in 1Q 26, lower dividend income and derivative results. 3 In Croatia, the y-o-y decline was due to weaker swap revaluation result and a gain on property sale in the base period. 4
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In 1H 2026, normalized operating costs increased by 17% FX -adjusted 38 OPERATING COSTS 1H 2026 HUF billion Y-o-Y HUF billion % Y-o-Y, FX-adjusted HUF billion %, normalized1 At OTP Core semi-annual operating expenses increased by 14% y-o-y, mainly driven by higher personnel expenses and higher depreciation related to IT investments and branch rationalization. 1 In Bulgaria, normalized operating expenses increased by 22% y-o-y on an FX-adjusted basis, mainly driven by several years of double-digit wage inflation in Bulgaria as well as rising IT costs. 2 In Uzbekistan operating expenses increased by 33% FX-adjusted, primarily due to a 22% rise in both personnel expenses and depreciation, as well as a 70% increase in operational expenses. The latter was driven by higher costs related to credit assessment, as well as rising marketing costs and IT expenditures. 3 634 261 73 52 37 33 31 18 10 9 7 86 8 88 32 10 3 4 5 7 3 2 1 1 28 1 67 31 5 -1 1 2 6 1 27 1 0 0 0 3 2 1 OTP Group 12% 17% OTP CORE (Hungary) 14% 14% DSK Group (Bulgaria) 8% 22% OBS (Slovenia) -1% 6% OBH (Croatia) 2% 11% OBSrb (Serbia) 7% 17% Ipoteka Bank (Uzbekistan) 22% 33% OBU (Ukraine) 2% 24% CKB Group (Montenegro) 11% 20% OBA (Albania) 4% 10% OBM (Moldova) -2% 10% OBRu (Russia) 46% 49% Merkantil (Hungary) 8% 8% 1 With prorated recognition of special items booked in 1Q in one sum for the full year.
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OTP Group OTP CORE (Hungary) DSK Group (Bulgaria) OBS (Slovenia) OBH (Croatia) OBSrb (Serbia) Ipoteka Bank (Uzbekistan) OBU (Ukraine) CKB Group (Montenegro) OBA (Albania) OBM (Moldova) OBRu (Russia) Merkantil (Hungary) The HUF 68 billion total risk cost booked in 2Q 2026 was determined by Hungary where the expected lifetime loss from the interest rate cap scheme was booked, and Russia 39 1 A credit risk cost rate (defined as provision for impairment on loan losses / average gross customer loans) with negative sign is consistent with positive credit risk costs, i.e. releases. At OTP Core, total risk costs amounted to HUF 22.2 billion in 1H 2026, almost entirely recognized within credit risk costs. The abolishment of the 30 June 2026 end date of the interest rate cap scheme from the relevant regulation, resulting in a HUF 23.5 billion modification loss presented on the credit risk cost line at OTP Core, and an additional HUF 1.3 billion at Merkantil, the Hungarian leasing. In 2Q, OTP Core’s other risk costs amounted to -HUF 19.1 billion, mainly reflecting the revaluation of investments in subsidiaries (eliminated at Group level, only the related tax effect is reflected in OTP Group’s P&L). A total of HUF 23.1 billion impairment was released in 1H in connection with Russian government bonds, including HUF 3.2 billion in 2Q following the maturity of a bond with USD 29 million nominal value in May. TOTAL RISK COST 1Q 2026 (HUF billion) 2025 (HUF billion) 1H 2026 (HUF billion) 1 1H 2026 credit risk cost rate1 2025 credit risk cost rate1 In Slovenia credit risk costs remained broadly stable q-o-q. On one hand, the review of risk parameters resulted in additional impairment charges affecting credit risk costs; on the other hand, a release of provisions of a broadly similar magnitude was recognized in relation to a guarantee from previous years, helping other risk costs. -84 -22 -15 -6 1 -3 0 -4 -1 0 0 -46 -2 -68 -43 -7 2 -1 -1 0 -3 -1 0 0 -25 -2 -15 21 -7 -8 2 -1 0 -1 0 0 0 -21 0 -197 -49 -17 -7 -3 -6 -7 -7 -1 1 0 -119 -4 0.66% 0.09% 0.35% 0.25% -0.11% 0.24% 0.56% 1.09% 0.01% -0.02% -0.21% 7.91% 0.38% 0.76% 0.55% 0.56% 0.27% 0.13% 0.17% -0.04% 2.20% 0.42% 0.07% 0.14% 5.28% 0.44% 1 2Q 2026 (HUF billion) 2 2
