Interim report
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OTP Bank Plc . Half - year Financial Report First half 2026 result ( English translation of the original report submitted to the Budapest Stock Exchange ) Budapest , 5 August 2026 Cotpbank
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 2/78 CONSOLIDATED FINANCIAL HIGHLIGHTS 1 AND SHARE DATA Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Adjusted profit after tax considering the prorated recognition of special items booked in one sum for the full year in 1Q2 591,955 580,303 -2% 293,333 1,146,325 324,412 255,891 -21% -13% Consolidated profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Adjustments (after tax) 0 0 0 0 0 0 Consolidated adjusted profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Pre-tax profit 769,459 794,123 3% 394,270 1,502,776 419,633 374,490 -11% -5% Operating profit 868,847 877,789 1% 460,777 1,700,173 435,056 442,733 2% -4% Total income 1,436,738 1,512,182 5% 747,111 2,916,962 754,317 757,866 0% 1% Net interest income 946,382 1,068,678 13% 480,975 1,944,625 527,282 541,396 3% 13% Net fees and commissions 291,248 290,263 0% 151,987 604,324 137,878 152,385 11% 0% Other net non-interest income 199,107 153,241 -23% 114,149 368,013 89,156 64,085 -28% -44% Operating expenses -567,891 -634,393 12% -286,335 -1,216,789 -319,260 -315,133 -1% 10% Total risk costs -99,388 -83,666 -16% -66,506 -197,396 -15,423 -68,243 342% 3% Corporate taxes3 -250,868 -311,385 24% -64,255 -356,452 -242,662 -68,723 -72% 7% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 45,427,144 46,666,664 3% 44,337,749 45,427,144 47,860,619 46,666,664 -2% 5% Total customer loans (net, FX-adjusted) 24,417,135 26,457,018 8% 22,537,011 24,417,135 25,260,224 26,457,018 5% 17% Total customer loans (gross, FX-adjusted) 25,401,317 27,451,623 8% 23,474,218 25,401,317 26,246,612 27,451,623 5% 17% Performing (Stage 1+2) customer loans (gross, FX-adjusted) 24,511,287 26,579,527 8% 22,662,206 24,511,287 25,359,767 26,579,527 5% 17% Allowances for possible loan losses (FX-adjusted) -984,182 -994,605 1% -937,207 -984,182 -986,389 -994,605 1% 6% Total customer deposits (FX-adjusted) 31,948,562 33,746,790 6% 30,243,832 31,948,562 32,973,010 33,746,790 2% 12% Issued securities 2,512,636 2,724,590 8% 2,356,987 2,512,636 2,922,881 2,724,590 -7% 16% Subordinated bonds and loans 486,084 807,836 66% 497,273 486,084 493,849 807,836 64% 62% Total shareholders' equity 5,625,616 5,508,896 -2% 5,239,346 5,625,616 5,821,920 5,508,896 -5% 5% Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROE (from profit after tax) 20.3% 17.5% -2.8%p 25.6% 21.6% 12.8% 22.2% 9.3%p -3.4%p ROE (from adjusted profit after tax) 20.3% 17.5% -2.8%p 25.6% 21.6% 12.8% 22.2% 9.3%p -3.4%p ROA (from profit after tax) 2.4% 2.1% -0.3%p 3.0% 2.6% 1.5% 2.6% 1.1%p -0.3%p ROA (from adjusted profit after tax) 2.4% 2.1% -0.3%p 3.0% 2.6% 1.5% 2.6% 1.1%p -0.3%p Operating profit margin 3.94% 3.78% -0.16%p 4.13% 3.80% 3.79% 3.78% -0.01%p -0.35%p Total income margin 6.52% 6.52% 0.00%p 6.70% 6.52% 6.57% 6.47% -0.10%p -0.23%p Net interest margin 4.29% 4.61% 0.31%p 4.31% 4.34% 4.59% 4.62% 0.03%p 0.31%p Cost-to-asset ratio 2.58% 2.73% 0.16%p 2.57% 2.72% 2.78% 2.69% -0.09%p 0.12%p Cost/income ratio 39.5% 42.0% 2.4%p 38.3% 41.7% 42.3% 41.6% -0.7%p 3.3%p Provision for impairment on loan losses-to-average gross loans ratio 0.66% 0.76% 0.09%p 0.91% 0.66% 0.47% 1.03% 0.56%p 0.12%p Total risk cost-to-asset ratio 0.45% 0.36% -0.09%p 0.60% 0.44% 0.13% 0.58% 0.45%p -0.01%p Effective tax rate 32.6% 39.2% 6.6%p 16.3% 23.7% 57.8% 18.4% -39.5%p 2.1%p Net loan/deposit ratio (FX-adjusted) 76% 78% 2%p 75% 76% 77% 78% 2%p 4%p Capital adequacy ratio (consolidated, IFRS) 19.8% 20.3% 0.6%p 19.8% 19.7% 19.2% 20.3% 1.2%p 0.6%p Tier 1 ratio 18.0% 17.6% -0.4%p 18.0% 18.1% 17.6% 17.6% 0.0%p -0.4%p Common Equity Tier 1 ('CET1') ratio 18.0% 17.6% -0.4%p 18.0% 18.1% 17.6% 17.6% 0.0%p -0.4%p Share data 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y EPS diluted (HUF) (from profit after tax) 1,993 1,889 -5% 1,273 4,434 692 1,197 73% -6% EPS diluted (HUF) (from adjusted profit after tax) 2,005 1,901 -5% 1,279 4,456 697 1,204 73% -6% Closing price (HUF) 27,100 45,950 70% 27,100 35,100 35,420 45,950 30% 70% Highest closing price (HUF) 28,490 45,970 61% 28,490 35,450 41,650 45,970 10% 61% Lowest closing price (HUF) 21,520 35,020 63% 22,200 21,520 35,020 35,420 1% 60% Market Capitalization (EUR billion) 19.0 36.2 91% 19.0 25.5 25.7 36.2 41% 91% Book Value Per Share (HUF) 20,258 21,696 7% 20,300 21,868 22,930 21,700 -5% 7% Tangible Book Value Per Share (HUF) 19,462 20,875 7% 19,501 21,096 22,073 20,879 -5% 7% Price/Book Value 1.3 2.1 58% 1.3 1.6 1.5 2.1 37% 59% Price/Tangible Book Value 1.4 2.2 58% 1.4 1.7 1.6 2.2 37% 58% P/E (trailing, from profit after tax) 7.0 11.6 66% 7.0 8.6 8.7 11.6 33% 66% P/E (trailing, from adjusted profit after tax) 7.0 11.6 66% 7.0 8.6 8.7 11.6 33% 66% Average daily turnover (EUR million) 30 50 66% 29 28 47 57 22% 99% Average daily turnover (million share) 0.5 0.4 -15% 0.5 0.4 0.4 0.5 11% 7% 1 Structural adjustments made on the consolidated IFRS profit and loss statement and balance sheet, together with the calculati on methodology of adjusted indicators, are detailed in the Supplementary data section of the Report. 2 For details and the calculation of these figures in this line, see the Methodological Summary section within the Supplementary Data chapter of this Report. 3 In addition to corporate income tax es, this line includes 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 dividend payments by subsidiaries.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 3/78 ACTUAL CREDIT RATINGS S&P GLOBAL OTP Bank and OTP Mortgage Bank Ltd. – FX long-term issuer credit rating BBB OTP Bank – Dated subordinated FX debt BB MOODY'S OTP Bank – FX long term deposits Baa1 OTP Bank – Senior unsecured debt Baa3 OTP Bank – Dated subordinated FX debt Ba1 OTP Mortgage Bank Ltd. – Covered bonds A1 SCOPE OTP Bank – Issuer rating BBB+ OTP Bank – Dated subordinated FX debt BB+ LIANHE OTP Bank – Issuer rating (China national scale ) AAA AWARDS At the Euromoney Awards for Excellence 2026, the OTP Group received 13 awards in total, including the title of Best Retail Bank in Central and Eastern Europe (CEE). In Hungary, OTP Bank was named Best Bank and Best Corporate Bank. Furthermore, the Group’s foreign members received prestigious accolades in eight additional countries for excellence in retail and corporate banking, ESG, corporate social responsibility, SME financing, and mortgage lending. A PROMINENT POSITION IN AN I NTERNATIONAL COMPARISON According to S&P Global Market Intelligence’s 2026 analysis, OTP Bank delivered the second -best performance among the 50 largest publicly listed banks in Europe. OTP Group advanced into the Top 400 of the Forbes Global 2000 ranking in 2026, reinforcing its position among the world’s leading companies, compared with 1,077th place in 2022. RESULTS OF THE 2025 EBA STRESS TEST Out of 64 European banks, OTP Bank achieved the 13 th best result on the 2025 EBA stress test based on the ranking in the end-2027 CET1 ratio under the adverse scenario.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 4/78 HALF-YEAR FINANCIAL REPORT – OTP BANK’S RESULTS FOR FIRST HALF 202 6 The Half-year Financial Report of OTP Bank Plc. for the first half of 202 6 has been prepared on the basis of its non-audited separate and consolidated IFRS financial statements for 30 June 202 6 or derived from that. However, for the purpose of including the consolidated eligible profit of the actual period in the regulatory capital and to comply with the provisions of Article 26 (2) of CRR, OTP Bank will submit the documents specifically prepared for this purpose as p redefined in the legislation (special purpose review report) to the Supervisory Authority until the pre -determined deadline. EXECUTIVE SUMMARY OTP Group continued its strong financial performance in the first half of 2026: performing loan volumes increased by 8% over the first half year on an FX -adjusted basis, while the ’normalized’ return on equity reached 21% , i.e. with the prorated recognition of special items booked in 1Q for the full year . Asset quality indicators improved further, while the Group maintained its strong liquidity and capital position. To better understand the quarterly profit after tax dynamics, it is important to highlight two items that occurred in 2Q and had a material impact on the development of normalized profit ( -HUF 68.5 billion q-o-q): • In Hungary, changes to the interest rate cap regulation resulted in a negative impact of HUF 30.4 billion in 2Q (HUF 27.6 billion after tax). • In Hungary, the fair value adjustment of subsidized retail loans and interest rate hedge transactions providing a partial economic hedge against these loans’ FVA amounted to +HUF 22.6 billion in 1Q and -HUF 20.9 billion in 2Q. As a result, this item deteriorated by HUF 43.5 billion q-o-q, exerting a negative post-tax impact of HUF 39.6 billion on the q-o-q profit dynamics. In the first half of the year, OTP Group achieved outstanding results: profit after tax amounted to HUF 580 billion, and ROE hit 21.0% with the prorated recognition of special items booked in a lump sum at the beginning of the year. The reported consolidated profit after tax for 1H 2026, i.e. not adjusted for these special items, was HUF 483 billion , corresponding to a n ROE of 17.5%. Had these special items recognized in one sum for the whole year been booked evenly within the year, the semi -annual profit after tax would have been higher by HUF 97.6 billion. For details, see the Methodological Summary section in the Supplementary Data chapter of this report. These aforementioned special items are as follows: • Special banking taxes in Hungary: the special banking taxes booked at the Hungarian Group members in the first quarter and the related deductions recognized in the first six months amounted to HUF 160 billion in total (after tax). The gross tax burden reached HUF 175.7 billion (before tax), of which : o The full annual amount of the special tax on financial institutions introduced in 2010 was booked in 1Q, representing HUF 35 billion; o The gross HUF 162.5 billion windfall profit tax (before deductions) for the full -year 2026 was booked in a lump sum in 1Q, which was reduced by the prorated semi -annual part of the expected reduction for the full -year. The full-year windfall tax after deduction is expected to be HUF 114.8 billion, thus in the first half the windfall tax after the prorated part of the deduction was HUF 138.7 billion (before corporate income tax shield); o The annual amount of the financial transaction tax on card transactions shall be booked in a lump sum in the first quarter, based on the annual volume of previous year’s transactions. In 1Q, this item amounted to HUF 2.0 billion. • Supervisory fees: in Bulgaria and Slovenia the full annual amount of the deposit insurance fees was recognized in one sum, resulting in an after -tax effect of HUF 13.6 billion, taking into account the refunds booked in 2Q. Regarding the components of profit after tax, the tax line – which includes, in addition to corporate income tax, banking taxes in Hungary and Slovenia, as well as the Hungarian windfall tax, local business tax and innovation contribution – increased by 24 % or HUF 61 billion y -o-y to HUF 311 billion. This was driven primarily by the HUF 58 billion y-o-y increase in the windfall tax booked in 1H: its gross amount after prorated deductions rose from HUF 80.6 billion in 1H 2025 to HUF 138.7 billion in 1H 2026. Another negative effect was that in Ukraine the corporate income tax rate for banks was increased from 25% in 2025 to 50% starting from 2026.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 5/78 In the first half of 2026, profit and balance sheet trends were significantly affected by the appreciation of the Hungarian forint against the euro. The closing exchange rate strengthened by 11%, while the average exchange rate appreciated by 8% compared to the same period of the previous year. Semi-annual profit before tax increased by 3% y -o-y, which corresponds to 8% growth in FX -adjusted terms, taking into account the appreciation of the HUF versus EUR. Profit before tax was supported by the 6% FX -adjusted improvement in operating profit as well as by moderating risk costs. Total income growth was primarily supported by the 13% y -o-y increase in net interest income (+19% FX-adjusted), reflecting both the continued dynamic expansion of business volumes and the improvement in net interest margin (+31 bps y -o-y). The favourable semi-annual margin development was partly driven by the q -o-q improvements at OTP Core (Hungary) and Uzbekistan, but composition effects also played a positive role, through the declining share of the lower-margin Slovenian, Croatian and Serbian businesses within the Group. The European Central Bank’s key deposit facility rate declined from 3.0% to 2.0% during the first half of 2025 and remained unchanged at that level between June 2025 and June 2026, before increasing to 2.25% in June 2026. The National Bank of Hungary reduced its base rate, which had stood at 6.5% since September 2024, by 25 bps in both February and June 2026, bringing it to 6.0% at the end of the reporting period. Following the balance sheet date, in July the base rate was further reduced by 25 bps to 5.75%. Despite the outbreak of the Iranian conflict at the end of February 2026, Hungarian benchmark yields generally moved lower during the first half of 2026. As benchmark yields declined by less than 100 bps at the short end of the curve and by 120 -200 bps at maturities beyond one year, the yield curve became inverted by the end of the period. Net fee and commission income remained flat in 1H 2026 in HUF terms, while increasing by 3% on an FX-adjusted basis. Positive trends were visible even in HUF terms at the Group’s largest subsidiaries (Hungary, Bulgaria and Slovenia), primarily driven by growth in business volumes and transaction activity. In Hungary, however, net fee income growth dynamics at OTP Core were tempered by a nearly HUF 7 billion y-o-y increase in agent sales commission expenses related to Hungarian subsidized loans, largely as a result of the Home Start programme launched in September 2025. In addition, restrictions on the inflation -linked indexation of fees permitted by the law , introduced under the April 2025 agreement between the Hungarian Banking Association and the Ministry for National Economy, remained in effect until the end of June 2026. At the same time, net fee and commission income improved significantly in Serbia and Uzbekistan, in both cases largely reflecting stronger business activity. In contrast, the contribution from Russia fell by nearly 20% y-o-y. Semi-annual other income declined by 23% y-o-y, or HUF 46 billion. This was primarily driven by lower FX conversion income, mainly in Russia, where other income contracted by altogether HUF 30 billion y-o-y, and to a lesser extent in Bulgaria, where revenues from FX conversion fell by approximately HUF 6 billion following the introduction of the euro. The y-o-y momentum of other income was also negatively affected by the fact that, within the other Hungarian subsidiaries segment, higher positive fair value revaluation gains were recognized in the base period on the investments of PortfoLion (Hungarian private equity firm) . In addition, the contribution from the Group’s agricultural companies moderated. In contrast, OTP Core’s other income improved by HUF 20 billion y-o-y, 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 these loans’ FVA altogether resulted in HUF 19 billion higher revaluation gains compared to the same period of the previous year. Operating expenses increased by 12% y -o-y, or 16% FX-adjusted. Personnel expenses grew at double - digit rate as a joint effect of wage inflation typically materially exceeding the rate of inflation and a 3% increase in average semi -annual headcount. The increase in depreciation was driven primarily by amortisation of IT CAPEX. The growth in other expenses was mainly induced by IT infrastructure and software costs, as well as higher marketing costs and real estate-related expenses. Semi-annual total risk costs moderated by 16%. Within that, provision for impairment on loan losses increased by 24%, or HUF 20 billion, to HUF 102 billion. Almost half of this amount, HUF 48 billion was recognized in Russia. In Hungary, OTP Core and Merkantil Bank recognized in full during the second quarter the expected losses related to the interest rate cap programme, following the removal of the 30 June 2026 expiry date from the regulation. The impact, calculated over the full remaining lifetime of loans subject to the rate cap scheme, amounted to -HUF 24.8 billion within credit risk costs and -HUF 5.6 billion within other income. As a result, the credit cost ratio was 76 bps in the first half of 2026, after 66 bps in full- year 2025. On the other hand, s emi-annual other risk costs declined by HUF 36 billion. This was mainly due to releases of provisions on Russian government bonds and related exposures held by the Hungarian and Bulgarian banks to the tune of the HUF 20 billion in 1Q 2026 and HUF 3 billion in 2Q compared to the roughly HUF 11 billion created in 1H 2025. Following the maturity of bonds with a nominal value of EUR 63 million on 4 December 2025 and USD 29 million on 27 May 2026, the full amounts were paid out in Russian roubles to OTP accounts. However, currently
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 6/78 OTP Bank and DSK Bank have no free disposal of these amounts. At the same time, in the case of the amounts from these maturities, legal proceedings are currently ongoing and subject to their favourable outcome, OTP Bank and DSK Bank will have free disposal of these amounts. Management expectations regarding these legal proceedings are positive, supported by positive outcomes for the Bank in similar past cases in the case of interest payments, and so far no indications or circumstances have occurred that could suggest a different outcome. At the end of June 2026, the gross exposure related to the Russian bond portfolio held by OTP Bank and DSK Bank, including Russian sovereign exposures at OTP Core as well as amounts paid in December 2025 and May 2026 currently being subject to legal proceedings, amounted to HUF 109 billion. Of this, HUF 61 billion represents non -matured exposures generating interest income. Total impairment on these exposures stood at HUF 62 billion at the end of June, implying 56% coverage ratio ( -3 pps q-o-q). Regarding P&L dynamics in the second quarter, the profit after tax reached HUF 256 billion with the even recognition within the year of the special expenditure items booked in 1Q in a lump-sum for the whole year, falling short of the previous quarter by 21%, and marking a y-o-y decline of 13%. In the second quarter, net interest income increased by 3% q-o-q in HUF terms , and by 6% on an FX - adjusted basis , thanks to the continued growth in business volumes, a favourable calendar effect, and a 3 bps q-o-q improvement in net interest margin. The margin expansion was mainly driven by a composition effect, as the Slovenian, Croatian and Serbian operations, which operate below the Group average margin level, recorded total asset growth below the Group average. It was also favourable that the improving margin trend in Uzbekistan continued. In 2Q, net fees and commissions grew by 13% q-o-q on an FX -adjusted basis. In addition to seasonal factors, the increase was also supported by a base effect, as the full annual financial transaction levy payable on bank card transactions was recognized at OTP Core in the first quarter in the amount of HUF 2 billion. Other income declined by 28% q-o-q, or HUF 25 billion, primarily due to developments in the Hungarian operation. On the one hand, OTP Core’s other income decreased by HUF 18 billion q-o-q, mainly reflecting the deterioration in the fair value adjustment of subsidized household loans measured at fair value and interest rate hedge transactions providing a partial economic hedge against these loans’ FVA. On the other hand, the contribution of the other Hungarian subsidiaries segment declined largely due to a base effect, as HUF 8 billion of positive revaluation gains were recognized on PortfoLion’s investments in the first quarter. In addition, at the consolidated level, other income was pulled back by HUF 2.6 billion in the second quarter following the decision on the dividend to be paid by Ipoteka Bank. Th is -HUF 2.6 billion item was recognized within other income because, under the share purchase agreement signed in June 2023, OTP Bank is expected to acquire the remaining stake owned by the State in Ipoteka Bank. Consequently, the dividend attributable to that stake was recognized through profit or loss as an increase in other expenses, rather than as a deduction from equity within non-controlling interests on the balance sheet. Credit quality remained stable , and the underlying credit quality dynamics continued to evolve favourably overall. The share of Stage 1 loans improved by 1.3 pp ytd, driven by a 1 pp decrease in the Stage 2 ratio and a 0.3 pp decline in the Stage 3 ratio. By the end of June the Stage 3 ratio improved to 3.2%, while the own provision coverage of Stage 3 loans went up by 1.3 pps over the last 12 months. Consolidated performing (Stage 1+2) loans recorded FX ‑adjusted ytd growth of 8%, within that 3% in the first quarter and 5% in the second. As for the geographical distribution of this growth , Ukraine stood out with an 18% growth rate in the first six months. In addition, the two largest operations, the Hungarian OTP Core (+10%) and DSK Bulgaria (+11%) also achieved double -digit expansion. In contrast, Russia, Serbia and Uzbekistan delivered below-average growth. In Uzbekistan, while consumer loans increased by 8% ytd, the performing corporate loan portfolio continued to follow a declining trend. As for product and client segments, mortgage loans remained the engine of growth, increasing by 12% over the first six months of the year, to a great extent supported by the popularity of the interest ‑subsidized Home Start Programme in Hungary, available since September 2025. At OTP Core, mortgage loan volumes expanded by 10% q -o-q in the first quarter and by 6% in the second quarter. Bulgaria posted an outstanding 14% growth in mortgage loans over the first half of the year. Con solidated consumer loans increased by 7% ytd on an FX‑adjusted basis. As a favourable development, consolidated performing corporate + MSE loan volume growth accelerated from 2% in 1Q to 4% in 2Q (FX-adjusted), and leasing exposures also expanded dynamically, by 6% in the second quarter. Particularly noteworthy is that OTP C ore’s corporate + MSE loan portfolio expanded at an above -Group-average pace in both 1Q and 2Q , by 3% and 5%, respectively. Within this, the micro - and small -business segment delivered an overall growth of 14% over the six -month period. Consolidated customer deposits increased by 6% ytd on an FX -adjusted basis. Within this, household deposits grew by 5%, driven primarily by Hungary, where volumes increased by 9% in the first quarter before remaining stable in 2Q. In Bulgaria, following the substantial inflows at the end of the year related
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 7/78 to the euro adoption, household deposit volumes expanded by a further 4% during the first six months of 2026. Consolidated corporate + MSE deposits, after the 3% outflow observed in 4Q 2025, grew by the same magnitude in 1Q and , followed by an additional 3% inflow in 2Q largely driven by corporate deposit placements in Hungary. The Group’s net loan ‑to‑deposit ratio stood at 78% at the end of June, up by 2 pps compared to the end of last year. The volume of issued securities increased by 8% in the first half of the year, reflecting the issuance by OTP Bank of a EUR 500 million Senior Preferred bond (ordinary non -preferential debt) with a value date of 3 February 2026, followed by the issuance by OTP Mortgage Bank of a EUR 500 million covered bond with a value date of 12 February 2026 . In the second quarter, OTP Mortgage Bank completed another EUR 500 million mortgage bond issuance, with settlement on 3 June 2026. On the other hand, in May 2026 OTP Bank redeemed a USD 500 million bond, while the Slovenian bank called a EUR 175.7 million Senior Non -Preferred bond. The 66% ytd increase in subordinated bonds was driven by the issuance of a EUR 1 billion Tier 2 capital instrument on 24 June 2026, representing the largest capital market transaction ever executed by OTP Bank. Shareholders’ equity declined by HUF 313 billion, or 5% during the second quarter. This was mainly attributable to the HUF 300 billion dividend payment to shareholders and the higher deduction related to treasury shares, while the net comprehensive income for the second quarter amounted to HUF 21 billion (1H: HUF 208 billion) . Development of the Group’s operating environment During the first six months of 2026, the operating environment remained broadly stable across the Group’s core markets despite ongoing geopolitical tensions, including the continued Russia -Ukraine war and the Iranian conflict that erupted at the end of February. In light of the heightened risks, during the first half of the year OTP Bank revised its 2026 GDP growth forecasts downward for most Group countries. In Hungary, OTP Research Centre lowered its 2026 GDP growth forecast from slightly above 2% at the beginning of the year to 1.8%, reflecting the surge in energy prices triggered by the Iranian conflict. At the same time, Hungary experienced a notable decline in benchmark yields and an appreciation of the HUF during the first half of the year, partly supported by positive newsflow regarding EU funding following the formation of the new Government. This could create room for further policy rate cuts during the remainder of the year. Across the Group’s Central and Eastern European markets, economic growth is expected to accelerate in 2026 compared with 2025. By contrast, in the tourism-driven Balkan countries, which had previously outperformed, stronger growth momentum has started to moderate. In the ex-CIS countries, a mild deceleration of economic growth is also expected. The lending trends observed in recent quarters across the Group’s Central and Eastern European markets are expected to continue during the remainder of the year. We anticipate sustained growth in retail lending at a dynamic but not overheated pace, while c orporate loan growth is likely to remain somewhat more moderate. Similarly, deposit volumes are expected to continue expanding. In light of semi -annual results, management amended its guidance for the Group’s 202 6 performance 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 July OTP Bank agreed to acquire Luminor Bank 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
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 8/78 • 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. Consolidated capital adequacy ratios At the end of June 2026, the total capital adequacy ratio (CAR) of OTP Group, calculated in accordance with IFRS under the prudential scope of consolidation, improved by 64 bps ytd to 20.3%, thanks mainly to the Tier 2 issuance in the nominal amount of EUR 1 billion in June, lifting the CAR ratio by around 120 bps ceteris paribus . The Common Equity Tier 1 (CET1) ratio of the Group stood at 17.6% at the end of June, marking a 47 bps ytd decline. In the absence of Additional Tier 1 (AT1) instrument, the CET1 rate equals the Tier 1 ratio. The CET1 ratio for the end of June was negatively impacted to the tune of 28 bps by the fact that special items recognized in a lump sum in the first quarter relating to the full year significantly weighed on the semi-annual eligible profit. With these spe cial items ’ prorated recognition throughout the year , the CET1 ratio would have stood at 17.9% at the end of the second quarter. In addition, in the first half -year regulatory changes reduced the CET1 ratio by 32 bps. Within this, 23 bps decrease resulted from the phasing ‑out effective from 1 January 2026 of the transitional adjustment introduced by Article 468 of the Capital Requirements Regulation (CRR), relating to unrealized gains and losses on securities measured at fair value through other comprehensive income. Furthermore, 10 bps decline in the CET1 ratio stemmed from the increase in the risk weights applied to EU sovereign exposures denominated in non -local currencies and to equity participations . The CET1 capital moderated by HUF 105 billion in the first six months, explained mainly by the following factors: • The eligible profit for the period, including dividend deduction, increased CET1 capital by HUF 385 billion. In the actual period, HUF 137 billion dividend was deducted , which was determined in accordance with the Commission Regulation (EU) No. 241/2014. Article 2. (7) Paragraph. Therefore, this amount should not be considered as a management proposal regarding the dividend payment to be paid after the 2026 financial year . • Changes in foreign exchange rates reduced CET1 capital by HUF 266 billion in the first half of 2026. • CET1 capital was reduced by HUF 66 billion as of 1 January 2026 due to the expiry of the transitional treatment introduced by Article 468 of the Capital Requirements Regulation (CRR), which had allowed the partial add -back of unrealised gains and losses me asured at fair value through other comprehensive income in regulatory capital calculations. • The increase in deductions from regulatory capital related to own shares was primarily driven by approvals received from the National Bank of Hungary (NBH) during the first half of the year for treasury share buybacks. In line with the terms of these approvals, the full amount s authorized by the NBH were immediately deducted from regulatory capital. Pursuant to the single permission issued by the 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. At the end of June 2026, the effective regulatory minimum requirement for the consolidated Tier 1 capital adequacy ratio (without P2G) amounted to 13.0% for OTP Group, which also incorporates the applicable SREP requirement. The corresponding minimum CET1 requirement stood at 11.1%. Recent developments affecting the components of regulatory capital requirements: • Based on the group ‑level Supervisory Review and Evaluation Process (SREP) conducted in 2025,
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 9/78 the SREP ratio remained unchanged at 122.4% in 2026, compared to the previous year. • The O ‑SII capital buffer requirement remained unchanged at 2%. • As at 30 June 2026, the local countercyclical capital buffer rates were 1% in Hungary, 2% in Bulgaria, 1% in Slovenia, 1.5% in Croatia, 1% in Montenegro, 0.5% in Russia and Albania, 2.5% in Moldova, and 1.5% in Uzbekistan. Accordingly, the institution ‑specific countercyclical capital buffer rate applicable to OTP Group stood at 1.1% at the end of 2Q 2026. • Effective from 1 January 2026, the National Bank of Hungary introduced a systemic risk buffer of 100 bps on Hungarian mortgage and commercial real estate exposures, which increased the consolidated minimum capital requirement of OTP Group by 0.04 pp at the end of 2Q 2026. Risk weighted assets (RWA) calculated under the prudential scope of consolidation increased by 0.6% ytd, or HUF 184 billion, to HUF 29,242 billion. Credit risk‑related RWA, including counterparty risk, grew by 0.6% ytd (+HUF 151 billion), explained mainly by organic growth effects (+HUF 1,458 billion) and FX effects ( -HUF 1,393 billion), but regulatory changes also played a role: the increase in the risk weight of EU sovereign exposures denominated in foreign currencies and of equ ity participations increased RWA by HUF 150 billion. Market risk RWA increased by 0.8% (+HUF 33 billion) compared to the end of 2025, while operational risk RWA remained unchanged over the first six months. MREL adequacy At the end of June 2026, the MREL ratio of OTP Bank resolution group stood at 25.9%, against the effective mandatory minimum MREL requirement of 23.9%. The ytd improvement of 67 bps in the MREL ratio was significantly supported by OTP Bank’s issuance of a EUR 1 billion Tier 2 instrument in June. The positive impact of the EUR 500 million MREL -eligible Senior Preferred bond issued by OTP Bank in the first quarter was largely offset by the redemption of a USD 500 million nominal amount bond in May. Credit rating, shareholder structure As at the end of July 2026, the following credit ratings were in effect: • S&P Global assigned a long -term issuer credit rating of ‘BBB’ to OTP Bank, with a negative outlook, while the Senior Preferred bonds were also rated ‘BBB’. Both ratings stand one notch above Hungary’s sovereign rating. The dated subordinated foreign curren cy debt was rated ‘BB’. OTP Mortgage Bank Ltd. holds a ‘BBB’ long- term issuer credit rating, likewise with a negative outlook. • Moody’s assigned a ‘Baa3’ rating to OTP Bank’s Senior Preferred bonds, on 23 July 2026 the outlook was changed from positive to stable , while the dated subordinated foreign currency debt was rated ‘Ba1’. OTP Mortgage Bank Ltd. holds a ‘Baa3’ long -term issuer rating, on 23 July 2026 the outlook was changed from positive to stable, while its mortgage bonds were rated ‘A1’. OTP Bank’s long -term foreign currency deposit rating stood at ‘Baa1’, on 23 July 2026 the outlook was changed from positive to stable . • Scope Ratings assigned a ‘BBB+’ rating to both the Bank’s issuer rating and its Senior Preferred bonds. The Senior Non -Preferred bonds were rated ‘BBB’, while subordinated liabilities were rated ‘BB+’. All ratings issued by Scope carried a stable outlook. • China Lianhe Credit Rating Co. assigned OTP Bank a ‘AAA’ domestic Chinese long -term issuer credit rating, with a stable outlook. With regard to the ownership structure of the Bank, at the end of the second quarter of 2026, the following investors held more than 5% influence (voting rights) in the Company: MOL Plc. (Hungarian Oil and Gas Company, 9.08%), the Groupama Group (5.40%), and the OTP Special Employee Partial Ownership Plan Organizations (Special Employee Partial Ownership Plan Organization No. I and No. II of OTP Employees, 5.17% in total).