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As Russian bonds maturing in May 2026 were paid, further Russian bond -related impairments were released in 2Q 40 Maturity profile in million ccy CORE DSK CCY 04.12.2025 - matured 48 15 EUR 27.05.2026 - matured 29 USD 23.06.2027 33 USD 22.11.2027 68 EUR 24.06.2028 19 USD 21.03.2029 56 USD 1 61 10 2Q 2024 62% 2 66 11 3Q 2024 73% 3 81 13 4Q 2024 74% 3 81 12 1Q 2025 79% 3 85 12 2Q 2025 79% 2 83 11 3Q 2025 74% 17 62 11 4Q 2025 58% 6 54 11 1Q 2026 56% 8 57% 11 2Q 2026 72 78 98 44 99 97 91 71 62 97 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 -23.7 -6.3 -12.1 -5.6 -5.1 0.0 5.1 19.8 3.2 Russian bonds and related exposures (HUF billion) Other risk cost on Russian bonds and related exposures (HUF billion) After the breakout of the war, in 1Q 2022 Russian government bond exposures of HUF 102 billion face value held in the books of OTP Core and DSK Bank were reclassified into Stage 3 category. In line with supervisory expectations, from 2Q 2024 to 3Q 2025 further impairments were booked on these exposures, lifting coverage from 36% in 1Q 2024 to 79% in 3Q 2025. Over the last three quarters, part of these impairments was released, as bonds matured with a nominal value of EUR 63 million in 4Q 2025 and USD 29 million on 29 May 2026. The amounts were credited to OTP Bank's accounts in accordance with the standard payment process; however, currently OTP Bank and DSK Bank have no free disposal of these amounts. Legal proceedings are currently ongoing and subject to a favourable outcome, OTP Bank and DSK Bank will be able to freely dispose of these amounts. So far, all 16 court exemption proceedings related to previously executed coupon payments totaling HUF 5 billion have resulted in a positive outcome for OTP. As of the end of June, coupon and principal payments amounting to HUF 37 billion equivalent remained subject to court proceedings, and are kept on restricted accounts in Hungary. 110 14 2Q 2024 4 108 13 3Q 2024 6 114 15 4Q 2024 7 109 14 1Q 2025 8 104 13 2Q 2025 8 102 13 3Q 2025 34 75 12 4Q 2025 30 76 13 1Q 2026 37 61 12 4 128 126 135 131 2Q 2026 122 121 119 109 125 Related provisions and coverage Paid to OTP account but no free disposal yet Outstanding interest bearing Russian bonds1 Paid but locked at EuroclearTotal coverage ratio 1 At fair value.
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This presentation contains statements that are, or may be deemed to be, “forward-looking statements” which are prospective in nature. These forward- looking statements may be identified by the use of forward-looking terminology, or the negative thereof such as “plans", "expects” or “does not expect”, “is expected”, “continues”, “assumes”, “is subject to”, “budget”, “scheduled”, “estimates”, “aims”, “forecasts”, “risks”, “intends”, “positioned”, “predicts”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words or comparable terminology and phrases or statements that certain actions, events or results “may”, “could”, “should”, “shall”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy. By their nature, forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the control of OTP Bank. Forward-looking statements are not guarantees of future performance and may and often do differ materially from actual results. Neither OTP Bank nor any of its subsidiaries or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. You are cautioned not to place undue reliance on these forward-looking statements which only speak as of the date of this presentation. Other than in accordance with its legal or regulatory obligations, OTP Bank is not under any obligation and OTP Bank and its subsidiaries expressly disclaim any intention, obligation or undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation shall not, under any circumstances, create any implication that there has been no change in the business or affairs of OTP Bank since the date of this presentation or that the information contained herein is correct as at any time subsequent to its date. This presentation does not constitute or form part of any offer to purchase or subscribe for any securities. The making of this presentation does not constitute a recommendation regarding any securities. The distribution of this presentation in other jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. The information contained in this presentation is provided as of the date of this presentation and is subject to change without notice. www.otpbank.hu OTP Bank Investor Relations Tel: + 36 1 473 5460; + 36 1 473 5457 E-mail: investor.relations@otpbank.hu www.otpbank.hu 41 Disclaimers and contacts
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42 Questions and Answers session