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 10/78 DISCLAIMER – WAR RELATED RISKS In 2022 Russia launched a still ongoing war against Ukraine. Many countries, as well as the European Union imposed sanctions due to the armed conflict on Russia and Russian businesses and citizens. Russia responded to these sanctions with similar measures. On 28 February 2026, the United States of America and Israel carried out military operations on Iranian territory, which were followed by further military responses in the region, representing an escalation. Ongoing wars and the international sanctions influence the business and economic activities significantly all around the world. There are a number of factors associated with the Russian -Ukrainian war and other armed conflicts as well as the international s anctions and their impact on global economies that could have a material adverse effect on (among other things) the profitability, capital and liquidity of financial institutions such as the OTP Group. Wars and international sanctions cause significant economic damage to the affected parties and in addition they cause disruptions in the global economic processes, and they have negative impact – interalia – on energy and grain markets, the global transpor t routes, international trade and tourism, while also increasing the volatility of global energy prices and exchange rates. OTP Group continues to monitor war situations closely. The OTP Group's ability to conduct business may be adversely affected by disruptions and restrictions to its infrastructure, business processes and technology services. This may cause significant custo mer detriment, costs to reimburse losses incurred by the OTP Group’s customers, and reputational damage. Furthermore, the OTP Group relies on models to support a broad range of business and risk management activities, including informing business decisions and strategies, measuring and limiting risk, valuing exposures, conducting stress testing and assessing capital adequacy. Models are, by their nature, imperfect and incomplete representations of reality because they rely on assumptions and inputs, and as such assumptions may later potentially prove to be incorrect, this can affect the accuracy of their outpu ts. This may be exacerbated when dealing with unprecedented scenarios, such as the Russian -Ukrainian armed conflict and the international sanctions, due to the lack of reliable historical reference points and data. Any and all such events mentioned above could have a material adverse effect on the OTP Group’s business, financial condition, results of operations, prospects, liquidity, capital position and credit ratings, as well as on the OTP Group’s customers, employ ees and suppliers.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 11/78 POST-BALANCE SHEET EVENTS Post-balance sheet events cover the period up to 31 July 2026. Hungary • Pursuant to the agreement concluded on 9 April 2025 between the Hungarian Banking Association and the Ministry of National Economy, banks did not apply fee adjustments to retail customers resulting from inflation indexation or increases in other operating costs until 30 June 2026. Following the expiration of this period, and while simultaneously introducing certain discounts, OTP Bank selectively raised its fees effective 1 July 2026. For a typical retail customer, the impact of the increase was less than HUF 100 per month. • On 20 July 2026 OTP Bank signed a share purchase agreement to acquire 100% of the shares of Luminor Holding, the parent company of Luminor Bank, operating in the Baltic region, 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. • At its interest rate decision meeting on 21 July 2026, the National Bank of Hungary cut the central bank’s base rate by 25 bps, from 6% to 5.75%. • On 23 July 2026 Moody’s Ratings changed the outlook on OTP Bank’s ꞌBaa1ꞌ long -term local and foreign currency deposit rating and on its ꞌBaa3ꞌ senior preferred debt rating to positive from stable. All other ratings and assessments of OTP Bank were affirmed. At the same time, Moody’s Ratings changed the outlook on OTP Mortgage Bank’s ꞌBaa3ꞌ backed long term domestic currency issuer rating to positive from stable. All other ratings and assessments of OTP Mortgage Bank were affirmed. • The share buyback limit of HUF 60 billion, as stipulated in the individual authorization for the repurchase of Common Equity Tier 1 (CET1) instruments received from the National Bank of Hungary on 14 April 2026, was fully exhausted on 23 July 2026 . • Based on preliminary data published by the Central Statistical Office on 30 July 2026, Hungary’s gross domestic product grew by 1.7% in the second quarter of 2026 according to raw data, and by 1.6% according to seasonally and calendar -adjusted and balanced data, compared to the same period of the previous year. Compared to the pre vious quarter, economic output expanded by 0.4% based on seasonally and calendar -adjusted and balanced data. • On 31 July 2026, OTP Bank fully redeemed its CNY 300 million Senior Preferred notes originally due in 2027. The principal amount of the notes, together with accrued and unpaid interest was paid to the holders of the notes. Russia • On 24 July 2026, the Bank of Russia reduced the key interest rate from 14.25% to 14%. Slovenia • On 23 July 2026, the European Central Bank left the key interest rate unchanged at 2.25%. • On 31 July 2026, Moody’s Ratings changed the outlook on OTP Bank Slovenia’s ꞌA2ꞌ long -term deposit rating and on its ꞌBaa1ꞌ senior unsecured debt rating to positive from stable. All other ratings and assessments of OTP Bank Slovenia were affirmed. Ukraine • On 30 July the National Bank of Ukraine hiked the policy rate by 0.5 p p to 15.50%.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 12/78 CONSOLIDATED PROFIT AFTER TAX BREAKDOWN BY SEGMENTS 4 in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Consolidated profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Adjustments (after tax) 0 0 0 0 0 0 Consolidated adjusted profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Banks total1 491,377 455,933 -7% 311,245 1,073,118 162,454 293,479 81% -6% OTP Core (Hungary)2 74,745 70,057 -6% 106,739 263,975 -14,249 84,306 -692% -21% DSK Group (Bulgaria)3 103,373 103,339 0% 54,788 211,269 43,790 59,549 36% 9% OTP Bank Slovenia4 57,861 46,515 -20% 30,053 105,833 15,255 31,260 105% 4% OBH (Croatia)5 27,076 24,957 -8% 14,984 54,591 13,149 11,809 -10% -21% OTP Bank Serbia6 39,442 31,954 -19% 17,001 79,324 15,800 16,154 2% -5% Ipoteka Bank (Uzbekistan) 25,003 34,581 38% 12,040 49,496 17,408 17,173 -1% 43% OTP Bank Ukraine7 30,298 17,189 -43% 15,393 55,849 9,226 7,963 -14% -48% CKB Group (Montenegro)8 10,968 8,980 -18% 5,674 22,376 5,285 3,695 -30% -35% OTP Bank Albania 9,578 7,820 -18% 4,844 18,597 4,329 3,492 -19% -28% OTP Bank Moldova 4,420 4,098 -7% 2,237 10,027 2,108 1,991 -6% -11% OTP Bank Russia9 108,611 106,443 -2% 47,491 201,783 50,354 56,089 11% 18% Leasing 2,207 1,117 -49% 2,041 4,404 -145 1,262 -970% -38% Merkantil Group (Hungary)10 2,207 1,117 -49% 2,041 4,404 -145 1,262 -970% -38% Asset Management 11,906 11,229 -6% 6,300 24,422 6,045 5,184 -14% -18% OTP Asset Management (Hungary) 11,750 11,005 -6% 6,281 24,310 5,950 5,055 -15% -20% Foreign Asset Management Companies 11 156 224 44% 19 112 95 129 37% 582% Other Hungarian Subsidiaries 20,440 1,897 -91% 14,415 27,418 9,190 -7,293 -179% -151% Other Foreign Subsidiaries12 -4,344 -760 -82% -1,077 -4,637 -542 -219 -60% -80% Eliminations -2,995 13,321 -2,908 21,599 -31 13,353 -559% Adjusted profit after tax of the Hungarian operation13 106,861 96,589 -10% 126,301 333,033 1,114 95,475 -24% Adjusted profit after tax of the Foreign operation 14 411,731 386,149 -6% 203,714 813,291 175,857 210,293 20% 3% Share of Hungarian contribution to the adjusted profit after tax 21% 20% -1%p 38% 29% 1% 31% 31%p -7%p Share of Foreign contribution to the adjusted profit after tax 79% 80% 1%p 62% 71% 99% 69% -31%p 7%p 4 Relevant footnotes are in the Supplementary data section of the Report.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 13/78 CONSOLIDATED, UNAUDITED IFRS REPORTS OF OTP BANK PLC. CONSOLIDATED STATEMENT OF RECOGNIZED INCOME 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Adjusted profit after tax considering the prorated recognition of special items booked in one sum for the full year in 1Q1 591,955 580,303 -2% 293,333 1,146,325 324,412 255,891 -21% -13% Consolidated profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Adjustments (after tax) 0 0 0 0 0 0 Consolidated adjusted profit after tax 518,591 482,738 -7% 330,015 1,146,325 176,970 305,767 73% -7% Profit before tax 769,459 794,123 3% 394,270 1,502,776 419,633 374,490 -11% -5% Operating profit 868,847 877,789 1% 460,777 1,700,173 435,056 442,733 2% -4% Total income 1,436,738 1,512,182 5% 747,111 2,916,962 754,317 757,866 0% 1% Net interest income 946,382 1,068,678 13% 480,975 1,944,625 527,282 541,396 3% 13% Net fees and commissions 291,248 290,263 0% 151,987 604,324 137,878 152,385 11% 0% Other net non-interest income 199,107 153,241 -23% 114,149 368,013 89,156 64,085 -28% -44% Foreign exchange result, net 137,771 90,311 -34% 69,657 262,565 38,013 52,298 38% -25% Gain/loss on securities, net 28,931 30,892 7% 19,701 42,180 8,912 21,981 147% 12% Net other non-interest result 32,405 32,038 -1% 24,791 63,269 42,231 -10,194 -124% -141% Operating expenses -567,891 -634,393 12% -286,335 -1,216,789 -319,260 -315,133 -1% 10% Personnel expenses -298,509 -330,625 11% -153,981 -630,275 -158,726 -171,899 8% 12% Depreciation -63,993 -71,139 11% -33,121 -134,716 -34,545 -36,594 6% 10% Other expenses -205,389 -232,629 13% -99,232 -451,798 -125,990 -106,640 -15% 7% Total risk costs -99,388 -83,666 -16% -66,506 -197,396 -15,423 -68,243 342% 3% Provision for impairment on loan losses -82,105 -102,115 24% -57,630 -168,788 -31,520 -70,595 124% 22% Other provision -17,283 18,449 -207% -8,877 -28,609 16,097 2,352 -85% -126% Corporate taxes2 -250,868 -311,385 24% -64,255 -356,452 -242,662 -68,723 -72% 7% Performance indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROE (from profit after tax) 20.3% 17.5% -2.8%p 25.6% 21.6% 12.8% 22.2% 9.3%p -3.4%p ROE (from adjusted profit after tax) 20.3% 17.5% -2.8%p 25.6% 21.6% 12.8% 22.2% 9.3%p -3.4%p ROA (from profit after tax) 2.4% 2.1% -0.3%p 3.0% 2.6% 1.5% 2.6% 1.1%p -0.3%p ROA (from adjusted profit after tax) 2.4% 2.1% -0.3%p 3.0% 2.6% 1.5% 2.6% 1.1%p -0.3%p Operating profit margin 3.94% 3.78% -0.16%p 4.13% 3.80% 3.79% 3.78% -0.01%p -0.35%p Total income margin 6.52% 6.52% 0.00%p 6.70% 6.52% 6.57% 6.47% -0.10%p -0.23%p Net interest margin 4.29% 4.61% 0.31%p 4.31% 4.34% 4.59% 4.62% 0.03%p 0.31%p Net fee and commission margin 1.32% 1.25% -0.07%p 1.36% 1.35% 1.20% 1.30% 0.10%p -0.06%p Net other non-interest income margin 0.90% 0.66% -0.24%p 1.02% 0.82% 0.78% 0.55% -0.23%p -0.48%p Cost-to-asset ratio 2.58% 2.73% 0.16%p 2.57% 2.72% 2.78% 2.69% -0.09%p 0.12%p Cost/income ratio 39.5% 42.0% 2.4%p 38.3% 41.7% 42.3% 41.6% -0.7%p 3.3%p Provision for impairment on loan losses-to-average gross loans ratio 0.66% 0.76% 0.09%p 0.91% 0.66% 0.47% 1.03% 0.56%p 0.12%p Total risk cost-to-asset ratio 0.45% 0.36% -0.09%p 0.60% 0.44% 0.13% 0.58% 0.45%p -0.01%p Effective tax rate 32.6% 39.2% 6.6%p 16.3% 23.7% 57.8% 18.4% -39.5%p 2.1%p Non-interest income/total income 34% 29% -5%p 36% 33% 30% 29% -2%p -7%p EPS base (HUF) (from profit after tax) 1,994 1,890 -5% 1,274 4,435 693 1,197 73% -6% EPS diluted (HUF) (from profit after tax) 1,993 1,889 -5% 1,273 4,434 692 1,197 73% -6% EPS base (HUF) (from adjusted profit after tax) 2,006 1,902 -5% 1,279 4,457 697 1,205 73% -6% EPS diluted (HUF) (from adjusted profit after tax) 2,005 1,901 -5% 1,279 4,456 697 1,204 73% -6% Comprehensive Income Statement 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Consolidated profit after tax 518,592 482,738 -7% 330,015 1,146,325 176,971 305,767 73% -7% Fair value changes of financial instruments measured at fair value through other comprehensive income 9,291 -7,285 -178% 9,664 7,123 4,141 -11,426 Net investment hedge in foreign operations 10,790 30,350 181% 2,600 24,690 -450 30,800 Foreign currency translation difference -77,777 -297,969 283% -50,274 -215,803 5,822 -303,791 504% Change of actuarial costs (IAS 19) 1 27 1 -299 -2 29 Net comprehensive income 460,897 207,861 -55% 292,006 962,036 186,482 21,379 -89% -93% o/w Net comprehensive income attributable to equity holders 457,234 205,584 -55% 290,836 956,252 185,276 20,308 -89% -93% Net comprehensive income attributable to non- controlling interest 3,663 2,277 -38% 1,170 5,784 1,206 1,071 -11% -8% Average exchange rates3 (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/EUR 405 372 -8% 404 398 384 360 -6% -11% HUF/CHF 430 406 -6% 431 425 419 392 -6% -9% HUF/USD 371 319 -14% 357 353 328 310 -6% -13% 1 For details and the calculation of these figures in this line, see the Methodological Summary section within the Supplementary Data chapter of this Report. 2 The line includes in addition to corporate income tax, 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. 3 Exchange rates presented in the tables of this report should be interpreted as follows: the value of a unit of the other curr ency expressed in Hungarian forint terms, i.e. HUF/EUR represents the HUF equivalent of one EUR.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 14/78 CONSOLIDATED BALANCE SHEET Main components of the balance sheet (adjusted, in HUF million) 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD TOTAL ASSETS 44,337,749 45,427,144 47,860,619 46,666,664 -2% 5% 3% Cash, amounts due from Banks and balances with the National Banks 7,147,995 4,965,634 7,036,723 6,180,434 -12% -14% 24% Placements with other banks, net of allowance for placement losses 856,734 1,991,490 883,715 959,927 9% 12% -52% Securities at fair value through profit or loss 372,835 425,213 460,340 523,776 14% 40% 23% Securities at fair value through other comprehensive income 1,747,626 2,046,413 2,267,284 2,301,676 2% 32% 12% Net customer loans 24,474,167 25,829,350 26,753,367 26,457,018 -1% 8% 2% Net customer loans (FX-adjusted1) 22,537,011 24,417,135 25,260,224 26,457,018 5% 17% 8% Gross customer loans 25,485,150 26,863,462 27,792,820 27,451,623 -1% 8% 2% Gross customer loans (FX-adjusted1) 23,474,218 25,401,317 26,246,612 27,451,623 5% 17% 8% Gross performing (Stage 1+2) customer loans (FX-adjusted1) 22,662,206 24,511,287 25,359,767 26,588,480 5% 17% 8% o/w Retail loans 13,411,022 14,658,688 15,294,081 16,062,257 5% 20% 10% Retail mortgage loans (incl. home equity) 6,271,530 6,979,682 7,386,888 7,798,404 6% 24% 12% Retail consumer loans 6,219,853 6,716,869 6,891,580 7,178,592 4% 15% 7% MSE loans 919,638 962,138 1,015,613 1,085,261 7% 18% 13% Corporate loans 7,655,075 8,204,301 8,373,389 8,726,127 4% 14% 6% Leasing 1,596,110 1,648,298 1,692,297 1,800,097 6% 13% 9% Allowances for loan losses -1,010,983 -1,034,112 -1,039,454 -994,605 -4% -2% -4% Allowances for loan losses (FX-adjusted1) -937,207 -984,182 -986,389 -994,605 1% 6% 1% Associates and other investments 143,419 160,418 159,446 153,137 -4% 7% -5% Securities at amortized costs 7,470,378 7,925,465 8,081,667 8,064,411 0% 8% 2% Tangible and intangible assets, net 986,884 1,033,988 999,271 1,000,087 0% 1% -3% o/w Goodwill, net 70,239 68,169 68,214 65,182 -4% -7% -4% Tangible and other intangible assets, net 916,645 965,818 931,057 934,905 0% 2% -3% Other assets 1,137,711 1,049,173 1,218,805 1,026,200 -16% -10% -2% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 44,337,749 45,427,144 47,860,619 46,666,664 -2% 5% 3% Amounts due to banks, the National Governments, deposits from the National Banks and other banks, and Financial liabilities designated at fair value through profit or loss 1,777,182 1,581,260 1,667,491 1,518,084 -9% -15% -4% Deposits from customers 32,753,737 33,734,266 34,847,302 33,746,790 -3% 3% 0% Deposits from customers (FX-adjusted1) 30,243,832 31,948,562 32,973,010 33,746,790 2% 12% 6% o/w Retail deposits 20,178,914 21,868,317 22,391,364 22,794,724 2% 13% 4% Household deposits 17,080,560 18,499,606 19,097,137 19,455,594 2% 14% 5% MSE deposits 3,098,354 3,368,711 3,294,227 3,339,130 1% 8% -1% Corporate deposits 10,064,918 10,080,244 10,581,646 10,952,066 4% 9% 9% Liabilities from issued securities 2,356,987 2,512,636 2,922,881 2,724,590 -7% 16% 8% Other liabilities 1,713,224 1,487,281 2,107,175 2,360,468 12% 38% 59% Subordinated bonds and loans 497,273 486,084 493,849 807,836 64% 62% 66% Total shareholders' equity 5,239,346 5,625,616 5,821,920 5,508,896 -5% 5% -2% Indicators 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Loan/deposit ratio (FX-adjusted1) 78% 80% 80% 81% 2%p 4%p 2%p Net loan/deposit ratio (FX-adjusted1) 75% 76% 77% 78% 2%p 4%p 2%p Stage 1 loan volume under IFRS 9 21,396,200 23,246,910 24,215,563 24,177,903 0% 13% 4% Stage 1 loans under IFRS 9/gross customer loans 84.0% 86.5% 87.1% 88.1% 0.9%p 4.1%p 1.5%p Own coverage of Stage 1 loans under IFRS 9 0.8% 0.8% 0.8% 0.8% 0.0%p 0.0%p 0.0%p Stage 2 loan volume under IFRS 9 3,215,524 2,680,060 2,641,150 2,410,578 -9% -25% -10% Stage 2 loans under IFRS 9/gross customer loans 12.6% 10.0% 9.5% 8.8% -0.7%p -3.8%p -1.2%p Own coverage of Stage 2 loans under IFRS 9 9.4% 9.9% 10.1% 10.4% 0.3%p 1.0%p 0.5%p Stage 3 loan volume under IFRS 9 873,426 936,493 936,107 863,143 -8% -1% -8% Stage 3 loans under IFRS 9/gross customer loans 3.4% 3.5% 3.4% 3.1% -0.2%p -0.3%p -0.3%p Own coverage of Stage 3 loans under IFRS 9 61.0% 61.8% 61.5% 62.4% 0.9%p 1.5%p 0.6%p Consolidated capital adequacy Basel IV, IFRS, according to prudential scope of consolidation 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Capital adequacy ratio 19.8% 19.7% 19.2% 20.3% 1.2%p 0.6%p 0.6%p Tier 1 ratio 18.0% 18.1% 17.6% 17.6% 0.0%p -0.4%p -0.5%p Common Equity Tier 1 ('CET1') capital ratio 18.0% 18.1% 17.6% 17.6% 0.0%p -0.4%p -0.5%p Own funds 5,396,788 5,725,502 5,788,186 5,949,588 3% 10% 4% o/w Tier 1 Capital 4,907,990 5,253,292 5,302,425 5,148,215 -3% 5% -2% o/w Common Equity Tier 1 capital 4,907,990 5,253,292 5,302,425 5,148,215 -3% 5% -2% Tier 2 Capital 488,798 472,210 485,762 801,373 65% 64% 70% Consolidated risk weighted assets (RWA) (credit, market, operational risk) 27,299,095 29,057,123 30,187,709 29,241,540 -3% 7% 1% o/w RWA - credit risk RWA 23,625,734 24,869,051 25,872,830 25,020,217 -3% 6% 1% RWA - market & operational risk 3,673,360 4,188,072 4,314,879 4,221,323 -2% 15% 1% Closing exchange rates (in HUF) 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD HUF/EUR 399 385 386 355 -8% -11% -8% HUF/CHF 427 414 421 385 -8% -10% -7% HUF/USD 340 328 336 312 -7% -8% -5% 1 For the FX-adjustment, the closing cross currency rates for the current period were used in order to calculate the HUF equivalent of loan and deposit volumes in the base periods.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 15/78 OTP CORE (OTP BANK’S HUNGARIAN CORE BUSINESS) OTP Core Statement of recognized income: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 422,208 379,428 -10% 310,836 681,344 213,523 165,905 -22% -47% Dividend received from subsidiaries 347,462 309,370 -11% 204,097 417,369 227,772 81,599 -64% -60% Profit after tax without received dividend 74,745 70,057 -6% 106,739 263,975 -14,249 84,306 -692% -21% Adjustments (without dividend received from subsidiaries, after tax) 0 0 -100% 0 0 0 0 -100% -100% Adjusted profit after tax considering the prorated recognition of special items booked in 1Q in one sum for the full year1 138,741 159,386 15% 74,741 263,975 119,743 39,642 -67% -47% Adjusted profit after tax 74,745 70,057 -6% 106,739 263,975 -14,249 84,306 -692% -21% Profit before tax 215,505 278,566 29% 116,790 408,620 178,846 99,720 -44% -15% Operating profit 239,038 300,736 26% 131,171 457,408 157,603 143,132 -9% 9% Total income 469,004 562,156 20% 250,774 975,327 280,100 282,056 1% 12% Net interest income 313,049 382,703 22% 160,746 654,815 185,575 197,127 6% 23% Net fees and commissions 114,561 118,030 3% 60,567 247,158 54,612 63,417 16% 5% Other net non-interest income 41,394 61,424 48% 29,461 73,355 39,912 21,511 -46% -27% Operating expenses -229,966 -261,420 14% -119,604 -517,920 -122,497 -138,923 13% 16% Total risk costs -23,533 -22,170 -6% -14,381 -48,788 21,243 -43,412 -304% 202% Provision for impairment on loan losses -14,031 -23,144 65% -11,769 -6,658 1,154 -24,298 -2205% 106% Other provisions -9,502 974 -110% -2,612 -42,129 20,088 -19,114 -195% 632% Corporate income tax -140,760 -208,509 48% -10,051 -144,645 -193,095 -15,414 -92% 53% Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROE (adjusted) 5.0% 4.3% -0.7%p 14.0% 8.5% -1.8% 10.1% 11.9%p -3.9%p ROA (adjusted) 0.7% 0.6% -0.1%p 2.1% 1.3% -0.3% 1.4% 1.7%p -0.6%p Operating profit margin 2.33% 2.64% 0.31%p 2.53% 2.20% 2.87% 2.43% -0.10%p -0.10%p Total income margin 4.56% 4.93% 0.37%p 4.83% 4.70% 5.09% 4.78% -0.31%p -0.05%p Net interest margin 3.05% 3.36% 0.31%p 3.09% 3.15% 3.37% 3.34% -0.03%p 0.25%p Net fee and commission margin 1.11% 1.04% -0.08%p 1.17% 1.19% 0.99% 1.08% 0.08%p -0.09%p Net other non-interest income margin 0.40% 0.54% 0.14%p 0.57% 0.35% 0.73% 0.36% -0.36%p -0.20%p Operating costs to total assets ratio 2.2% 2.3% 0.1%p 2.3% 2.5% 2.2% 2.4% 0.1%p 0.1%p Cost/income ratio 49.0% 46.5% -2.5%p 47.7% 53.1% 43.7% 49.3% 5.5%p 1.6%p Provision for impairment on loan losses / average gross loans2 0.39% 0.55% 0.16%p 0.65% 0.09% -0.06% 1.14% 1.19%p 0.49%p Effective tax rate 65.3% 74.9% 9.5%p 8.6% 35.4% 108.0% 15.5% -92.5%p 6.9%p 1 For details and the calculation of the figures in the line, see the Methodological Summary section under the Supplementary Data chapter of this Report. 2 A negative Provision for impairment on loan and placement losses/average gross loans ratio implies a positive amount of provision for impairment on loan and placement losses.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 16/78 Main components of OTP Core’s Statement of financial position: Main components of balance sheet closing balances in HUF million 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Total Assets 20,421,828 20,049,496 23,293,873 23,651,216 2% 16% 18% Financial assets¹ (net) 10,661,600 9,521,816 12,119,475 12,416,444 2% 16% 30% Net customer loans 7,046,478 7,836,334 8,189,602 8,455,279 3% 20% 8% Net customer loans (FX-adjusted) 6,880,627 7,700,749 8,049,205 8,455,279 5% 23% 10% Gross customer loans 7,321,566 8,095,510 8,449,359 8,715,257 3% 19% 8% Gross customer loans (FX-adjusted) 7,151,118 7,956,829 8,305,909 8,715,257 5% 22% 10% Stage 1+2 customer loans (FX-adjusted) 6,881,274 7,691,477 8,043,016 8,454,637 5% 23% 10% Retail loans 4,367,896 4,779,559 5,067,488 5,359,980 6% 23% 12% Retail mortgage loans (incl. home equity) 2,049,336 2,343,427 2,575,993 2,742,224 6% 34% 17% Retail consumer loans 1,754,162 1,851,435 1,873,125 1,952,185 4% 11% 5% MSE loans 564,398 584,697 618,371 665,571 8% 18% 14% Corporate loans 2,513,379 2,911,918 2,975,528 3,094,658 4% 23% 6% Provisions -275,089 -259,176 -259,757 -259,978 0% -5% 0% Provisions (FX adjusted) -270,491 -256,081 -256,705 -259,978 1% -4% 2% Tangible and intangible assets (net) 438,061 470,679 469,424 481,537 3% 10% 2% Shares and equity investments (net) 2,036,513 2,023,310 2,036,463 2,023,050 -1% -1% 0% Other assets (net) 239,177 197,356 478,909 274,906 -43% 15% 39% Deposits from customers 11,535,689 11,453,532 12,309,829 12,410,426 1% 8% 8% Deposits from customers (FX-adjusted) 11,266,224 11,278,645 12,115,264 12,410,426 2% 10% 10% Retail deposits 6,933,965 7,246,059 7,724,483 7,701,010 0% 11% 6% Household deposits 5,522,734 5,711,058 6,203,078 6,189,417 0% 12% 8% MSE deposits 1,411,232 1,535,001 1,521,406 1,511,593 -1% 7% -2% Corporate deposits 4,332,258 4,032,502 4,390,742 4,709,352 7% 9% 17% Liabilities to credit institutions 2,331,948 1,969,564 3,561,102 3,697,272 4% 59% 88% Issued securities 2,201,009 2,261,368 2,647,511 2,544,339 -4% 16% 13% Subordinated bonds and loans 471,244 460,614 450,496 765,447 70% 62% 66% Total shareholders' equity 3,131,840 3,265,229 3,495,068 3,351,317 -4% 7% 3% Loan Quality 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Stage 1 loan volume under IFRS 9 (in HUF million) 5,893,924 6,916,981 7,255,550 7,563,319 4% 28% 9% Stage 1 loans under IFRS 9/gross customer loans 80.5% 85.4% 85.9% 86.8% 0.9%p 6.3%p 1.3%p Own coverage of Stage 1 loans under IFRS 9 0.5% 0.5% 0.5% 0.5% 0.0%p 0.0%p 0.0%p Stage 2 loan volume under IFRS 9 (in HUF million) 1,152,987 909,842 927,696 891,318 -4% -23% -2% Stage 2 loans under IFRS 9/gross customer loans 15.7% 11.2% 11.0% 10.2% -0.8%p -5.5%p -1.0%p Own coverage of Stage 2 loans under IFRS 9 7.3% 7.9% 7.8% 8.0% 0.2%p 0.7%p 0.1%p Stage 3 loan volume under IFRS 9 (in HUF million) 274,655 268,686 266,113 260,620 -2% -5% -3% Stage 3 loans under IFRS 9/gross customer loans 3.8% 3.3% 3.1% 3.0% -0.2%p -0.8%p -0.3%p Own coverage of Stage 3 loans under IFRS 9 58.5% 57.1% 57.3% 58.5% 1.2%p 0.0%p 1.4%p Market Share 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Loans 26.8% 27.7% 28.2% 28.7% 0.5%p 1.8%p 1.0%p Deposits 27.2% 27.4% 27.3% 27.7% 0.4%p 0.5%p 0.3%p Total Assets 29.3% 28.3% 30.0% 30.4% 0.4%p 1.1%p 2.1%p Performance Indicators 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y YTD Net loans to deposits (FX adjusted) 61% 68% 66% 68% 2%p 7%p 0%p Shareholder's Equity/Total Assets (closing) 15.3% 16.3% 15.0% 14.2% -0.8%p -1.2%p -2.1%p Total Assets/Shareholder's Equity (closing) 6.5x 6.1x 6.7x 7.1x 0.4x 0.5x 0.9x Capital adequacy ratio (OTP Bank, non-consolidated, Basel 4, IFRS) 25.6% 25.1% 24.0% 27.0% 3.1% 1.4% 1.9% Common Equity Tier1 ratio (OTP Bank, non-consolidated, Basel IV, IFRS) 21.6% 21.4% 20.4% 21.0% 0.6% -0.6% -0.4% 1 For the FX-adjustment, the closing cross currency rates for the current period were used in order to calculate the HUF equivalent of loa n and deposit volumes in the base periods.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 17/78 OTP Core generated HUF 70.1 billion profit after tax in 1H 2026, excluding dividends received from subsidiaries. Performance was materially weighed down by increasing government burdens recognised in a lump -sum in 1Q, as well as by higher risk costs, partly driven by regulatory developments. The Home Start Programme remained the key driver of retail loan growth, generating strong disbursements also in 2Q, while corporate lending expansion continued as well. Thanks to its high -quality and continuously improving service proposition, the Bank maintained its trend -like market share gains across most product segments. OTP Core generated HUF 159.4 billion adjusted profit after tax in 1H 2026 assuming the prorated recognition of special items booked in 1Q in a lump sum for the whole year, representing a 15% y -o-y increase. Profit growth was supported by higher net interest income and rising other revenues, while accounting items related to changes 5 in the interest rate cap regulation had a negative impact on earnings. Prorated profit after tax amounted to HUF 39.6 billion in 2Q. The q -o-q decline to roughly one -third of the previous quarter’s level reflect ed the effects of lower other income and higher operating expenses as well as the expected loss booked due to the amendment of the interest rate cap regulation. The full -year amount of the special tax on financial institutions and the windfall tax, presented on the corporate income tax line, totalled HUF 194.3 billion (gross) at OTP Core level. This sum was accounted for in a lump sum in 1Q. The windfall tax may b e reduced by 30%, if the stock of government securities increases as stipulated by the relevant regulation. In each month, one-twelfth of the annual amount of the tax -reducing item is accounted for, amounting to HUF 23.9 billion in the first six months. As a result, the effective burden on 1H earnings amounted to HUF 173.5 billion. Semi-annual net interest income increased by 22% y-o-y, supported both by a 31 bps improvement in net interest margin as well as the larger average balance sheet total. The strengthening margin was mainly driven by continued growth in household deposits. In addition, the growing ratio of higher -margin loan portfolio as well as the reinvestment of maturing Hungarian government bonds in to higher yield ing ones also had a positive impact on net interest income. In 2Q, n et interest income increased by 6% q -o-q, supported by volume growth, while the 3 bps q -o-q decline in margin was mainly attributable to a 6% q-o-q increase in average total assets, driven mainly by intragroup deposit placements. The modest 3% y -o-y increase in cumulated net fees and commissions stemmed from several negative factors: the increase in the monthly limit of free cash withdrawals for retail customers effective from 5 For details see ’Key regulatory changes’ at the end of this section 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 in 1H) related to the sales of subsidised loans, primarily the Home Start mortgages. These effects were only partly offset by the increase in distribution fees charged to OTP Fund Management, which is eliminated at Group level. The 16% q -o-q increase in net fees and commissions in 2Q was primarily driven by seasonality. From 1 July 2026, following the expiry of the fee freeze, the Bank implemented selective fee increases, alongside the introduction of certain discounts. For a typical retail customer, the impact r emained below HUF 100 per month. Other net non -interest income amounted to HUF 61.4 billion in 1H 2026, nearly 50% higher y -o-y, partly due to the negative HUF 13 billion fair value adjustment recognised in the base period on subsidised loans measured at fair value. In 1H 2026, the combined fair value adjustment of subsidised retail loans and IRS transactions providing a partial economic hedge against these loans’ FVA amounted to a mere +HUF 2 billion. From March 2026, the Bank started entering into IRS transactions to hedge the interest rate risk of the banking book . These derivatives are not designated as hedge accounting; therefore, their revaluation result is recognised within other income. The resulting gains provide a partial economic hedge for the yield-driven component of fair value changes in the subsidised retail loan portfolio. However, the component of loan fair value changes attributable to non -interest-rate risk factors continues to be recognised within the other net non-interest income line. In 2Q 2026, other net non-interest income amounted to HUF 21.5 billion, down by HUF 18.4 billion q -o-q. The line included HUF 12.0 billion MOL dividend income together with the revaluation effect of the MOL -OTP treasury share swap transaction, together amounting to HUF 26 billion. This was offset by the HUF -43.5 billion q -o-q impact of the fair value adjustment of subsidised retail loans (Home Start, CSOK, Baby Loan and Worker Loan) and IRS hedges providing a partial economic hedge against these loans’ FVA . The decrease was mainly attributable to the elevated volatility of the non -interest-rate risk components affecting the fair value of these loans following the outbreak of the Iran conflict, lifting the 1Q total FVA above HUF 20 billion. These components returned to normal levels in 2Q, to levels seen at the beginning of the year. As a result, although the semi - annual combined fair value adjustment of subsidised retail loans and IRS transactions used to hedge interest rate risk amounted to barel y HUF 2 billion, a significant q-o-q volatility was generated on the other income line.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 18/78 As a one-off item, -HUF 5.6 billion expected loss was recognised within other net non-interest income due to changes in the interest rate cap regulation relating to loans measures at fair value. 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 rationalisation. The 13% q -o-q increase in 2Q was primarily attributable to seasonally higher personnel costs, while operating expenses remained broadly flat. Total risk costs amounted to HUF 22.2 billion in 1H 2026, almost entirely recognised within credit risk costs. The charge was primarily attributable to the abolishment of the 30 June 2026 deadline for 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. In 2Q, other risk costs amounted to -HUF 19.1 billion, mainly reflecting the revaluation of investments in subsidiaries. At Group level, the revaluation of subsidiary investments is eliminated, 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 face value in May. As a result, the coverage ratio of Russian government bonds and related receivables held on the Core balance sheet decreased to 54%. Credit quality trends remained favourable. The Stage 3 ratio improved by 0.8 ppts y -o-y and 0.2 ppts q -o-q to 3.0%, while the Stage 2 ratio decreased by 5.5 ppts y-o-y and 0.8 ppts q-o-q. Total assets increased by 16% y -o-y and remained broadly stable q -o-q. Annual growth was primarily driven by customer deposits, especially retail deposits, higher shareholders' equity and the increase in issued securities. The dynamic expansion of the performing (Stage 1+2) loan portfolio continued in 2Q 2026, with volumes increasing by 5% q -o-q (FX -adjusted), supported by both retail (+6%) and corporate (+5%) segments. As a result, ytd growth in performing loans reached 10%, exceeding the Group average. Within retail lending, growth in performing mortgage loans moderated somewhat in 2Q, but remained robust at 6% q -o-q, bringing ytd growth to 17%. While the semi-annual contractual volume of market -based housing loans declined by half y -o-y, the contractual volume of subsidised housing loans surged sevenfold, mainly driven by the Home Start subsidised housing loan programme launched on 1 September 2025. Under the program me, the Bank had received HUF 797 billion of loan applications and signed contracts worth HUF 723 billion by end -June 2026, corresponding to a market share of 42%. In 2Q, subsidised housing loan disbursements declined by 11% q -o-q, while market -based mortgage disbursements remained stable. Consumer loans expanded by 4% q -o-q and 11% y-o-y in 2Q 2026, with more than half of the increase driven by cash loans (+6% q -o-q, +18% y -o-y). The workers’ loan programme, launched in early 2025, remained a significant contributor to annual growth; OTP's stock market share reached 44% by the end of 1H 2026. Baby loan volumes increased by only 2% y-o-y, despite a pick -up in demand from mid -2025 linked to the Home Start Programme, with six -month contractual volumes increasing by 15% y-o-y. Growth in corporate (including MSE) loan volumes continued in 2Q 2026 as well, expanding by 5% q -o-q and reaching 8% ytd growth. OTP’s market share in loans to non-financial corporates rose further to a new historical high of 22.0%. Within corporate lending, micro and small business loans expanded by 8% q -o-q, primarily driven by subsidised loan programmes. New disbursements under the Széchenyi Card MAX+ Loan Programme doubled y-o-y in 1H 2026 to HUF 386 billion, resulting in a 42% stock market share at end -June. Under the Demján Sándor Programme, launched in early 2025, loan agreements amounting to HUF 106.3 billion were signed, of which HUF 79.6 billion had been drawn by mid-2026. In 1H 2026, customer deposits increased by 10% ytd (FX-adjusted). Retail deposits remained stable in 2Q after the 9% increase recorded in 1Q, which had been primarily supported by state transfers and pension payments. Corporate (including MSE) deposits increased by 5% q-o-q. Issued securities increased by 16% y-o-y, but declined by 4% q -o-q. OTP Core remained active in international capital markets demonstrated by several recent successful transactions. In 2Q 2026, a new EUR 500 million mortgage bond was issued, and a Senior Preferred bond with nominal value of USD 500 million was called back. In June, the Bank completed its largest ever transaction issuing Tier 2 bondswith a face value of EUR 1 billion, increasing the stock of subordinated bonds and loans by 70% q-o-q.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 19/78 Key regulatory changes announced in Hungary in the recent period: • The interest rate cap scheme was introduced by Government Decree 782/2021 (XII.24.) for a terminated period from 1 January 2022 until 30 June 2022, which period was subsequently extended several times. Government Decree 84/2026 (IV.17.) abolished the expir y date of the scheme. In accordance with the currently effective legal framework, modification loss was recognised in 2Q for the full remaining tenor of loans subject to the interest rate cap. For OTP Core this expected loss amounted to HUF 29.1 billion, of which HUF 5.6 billion affected the other net non- interest income and HUF 23.5 billion the credit risk cost line. • Government Decree 101/2026 (VI.29.) extended the original five-year childbearing deadline under the Baby Loan programme until 1 November 2026 for borrowers whose original deadline would have expired between 1 July 2024 and 31 October 2026. The extension ai ms to provide time for the government to redesign the current penalty regime applicable to borrowers failing to meet the eligibility condition. • Effective from 15 July 2026, liquidity and overdraft facilities under the Széchenyi MAX+ Loan Programme carry an interest rate equal to the applicable 3 -month BUBOR, replacing the previous fixed 3% rate. For applications submitted after 19 June 2026, loan agreements have been concluded under the new terms from 15 July 2026 onwards.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 20/78 OTP FUND MANAGEMENT (HUNGARY) Changes in assets under management and financial performance of OTP Fund Management: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 11,750 11,005 -6% 6,281 24,310 5,950 5,055 -15% -20% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 11,750 11,005 -6% 6,281 24,310 5,950 5,055 -15% -20% Income tax -1,194 -1,011 -15% -631 -2,342 -550 -461 -16% -27% Profit before income tax 12,944 12,016 -7% 6,911 26,652 6,500 5,516 -15% -20% Operating profit 12,930 11,975 -7% 6,898 26,655 6,505 5,470 -16% -21% Total income 16,070 15,342 -5% 8,482 33,466 8,101 7,242 -11% -15% Net fees and commissions 15,453 14,656 -5% 8,085 32,170 7,368 7,288 -1% -10% Other net non-interest income 587 663 13% 382 1,235 718 -55 -108% -114% Operating expenses -3,140 -3,367 7% -1,584 -6,811 -1,595 -1,772 11% 12% Total provisions 14 41 200% 13 -3 -6 47 -931% 257% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 48,768 37,341 -23% 44,490 48,768 54,774 37,341 -32% -16% Total shareholders' equity 37,559 15,752 -58% 25,000 37,559 10,697 15,752 47% -37% Asset under management in HUF billion 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Assets under management, total (w/o duplicates) ¹ 4,665 4,998 7% 4,372 4,665 4,751 4,998 5% 14% Volume of investment funds (closing, w/o duplicates) 4,042 4,306 7% 3,784 4,042 4,123 4,306 4% 14% Volume of managed assets (closing) 623 692 11% 588 623 628 692 10% 18% Volume of investment funds (closing, with duplicates) 2, 3 5,276 5,640 7% 5,027 5,276 5,396 5,640 5% 12% bond 2,826 2,852 1% 2,675 2,826 2,789 2,852 2% 7% mixed 755 879 16% 728 755 804 879 9% 21% absolute return 597 871 46% 586 597 850 871 2% 49% equity 674 657 -3% 584 674 569 657 15% 12% money market 278 277 -1% 310 278 295 277 -6% -11% guaranteed 71 101 41% 55 71 83 101 21% 82% commodity market 74 4 -95% 88 74 5 4 -13% -96% 1 The cumulative net asset value of investment funds and managed assets of OTP Fund Management, eliminating the volume of own i nvestment funds (duplications) being managed in other investment funds and managed assets of OTP Fund Management. 2 The cumulative net asset value of investment funds with duplications managed by OTP Fund Management 3 The figures have been revised retrospectively . At OTP Fund Management, the steady and trend-like growth of assets under management continued in the first half of 2026 as well. The Company’s market share in the asset management market increased from 23.6% at the end of 2015 to 30.8% by the end of June 2026. OTP Fund Management posted a profit of HUF 11 billion in the first half of 2026, of which HUF 5 billion were realized in 2Q. Half-year operating profit totalled HUF 12 billion, down 7% from the same period a year earlier. Half-year net fee and commission income declined by 5%. This was due to the fact that, although fee income grew at a double -digit rate y -o-y, distribution fee expenses paid to OTP Bank rose even faster. However, this item has a neutral effect on the net fees and commissions lin e at the group level, as these expenses are incurred within the group and are eliminated at the consolidated level. Half-year operating expenses rose by 7% y -o-y. The cost dynamics were primarily driven by increases in personnel expenses and IT costs. In the domestic fund management market, the growth in investment fund assets continued in the first half of 2026 as well. The total assets under management by OTP Fund Management exceeded HUF 5,600 billion by the end of June (+7% ytd, +12% y -o-y). The assets of bond funds grew by 7% y -o-y; by the end of June, the total assets of bond funds under management exceeded HUF 2,800 billion. Balanced funds also showed dynamic growth (+ 21% y-o-y). With a 30.8% market share, the Company maintained its market -leading position in the asset management market.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 21/78 MERKANTIL GROUP (HUNGARY) Performance of Merkantil Group: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 2,207 1,117 -49% 2,041 4,404 -145 1,262 -970% -38% Adjustments (after tax) 0 0 0 0 0 0 0% 0% Adjusted profit after tax 2,207 1,117 -49% 2,041 4,404 -145 1,262 -970% -38% Income tax -3,287 -3,874 18% -594 -4,072 -3,220 -654 -80% 10% Profit before income tax 5,494 4,992 -9% 2,635 8,476 3,075 1,917 -38% -27% Operating profit 6,990 6,571 -6% 3,680 12,940 3,092 3,479 13% -5% Total income 14,566 14,733 1% 7,518 28,898 6,979 7,754 11% 3% Net interest income 12,561 12,762 2% 6,138 25,656 6,161 6,602 7% 8% Net fees and commissions 287 219 -24% 161 569 136 84 -38% -48% Other net non-interest income 1,718 1,752 2% 1,219 2,673 683 1,069 57% -12% Operating expenses -7,576 -8,162 8% -3,838 -15,958 -3,887 -4,275 10% 11% Total provisions -1,497 -1,580 6% -1,045 -4,464 -17 -1,562 8977% 50% Provision for impairment on loan losses -1,168 -1,629 40% -674 -2,616 -83 -1,546 1770% 130% Other provision -329 49 -115% -371 -1,848 65 -16 -125% -96% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 841,801 869,719 3% 842,571 841,801 854,985 869,719 2% 3% Gross customer loans 731,482 762,281 4% 694,533 731,482 741,391 762,281 3% 10% Gross customer loans (FX-adjusted) 725,732 762,281 5% 687,147 725,732 735,438 762,281 4% 11% Stage 1+2 customer loans (FX-adjusted) 715,156 752,945 5% 674,862 715,156 724,871 752,945 4% 12% Corporate loans 58,616 58,147 -1% 57,122 58,616 58,213 58,147 0% 2% Leasing 656,540 694,799 6% 617,739 656,540 666,658 694,799 4% 12% Allowances for possible loan losses -10,403 -9,929 -5% -9,905 -10,403 -10,084 -9,929 -2% 0% Deposits from customers 5,349 4,557 -15% 7,069 5,349 4,918 4,557 -7% -36% Liabilities to credit institutions 719,963 747,850 4% 729,708 719,963 735,955 747,850 2% 2% Subordinated debt 10,019 10,030 0% 6,000 10,019 10,031 10,030 67% Total shareholders' equity 76,659 74,758 -2% 71,083 76,659 70,346 74,758 6% 5% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 623,815 690,362 11% 623,815 659,721 678,087 690,362 2% 11% Stage 1 loans under IFRS 9/gross customer loans 89.8% 90.6% 0.7%p 89.8% 90.2% 91.5% 90.6% -0.9%p 0.7%p Own coverage of Stage 1 loans under IFRS 9 0.4% 0.5% 0.1%p 0.4% 0.4% 0.4% 0.5% 0.0%p 0.1%p Stage 2 loan volume under IFRS 9 (in HUF million) 58,256 62,583 7% 58,256 61,055 52,627 62,583 19% 7% Stage 2 loans under IFRS 9/gross customer loans 8.4% 8.2% -0.2%p 8.4% 8.3% 7.1% 8.2% 1.1%p -0.2%p Own coverage of Stage 2 loans under IFRS 9 3.8% 4.1% 0.3%p 3.8% 4.0% 4.1% 4.1% 0.0%p 0.3%p Stage 3 loan volume under IFRS 9 (in HUF million) 12,462 9,336 -25% 12,462 10,706 10,677 9,336 -13% -25% Stage 3 loans under IFRS 9/gross customer loans 1.8% 1.2% -0.6%p 1.8% 1.5% 1.4% 1.2% -0.2%p -0.6%p Own coverage of Stage 3 loans under IFRS 9 42.2% 44.5% 2.3%p 42.2% 48.0% 46.2% 44.5% -1.7%p 2.3%p Provision for impairment on loan losses/average gross loans 0.35% 0.44% 0.09% 0.40% 0.38% 0.05% 0.83% 0.78% 0.43% Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 0.5% 0.3% -0.2%p 0.9% 0.5% -0.1% 0.6% 0.7%p -0.3%p ROE 6.5% 3.1% -3.4%p 11.8% 6.2% -0.8% 6.9% 7.7%p -4.9%p Total income margin 3.25% 3.48% 0.23%p 3.39% 3.28% 3.35% 3.61% 0.26%p 0.21%p Net interest margin 2.80% 3.01% 0.21%p 2.77% 2.91% 2.96% 3.07% 0.11%p 0.30%p Operating costs / Average assets 1.7% 1.9% 0.2%p 1.7% 1.8% 1.9% 2.0% 0.1%p 0.3%p Cost/income ratio 52.0% 55.4% 3.4%p 51.0% 55.2% 55.7% 55.1% -0.6%p 4.1%p In the first half of 2026, the Merkantil Group reported adjusted profit after tax of HUF 1.1 billion with a ROE of 3.1%. The 49% y-o-y decline in half-year profit after tax was primarily due to higher risk costs and a greater tax burden. The latter item is explained by the full-year amount of the one -time bank special tax and extra profit tax, which were recognized in the first quarter. Taking these special taxes into account on a pro rata basis, half-year net income after tax would have been HUF 2.6 billion, with a 7.2% ROE. Half-year operating profit declined by 6% , within this, net interest income rose by 2%, while operating expenses increased by 8%. In accordance with applicable regulations, Merkantil recognized the expected loss for the entire remaining term of loans subject to the interest rate cap in the second quarter, which increased credit risk costs by HUF 1.3 billion in 2Q. FX-adjusted performing (Stage 1+2) loans increased by 5% ytd: corporate loans decreased by 1%, while leasing exposures expanded by 6%. In 2Q, the volume of newly disbursed loans increased by 35% y-o-y. This growth was primarily driven by financing for production assets, which more than doubled y-o-y. Retail auto financing, which accounted for the largest volume, grew by 17%. Credit dynamics continued to benefit from state- subsidised loan schemes. Under the KAVOSZ Széchenyi Card Programme, customers of Merkantil Bank have concluded agreements for a total of HUF 250 billion in subsidised loans since the launch of the programme (of which HUF 19 billion were in 2Q 2026). From 2025 onwards, similar preferential interest rate schemes have also been available under the Demján Sándor Programme, under which customers of Merkantil Bank have signed agreements for a total of HUF 17.5 billion in subsidised loans since its inception.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 22/78 IFRS REPORTS OF THE MAIN SUBSIDIARIES DSK GROUP (BULGARIA) Performance of DSK Group: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 103,373 103,339 0% 54,788 211,269 43,790 59,549 36% 9% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 103,373 103,339 0% 54,788 211,269 43,790 59,549 36% 9% Income tax -17,912 -17,477 -2% -9,634 -34,763 -7,121 -10,357 45% 7% Profit before income tax 121,285 120,817 0% 64,423 246,032 50,911 69,905 37% 9% Operating profit 129,253 135,511 5% 70,187 263,095 58,331 77,180 32% 10% Total income 196,435 208,103 6% 99,780 396,069 101,317 106,785 5% 7% Net interest income 136,732 150,399 10% 68,425 276,402 75,381 75,018 0% 10% Net fees and commissions 46,153 47,135 2% 23,448 94,067 22,718 24,417 7% 4% Other net non-interest income 13,550 10,568 -22% 7,907 25,600 3,218 7,350 128% -7% Operating expenses -67,182 -72,592 8% -29,593 -132,973 -42,987 -29,605 -31% 0% Total provisions -7,968 -14,694 84% -5,765 -17,063 -7,419 -7,275 -2% 26% Provision for impairment on loan losses -7,674 -15,057 96% -5,461 -17,259 -7,767 -7,290 -6% 33% Other provision -295 363 -223% -304 196 348 15 -96% -105% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 8,507,136 8,554,042 1% 7,762,030 8,507,136 9,095,845 8,554,042 -6% 10% Gross customer loans 5,313,633 5,405,115 2% 4,947,657 5,313,633 5,575,429 5,405,115 -3% 9% Gross customer loans (FX-adjusted) 4,895,727 5,405,115 10% 4,399,577 4,895,727 5,130,496 5,405,115 5% 23% Stage 1+2 customer loans (FX-adjusted) 4,802,613 5,307,699 11% 4,309,206 4,802,613 5,034,346 5,307,699 5% 23% Retail loans 3,101,286 3,446,566 11% 2,768,064 3,101,286 3,249,945 3,446,566 6% 25% Retail mortgage loans 1,788,119 2,039,841 14% 1,512,530 1,788,119 1,901,841 2,039,841 7% 35% Retail consumer loans 1,227,384 1,316,782 7% 1,168,167 1,227,384 1,260,178 1,316,782 4% 13% MSE loans 85,783 89,943 5% 87,368 85,783 87,926 89,943 2% 3% Corporate loans 1,343,043 1,476,780 10% 1,201,905 1,343,043 1,415,828 1,476,780 4% 23% Leasing 358,283 384,353 7% 339,237 358,283 368,572 384,353 4% 13% Allowances for possible loan losses -131,458 -124,438 -5% -136,646 -131,458 -135,418 -124,438 -8% -9% Allowances for possible loan losses (FX-adjusted) -121,118 -124,438 3% -121,526 -121,118 -124,612 -124,438 0% 2% Deposits from customers 6,944,798 6,639,103 -4% 6,239,570 6,944,798 7,134,494 6,639,103 -7% 6% Deposits from customers (FX-adjusted) 6,404,200 6,639,103 4% 5,555,465 6,404,200 6,565,056 6,639,103 1% 20% Retail deposits 5,498,646 5,708,130 4% 4,763,996 5,498,646 5,622,165 5,708,130 2% 20% Retail deposits 4,968,932 5,149,559 4% 4,265,441 4,968,932 5,079,691 5,149,559 1% 21% MSE deposits 529,714 558,571 5% 498,555 529,714 542,474 558,571 3% 12% Corporate deposits 905,554 930,973 3% 791,469 905,554 942,891 930,973 -1% 18% Liabilities to credit institutions 297,002 611,314 106% 316,367 297,002 609,767 611,314 0% 93% Subordinated debt 88,637 134,960 52% 91,840 88,637 88,746 134,960 52% 47% Total shareholders' equity 1,100,261 1,020,243 -7% 1,028,830 1,100,261 1,045,985 1,020,243 -2% -1% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 4,256,487 4,841,467 14% 4,256,487 4,661,437 4,922,638 4,841,467 -2% 14% Stage 1 loans under IFRS 9/gross customer loans 86.0% 89.6% 3.5%p 86.0% 87.7% 88.3% 89.6% 1.3%p 3.5%p Own coverage of Stage 1 loans under IFRS 9 0.6% 0.5% -0.1%p 0.6% 0.5% 0.5% 0.5% 0.0%p -0.1%p Stage 2 loan volume under IFRS 9 (in HUF million) 589,537 466,231 -21% 589,537 551,128 548,301 466,231 -15% -21% Stage 2 loans under IFRS 9/gross customer loans 11.9% 8.6% -3.3%p 11.9% 10.4% 9.8% 8.6% -1.2%p -3.3%p Own coverage of Stage 2 loans under IFRS 9 9.3% 9.5% 0.2%p 9.3% 9.1% 9.2% 9.5% 0.4%p 0.2%p Stage 3 loan volume under IFRS 9 (in HUF million) 101,633 97,416 -4% 101,633 101,068 104,491 97,416 -7% -4% Stage 3 loans under IFRS 9/gross customer loans 2.1% 1.8% -0.3%p 2.1% 1.9% 1.9% 1.8% -0.1%p -0.3%p Own coverage of Stage 3 loans under IFRS 9 57.2% 58.4% 1.1%p 57.2% 58.3% 58.6% 58.4% -0.3%p 1.1%p Provision for impairment on loan losses/average gross loans 0.32% 0.56% 0.25%p 0.45% 0.35% 0.59% 0.54% -0.05%p 0.10%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 2.7% 2.4% -0.3%p 2.8% 2.7% 2.1% 2.8% 0.7%p 0.0%p ROE 20.4% 19.8% -0.5%p 21.8% 20.3% 16.3% 23.5% 7.2%p 1.8%p Total income margin 5.10% 4.86% -0.23%p 5.12% 5.00% 4.76% 4.96% 0.20%p -0.16%p Net interest margin 3.55% 3.51% -0.03%p 3.51% 3.49% 3.54% 3.48% -0.06%p -0.03%p Operating costs / Average assets 1.7% 1.7% 0.0%p 1.5% 1.7% 2.0% 1.4% -0.6%p -0.1%p Cost/income ratio 34.2% 34.9% 0.7%p 29.7% 33.6% 42.4% 27.7% -14.7%p -1.9%p Net loans to deposits (FX-adjusted) 77% 80% 3%p 77% 75% 76% 80% 3%p 3%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/EUR (closing) 399.3 355.1 -11% 399.3 385.4 385.9 355.1 -8% -11% HUF/EUR (average) 406.1 373.1 -8% 405.1 399.1 382.6 363.7 -5% -10%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 23/78 From 1 January 2026, Bulgaria became a member of the Eurozone. From 2H 2025, corporate loan demand also started to recover; as a result, DSK’s business volumes expanded by more than 20% y-o-y on both the asset and liability side, further strengthening the Bank’s market share across its key product segments. DSK delivered outstanding performance again in 1H, with ROE reaching 20.7%, taking into account the prorated amount of the annual deposit insurance fee recognised in one lump sum in 1Q. In 1H 2026, DSK Group generated HUF 103.3 billion profit after tax, virtually unchanged y-o-y in HUF terms, while representing a 9% increase in EUR. Taking into account the prorated recognition of the annual deposit insurance fee booked in a lump sum for the full year 2026 in 1Q and refunds booked in 2Q, profit after tax would have amounted to HUF 107.7 billion, implying a ROE of 20.7%. Semi-annual net interest income increased by 20% y-o-y in EUR terms, driven by robust business volume growth and a stable net interest margin. Following euro adoption, the mandatory reserve ratio declined from 12% to 1% , investing almost EUR 2 billion of previously non -interest-bearing released liquidity into short-term EUR assets has had a favourable impact on net interest income and margins from 2026 onwards. In 2Q, net interest income grew by 6% q -o-q in EUR terms, supported by the continued dynamic expansion of business volumes. The ECB raised its policy rates by 25 bps on 17 June 2026; however, due to the time required for portfolio repricing, the measure ha d no material impact yet on 2Q net interest income. Net fees and commissions increased by 11% y -o-y in EUR terms in 1H. The 14% q -o-q growth in 2Q was mainly driven by seasonally higher card -related fee income. Semi-annual o ther income declined by 14% y -o-y in EUR termsprimarily reflecting 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. Cumulated operating expenses increased by 17% 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. The HUF 13.4 billion, or 27% q-o-q decrease in EUR terms in 2Q was largely explained by the HUF 12.4 billion q-o-q impact of the annual deposit insurance fee, which, similarly to previous years, was booked in full in 1Q, and partly reimbursed in 2Q. Total risk costs more than doubled y-o-y in EUR terms in 1H, reaching HUF 14.7 billion and resulting in a 56 bps cost of risk ratio. The stock of provisions on claims related to Russian government bonds held on the Bank’s balance sheet remained unchanged in 2Q, with their coverage being flat at 65%. Asset quality trends remained favourable: the Stage 3 ratio declined by 25 bps y -o-y to 1.8%, while the Stage 2 ratio decreased by a further 1.2 pps q -o-q. The performing (Stage 1+2) loan portfolio expanded by 11% ytd (FX-adjusted), with retail and corporate (including MSE) loans contributing to the growth with similar volumes. Consequently, the expansion of the corporate loan portfolio, which restarted in mid -2025, continued, with annual growth reaching 22%. Retail lending growth was primarily driven by mortgages, whose volume increased by 14% ytd and 35% y -o-y, improving the Bank’s mortgage market share by almost 2 pps y -o-y. Deposits increased by 20% y -o-y (FX -adjusted), supported by both retail (+21%) and corporate (+15%) volumes. Deposit volumes remained stable in 2Q. Notably, following the strong retail deposit inflows seen in 4Q, retail deposits increased for the second quarter by a further 1% q -o-q. The 52% q -o-q increase in subordinated debt was explained by a EUR 150 million intragroup subordinated loan transaction. The transaction was reasoned one hand by increasing regulatory capital requirements effective from 1 April 2027 (the countercyclical capital buffer will increase by 25 bps to 2.25%), on the other hand by the growing loan portfolio.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 24/78 OTP BANK SLOVENIA Performance of OTP Bank Slovenia: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 57,861 46,515 -20% 30,053 105,833 15,255 31,260 105% 4% Adjustments (after tax) 0 0 0 0 0 0 Adjusted profit after tax 57,861 46,515 -20% 30,053 105,833 15,255 31,260 105% 4% Income tax -10,537 -10,144 -4% -5,080 -20,972 -4,361 -5,783 33% 14% Profit before income tax 68,398 56,659 -17% 35,133 126,805 19,616 37,043 89% 5% Operating profit 67,784 63,016 -7% 35,880 133,731 27,609 35,407 28% -1% Total income 120,771 115,468 -4% 60,109 235,932 57,891 57,576 -1% -4% Net interest income 90,262 86,643 -4% 44,614 179,928 44,065 42,578 -3% -5% Net fees and commissions 26,278 26,812 2% 13,525 52,994 13,628 13,185 -3% -3% Other net non-interest income 4,231 2,012 -52% 1,970 3,010 198 1,814 815% -8% Operating expenses -52,987 -52,451 -1% -24,229 -102,201 -30,282 -22,170 -27% -9% Total provisions 614 -6,357 -1135% -747 -6,927 -7,993 1,636 -120% -319% Provision for impairment on loan losses 905 -4,006 -543% -497 -7,315 -1,956 -2,049 5% 313% Other provision -291 -2,352 709% -251 388 -6,037 3,685 -161% -1571% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 5,928,358 5,564,491 -6% 5,976,780 5,928,358 6,019,026 5,564,491 -8% -7% Gross customer loans 2,979,608 2,929,046 -2% 2,974,659 2,979,608 3,086,565 2,929,046 -5% -2% Gross customer loans (FX-adjusted) 2,745,041 2,929,046 7% 2,645,132 2,745,041 2,840,161 2,929,046 3% 11% Stage 1+2 customer loans (FX-adjusted) 2,660,792 2,856,563 7% 2,593,000 2,660,792 2,763,568 2,856,563 3% 10% Retail loans 1,351,220 1,408,014 4% 1,316,622 1,351,220 1,378,088 1,408,014 2% 7% Retail mortgage loans 852,029 884,258 4% 838,409 852,029 861,170 884,258 3% 5% Retail consumer loans 447,787 461,452 3% 426,691 447,787 457,506 461,452 1% 8% MSE loans 51,404 62,305 21% 51,522 51,404 59,411 62,305 5% 21% Corporate loans 1,106,378 1,227,758 11% 1,079,910 1,106,378 1,174,700 1,227,758 5% 14% Leasing 203,194 220,790 9% 196,468 203,194 210,780 220,790 5% 12% Allowances for possible loan losses -51,136 -39,943 -22% -50,267 -51,136 -43,105 -39,943 -7% -21% Allowances for possible loan losses (FX-adjusted) -47,111 -39,943 -15% -44,708 -47,111 -39,660 -39,943 1% -11% Deposits from customers 4,727,443 4,459,878 -6% 4,760,857 4,727,443 4,763,118 4,459,878 -6% -6% Deposits from customers (FX-adjusted) 4,356,945 4,459,878 2% 4,235,119 4,356,945 4,383,168 4,459,878 2% 5% Retail deposits 3,549,515 3,703,070 4% 3,455,698 3,549,515 3,585,950 3,703,070 3% 7% Retail deposits 3,094,823 3,221,804 4% 3,034,275 3,094,823 3,114,978 3,221,804 3% 6% MSE deposits 454,692 481,265 6% 421,423 454,692 470,972 481,265 2% 14% Corporate deposits 807,430 756,808 -6% 779,421 807,430 797,218 756,808 -5% -3% Liabilities to credit institutions 34,945 100,011 186% 42,863 34,945 33,015 100,011 203% 133% Issued securities 305,326 213,910 -30% 310,655 305,326 307,654 213,910 -30% -31% Subordinated debt 30,841 28,408 -8% 31,949 30,841 30,877 28,408 -8% -11% Total shareholders' equity 746,666 670,900 -10% 723,482 746,666 693,732 670,900 -3% -7% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 2,558,437 2,609,507 2% 2,558,437 2,644,651 2,756,352 2,609,507 -5% 2% Stage 1 loans under IFRS 9/gross customer loans 86.0% 89.1% 3.1%p 86.0% 88.8% 89.3% 89.1% -0.2%p 3.1%p Own coverage of Stage 1 loans under IFRS 9 0.2% 0.2% 0.0%p 0.2% 0.2% 0.2% 0.2% 0.0%p 0.0%p Stage 2 loan volume under IFRS 9 (in HUF million) 357,617 247,055 -31% 357,617 243,516 246,971 247,055 0% -31% Stage 2 loans under IFRS 9/gross customer loans 12.0% 8.4% -3.6%p 12.0% 8.2% 8.0% 8.4% 0.4%p -3.6%p Own coverage of Stage 2 loans under IFRS 9 4.4% 3.4% -1.0%p 4.4% 3.3% 3.5% 3.4% -0.1%p -1.0%p Stage 3 loan volume under IFRS 9 (in HUF million) 58,604 72,483 24% 58,604 91,441 83,242 72,483 -13% 24% Stage 3 loans under IFRS 9/gross customer loans 2.0% 2.5% 0.5%p 2.0% 3.1% 2.7% 2.5% -0.2%p 0.5%p Own coverage of Stage 3 loans under IFRS 9 49.9% 37.3% -12.7%p 49.9% 42.6% 36.2% 37.3% 1.0%p -12.7%p Provision for impairment on loan losses/average gross loans -0.06% 0.27% 0.33%p 0.07% 0.25% 0.26% 0.28% 0.01%p 0.21%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 1.9% 1.6% -0.3%p 2.0% 1.8% 1.0% 2.2% 1.2%p 0.2%p ROE 15.4% 13.4% -2.1%p 16.5% 14.2% 8.4% 18.7% 10.3%p 2.2%p Total income margin 4.03% 4.03% -0.01%p 4.00% 3.95% 3.98% 4.07% 0.09%p 0.08%p Net interest margin 3.02% 3.02% 0.01%p 2.97% 3.01% 3.03% 3.01% -0.02%p 0.05%p Operating costs / Average assets 1.8% 1.8% 0.1%p 1.6% 1.7% 2.1% 1.6% -0.5%p 0.0%p Cost/income ratio 43.9% 45.4% 1.6%p 40.3% 43.3% 52.3% 38.5% -13.8%p -1.8%p Net loans to deposits (FX-adjusted) 61% 65% 3%p 61% 62% 64% 65% 1%p 3%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/EUR (closing) 399.3 355.1 -11% 399.3 385.4 385.9 355.1 -8% -11% HUF/EUR (average) 406.1 373.1 -8% 405.1 399.1 382.6 363.7 -5% -10%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 25/78 In Slovenia, the significantly stronger GDP growth expected for 2026, at around 2%, compared with last year, had a favourable impact on business volume growth : the performing loan portfolio grew by 7% ytd. Cost control remained strong and the NIM was stable. In 1H 2026, the Slovenian operation generated HUF 46.5 billion profit after tax ( -20% y -o-y in HUF terms, -12% y-o-y in EUR terms), of which HUF 31.3 billion was generated in 2Q, doubling q -o-q. The 1H ROE stood at 13.4%, down 2.1 pps y -o-y. The 7% y -o-y decline in 1H operating profit was only partly offset by strict cost control. Net interest income decreased slightly in 1H 2026 (while improving by 4% y-o-y in EUR terms), despite a virtually stable net interest margin of 3.02%. The quarterly NIM declined only marginally to 3.01% in 2Q. Net fee and commission income increased by 2% y-o-y in 1H 2026, supported by pricing measures as well as higher insurance and card fee income. The Bank remained a successful participant in syndicates arranging sovereign bond issuances, which also contributed to fee generation. The improvement in 2Q profit after tax was partly attributable to a higher operating profit (+28% q -o-q, +37% in EUR terms). Within this, broadly stable revenues were more than offset by a 27% q -o-q decline in operating expenses. IT and personnel expenses decreased significantly, while the annual deposit insurance fee of EUR 18 million, recognized in full in 1Q, did not recur. The number of branches decreased by one unit q-o-q to 69, while headcount remained unchanged. Other net non -interest income increased almost ninefold q -o-q, primarily driven by strong FX income related to customer activity and interbank transactions. Asset quality improved further, with the Stage 3 ratio declining by 0.2 pp q -o-q to 2.5% at end -June. Credit risk costs remained broadly stable q -o-q. On the one hand, the review of risk parameters resulted in additional impairment charges; on the other hand, a release of provisions of a broadly similar magnitude was recognized in relation to a guarantee f rom previous years. Following 4% growth in the previous quarter, the FX-adjusted performing loan portfolio expanded by a further 3% q -o-q in 2Q (+10% y -o-y). Meaningful volume growth was recorded across all segments: both large corporate and MSE loans increased by 6% q-o-q, while retail volumes grew by a more moderate 2% q -o-q. Based on sector data available at end-June, the Bank's market shares in consumer and corporate loans improved ytd. Mortgage loan market share declined slightly, although a modest improvement was already visible in June. The FX -adjusted deposit base grew by 2% q -o-q (+5% y -o-y). The 5% q -o-q decline in corporate deposits was fully offset by growth in the retail and MSE segments. Based on 1H data, both retail and corporate deposit market shares improved. The Bank's net loan -to-deposit ratio increased by 1 pp q-o-q to 65%. The Bank's capital adequacy and liquidity ratios remained safely above regulatory minimum requirements. At end-June, the CAR stood at 19.93%, the Tier 1 ratio at 19.3%, while the LCR amounted to 349%. The Bank closed 1H 2026 with total assets of EUR 15.7 billion, maintaining its position as the second - largest bank in Slovenia, corresponding to a market share of 26.6%. Nearly 600 legal cases related to CHF -denominated loans are currently pending against the Slovenian subsidiary. These cases may necessitate additional provisions in the coming periods. Consistent with previous practice, provisions have been recognized only for ongoing cases, currently amounting to EUR 3 million. Going forward, the Bank will assess whether any change to this provisioning approach is warranted.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 26/78 OTP BANK CROATIA Performance of OTP Bank Croatia: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 27,076 24,957 -8% 14,984 54,591 13,149 11,809 -10% -21% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 27,076 24,957 -8% 14,984 54,591 13,149 11,809 -10% -21% Income tax -6,157 -5,698 -7% -3,039 -12,297 -2,896 -2,803 -3% -8% Profit before income tax 33,233 30,656 -8% 18,023 66,889 16,044 14,611 -9% -19% Operating profit 35,167 29,670 -16% 18,190 69,634 14,148 15,522 10% -15% Total income 71,663 66,902 -7% 36,523 143,651 33,228 33,673 1% -8% Net interest income 53,215 51,608 -3% 26,369 106,903 26,139 25,470 -3% -3% Net fees and commissions 15,046 14,499 -4% 8,076 31,441 6,806 7,693 13% -5% Other net non-interest income 3,401 794 -77% 2,078 5,307 284 510 79% -75% Operating expenses -36,496 -37,232 2% -18,334 -74,016 -19,080 -18,151 -5% -1% Total provisions -1,934 986 -151% -166 -2,746 1,896 -910 -148% 447% Provision for impairment on loan losses 709 -1,795 -353% 1,065 3,145 2,144 -3,939 -284% -470% Other provision -2,643 2,781 -205% -1,232 -5,891 -248 3,028 -1322% -346% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 3,878,564 3,656,524 -6% 3,833,875 3,878,564 3,909,255 3,656,524 -6% -5% Gross customer loans 2,809,007 2,763,599 -2% 2,898,102 2,809,007 2,869,583 2,763,599 -4% -5% Gross customer loans (FX-adjusted) 2,588,303 2,763,599 7% 2,577,308 2,588,303 2,640,627 2,763,599 5% 7% Stage 1+2 customer loans (FX-adjusted) 2,520,790 2,697,144 7% 2,510,010 2,520,790 2,573,945 2,697,144 5% 7% Retail loans 1,464,762 1,579,317 8% 1,384,665 1,464,762 1,517,391 1,579,317 4% 14% Retail mortgage loans 763,849 824,316 8% 728,680 763,849 787,361 824,316 5% 13% Retail consumer loans 582,770 613,292 5% 558,509 582,770 600,150 613,292 2% 10% MSE loans 118,143 141,709 20% 97,476 118,143 129,880 141,709 9% 45% Corporate loans 840,052 866,676 3% 894,899 840,052 834,404 866,676 4% -3% Leasing 215,977 251,152 16% 230,446 215,977 222,150 251,152 13% 9% Allowances for possible loan losses -80,259 -72,459 -10% -86,267 -80,259 -74,814 -72,459 -3% -16% Allowances for possible loan losses (FX-adjusted) -73,945 -72,459 -2% -76,713 -73,945 -68,842 -72,459 -2% -6% Deposits from customers 2,786,251 2,585,713 -7% 2,705,588 2,786,251 2,766,982 2,585,713 -7% -4% Deposits from customers (FX-adjusted) 2,570,712 2,585,713 1% 2,408,952 2,570,712 2,546,625 2,585,713 1% 7% Retail deposits 1,916,646 1,940,709 1% 1,782,173 1,916,646 1,898,127 1,940,709 2% 9% Retail deposits 1,656,297 1,675,044 1% 1,552,134 1,656,297 1,646,650 1,675,044 2% 8% MSE deposits 260,349 265,664 2% 230,039 260,349 251,477 265,664 6% 15% Corporate deposits 654,067 645,005 -1% 626,779 654,067 648,498 645,005 -1% 3% Liabilities to credit institutions 466,527 465,619 0% 514,938 466,527 493,131 465,619 -6% -10% Subordinated debt 69,730 82,013 18% 54,298 69,730 77,481 82,013 6% 51% Total shareholders' equity 466,311 435,497 -7% 454,491 466,311 458,312 435,497 -5% -4% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 2,531,595 2,528,486 0% 2,531,595 2,500,968 2,615,321 2,528,486 -3% 0% Stage 1 loans under IFRS 9/gross customer loans 87.4% 91.5% 4.1%p 87.4% 89.0% 91.1% 91.5% 0.4%p 4.1%p Own coverage of Stage 1 loans under IFRS 9 0.5% 0.6% 0.1%p 0.5% 0.5% 0.5% 0.6% 0.1%p 0.1%p Stage 2 loan volume under IFRS 9 (in HUF million) 290,829 168,658 -42% 290,829 234,758 181,794 168,658 -7% -42% Stage 2 loans under IFRS 9/gross customer loans 10.0% 6.1% -3.9%p 10.0% 8.4% 6.3% 6.1% -0.2%p -3.9%p Own coverage of Stage 2 loans under IFRS 9 6.5% 7.4% 0.9%p 6.5% 6.6% 7.0% 7.4% 0.4%p 0.9%p Stage 3 loan volume under IFRS 9 (in HUF million) 75,678 66,455 -12% 75,678 73,281 72,468 66,455 -8% -12% Stage 3 loans under IFRS 9/gross customer loans 2.6% 2.4% -0.2%p 2.6% 2.6% 2.5% 2.4% -0.1%p -0.2%p Own coverage of Stage 3 loans under IFRS 9 72.3% 68.9% -3.4%p 72.3% 72.0% 67.9% 68.9% 1.0%p -3.4%p Provision for impairment on loan losses/average gross loans -0.05% 0.13% 0.18%p -0.15% -0.11% -0.31% 0.57% 0.88%p 0.72%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 1.5% 1.3% -0.1%p 1.6% 1.4% 1.4% 1.3% -0.1%p -0.3%p ROE 11.8% 11.2% -0.6%p 13.3% 11.8% 11.5% 10.8% -0.7%p -2.5%p Total income margin 3.88% 3.59% -0.29%p 3.90% 3.75% 3.51% 3.66% 0.15%p -0.23%p Net interest margin 2.88% 2.77% -0.11%p 2.82% 2.79% 2.76% 2.77% 0.01%p -0.04%p Operating costs / Average assets 2.0% 2.0% 0.0%p 2.0% 1.9% 2.0% 2.0% 0.0%p 0.0%p Cost/income ratio 50.9% 55.7% 4.7%p 50.2% 51.5% 57.4% 53.9% -3.5%p 3.7%p Net loans to deposits (FX-adjusted) 104% 104% 0%p 104% 98% 101% 104% 3%p 0%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/EUR (closing) 399.3 355.1 -11% 399.3 385.4 385.9 355.1 -8% -11% HUF/EUR (average) 406.1 373.1 -8% 405.1 399.1 382.6 363.7 -5% -10%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 27/78 In 1H 2026, the Croatian operation delivered a return on equity (ROE) of 11.2%. The period was characterized by strengthening loan demand, while the net interest margin gradually recovered from its previous low point. The Croatian operation generated a profit after tax of nearly HUF 25 billion in 1H 2026, of which HUF 11.8 billion was recorded in the second quarter. Total revenues declined by 7% y -o-y in HUF terms, while increasing by 2% in euro terms. Following the ECB’s rate-cutting cycle that started in mid -2024 and continued through the first half of 2025, the net interest margin for 1H 2026 decreased by 11 basis points y -o-y. At the same time, the quarterly margin showed a gradual improvement after reaching its l ow point in 3Q 2025. The performing loan portfolio expanded by 5% q-o-q and 7% ytd on an FX-adjusted basis, supporting net interest income generation. Net interest income for the first half increased by 5% y-o-y in euro terms, while posting a 4% q-o-q increase in 2Q 2026. Net fee and commission income for the first half grew by 5% y -o-y in euro terms, supported primarily by stronger business activity, higher transaction volumes and lending-related fee income. The 11% increase in operating expenses measured in euro terms was only partly offset by revenue growth, resulting in a cost -to-income ratio of 55.7% in 1H 2026. The risk profile of the loan portfolio continued to improve, with the Stage 3 loan ratio declining to 2.4% by the end of June. The HUF 4 billion risk cost booked in 2Q reflected the revision of IFRS 9 parameters related to the macroeconomic outlook. At the same time, approximately HUF 3 billion of releases were recognized under other risk costs in the second quarter. A ruling by the Croatian Supreme Court significantly reduced the bank’s exposure to CHF loan -related litigation by excluding claims for additional compensation beyond the previous conversion of loans into euros and limiting consumer claims to default interest on overpayments. The performing (Stage 1+2) loan portfolio expanded by 5% q -o-q and 7% ytd on an FX -adjusted basis in 1H 2026. Within the retail segment, mortgage loans increased by 8% ytd, including 5% growth in 2Q. Consumer loans grew by 5% ytd, supported by strong retail loan demand and digital loan application solutions, including the Cash2go and Klik Kredit products. The corporate (including MSE) loan portfolio also expanded, increasing by 5% both ytd and q -o-q. Growth in the leasing portfolio continued to be driven primarily by tourism -related investment demand; the portfolio increased by 16% ytd and by 13% q -o-q. The FX -adjusted deposit base was broadly stable during the first half of the year (+1% ytd). Alongside moderate growth in retail deposits, the corporate (including MSE) deposit portfolio remained essentially unchanged. The net loan -to-deposit ratio of 104% continued to reflect a stable funding position.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 28/78 OTP BANK SERBIA Performance of OTP Bank Serbia: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 39,442 31,954 -19% 17,001 79,324 15,800 16,154 2% -5% Adjustments (after tax) 0 0 0 0 0 0 Adjusted profit after tax 39,442 31,954 -19% 17,001 79,324 15,800 16,154 2% -5% Income tax -5,819 -5,218 -10% -2,433 -11,493 -2,591 -2,627 1% 8% Profit before income tax 45,261 37,172 -18% 19,434 90,816 18,391 18,781 2% -3% Operating profit 48,650 39,723 -18% 24,961 97,283 19,785 19,939 1% -20% Total income 79,340 72,695 -8% 40,488 161,850 36,401 36,294 0% -10% Net interest income 59,478 52,664 -11% 30,072 118,297 26,796 25,867 -3% -14% Net fees and commissions 11,453 13,362 17% 6,043 26,552 6,190 7,171 16% 19% Other net non-interest income 8,409 6,670 -21% 4,373 17,000 3,415 3,255 -5% -26% Operating expenses -30,690 -32,972 7% -15,527 -64,567 -16,617 -16,355 -2% 5% Total provisions -3,389 -2,551 -25% -5,527 -6,466 -1,394 -1,157 -17% -79% Provision for impairment on loan losses -3,245 -2,104 -35% -5,085 -5,883 -1,075 -1,028 -4% -80% Other provision -144 -448 211% -442 -583 -319 -129 -60% -71% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 3,438,979 3,192,995 -7% 3,519,727 3,438,979 3,430,314 3,192,995 -7% -9% Gross customer loans 2,515,142 2,435,737 -3% 2,428,342 2,515,142 2,524,818 2,435,737 -4% 0% Gross customer loans (FX-adjusted) 2,316,840 2,435,737 5% 2,158,749 2,316,840 2,324,044 2,435,737 5% 13% Stage 1+2 customer loans (FX-adjusted) 2,262,059 2,385,342 5% 2,101,690 2,262,059 2,270,102 2,385,342 5% 13% Retail loans 1,072,664 1,170,317 9% 988,723 1,072,664 1,113,729 1,170,317 5% 18% Retail mortgage loans 470,400 503,457 7% 445,785 470,400 481,445 503,457 5% 13% Retail consumer loans 538,131 594,971 11% 485,179 538,131 564,422 594,971 5% 23% MSE loans 64,133 71,889 12% 57,758 64,133 67,862 71,889 6% 24% Corporate loans 1,079,487 1,098,886 2% 1,004,285 1,079,487 1,045,584 1,098,886 5% 9% Leasing 109,908 116,139 6% 108,681 109,908 110,789 116,139 5% 7% Allowances for possible loan losses -76,426 -68,810 -10% -80,840 -76,426 -76,426 -68,810 -10% -15% Allowances for possible loan losses (FX-adjusted) -70,399 -68,810 -2% -71,860 -70,399 -70,356 -68,810 -2% -4% Deposits from customers 2,273,048 2,103,204 -7% 2,347,538 2,273,048 2,273,926 2,103,204 -8% -10% Deposits from customers (FX-adjusted) 2,095,445 2,103,204 0% 2,088,734 2,095,445 2,093,446 2,103,204 0% 1% Retail deposits 1,226,967 1,247,257 2% 1,144,753 1,226,967 1,208,988 1,247,257 3% 9% Retail deposits 1,060,868 1,075,196 1% 984,811 1,060,868 1,038,129 1,075,196 4% 9% MSE deposits 166,099 172,061 4% 159,942 166,099 170,859 172,061 1% 8% Corporate deposits 868,477 855,947 -1% 943,981 868,477 884,457 855,947 -3% -9% Liabilities to credit institutions 583,402 559,816 -4% 607,447 583,402 562,423 559,816 0% -8% Subordinated debt 67,318 62,160 -8% 69,567 67,318 67,887 62,160 -8% -11% Total shareholders' equity 450,161 412,447 -8% 426,651 450,161 464,103 412,447 -11% -3% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 2,099,735 2,191,718 4% 2,099,735 2,225,580 2,234,367 2,191,718 -2% 4% Stage 1 loans under IFRS 9/gross customer loans 86.5% 90.0% 3.5%p 86.5% 88.5% 88.5% 90.0% 1.5%p 3.5%p Own coverage of Stage 1 loans under IFRS 9 0.6% 0.6% 0.0%p 0.6% 0.6% 0.6% 0.6% 0.1%p 0.0%p Stage 2 loan volume under IFRS 9 (in HUF million) 264,409 193,624 -27% 264,409 230,087 231,865 193,624 -16% -27% Stage 2 loans under IFRS 9/gross customer loans 10.9% 7.9% -2.9%p 10.9% 9.1% 9.2% 7.9% -1.2%p -2.9%p Own coverage of Stage 2 loans under IFRS 9 10.4% 11.2% 0.8%p 10.4% 11.0% 10.9% 11.2% 0.2%p 0.8%p Stage 3 loan volume under IFRS 9 (in HUF million) 64,198 50,394 -22% 64,198 59,475 58,586 50,394 -14% -22% Stage 3 loans under IFRS 9/gross customer loans 2.6% 2.1% -0.6%p 2.6% 2.4% 2.3% 2.1% -0.3%p -0.6%p Own coverage of Stage 3 loans under IFRS 9 63.4% 66.4% 3.0%p 63.4% 64.7% 65.4% 66.4% 1.0%p 3.0%p Provision for impairment on loan losses/average gross loans 0.28% 0.17% -0.10%p 0.85% 0.24% 0.18% 0.17% -0.01%p -0.68%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 2.3% 1.9% -0.4%p 1.9% 2.3% 1.9% 2.0% 0.1%p 0.0%p ROE 18.1% 14.6% -3.4%p 15.5% 18.1% 14.2% 15.1% 0.9%p -0.4%p Total income margin 4.62% 4.40% -0.21%p 4.62% 4.64% 4.35% 4.45% 0.10%p -0.17%p Net interest margin 3.46% 3.19% -0.27%p 3.43% 3.39% 3.21% 3.17% -0.03%p -0.26%p Operating costs / Average assets 1.8% 2.0% 0.2%p 1.8% 1.8% 2.0% 2.0% 0.0%p 0.2%p Cost/income ratio 38.7% 45.4% 6.7%p 38.3% 39.9% 45.6% 45.1% -0.6%p 6.7%p Net loans to deposits (FX-adjusted) 100% 113% 13%p 100% 107% 108% 113% 5%p 13%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/RSD (closing) 3.4 3.0 -11% 3.4 3.3 3.3 3.0 -8% -11% HUF/RSD (average) 3.5 3.2 -8% 3.5 3.4 3.3 3.1 -5% -10%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 29/78 The Serbian banking group’s performance moderated in 1H 2026, primarily due to narrowing interest margins and measures introduced by the National Bank of Serbia affecting retail lending. At the same time, asset quality continued to improve, while retail lending momentum remained strong. The Serbian operation generated HUF 32 billion net profit in 1H 2026, down 19% y -o-y, of which HUF 16.2 billion was recorded in 2Q. Regarding revenue trends, net interest income declined by 11% y -o-y in HUF terms and by 4% y -o-y in local currency in 1H 2026. Meanwhile, the net interest margin narrowed by 27 bps y -o-y. Margin performance was adversely affected by the fact that around tw o-thirds of the loan portfolio is FX-denominated, predominantly in euro. As a result, the decline in euro area interest rates during 1H 2025, together with interest rate caps introduced on retail loan products, exerted pressure on margins. Net fee and commission income increased by 17% y-o-y in 1H 2026, while it expanded by 16% q-o-q in 2Q, mainly driven by stronger business activity. Operating expenses increased by 7% y-o-y in 1H 2026 (up 17% in RSD terms). The increase was mainly attributable to higher IT and marketing expenses, as well as rising supervisory fees y-o-y. In 1H 2026, total risk costs amounted to HUF 2.6 billion, including HUF 2.1 billion related to credit risks. In 2Q, the HUF 2 billion negative impact of the macroeconomic IFRS 9 parameter review was offset by an impairment release of the same amount related to the prepayment of a Stage 2 exposure. Loan portfolio continued to improve: the Stage 3 loan ratio declined to 2.1% by the end of June, while Stage 3 coverage increased both q -o-q and y -o-y, reaching 66.4%. At the same time, the Stage 2 ratio declined by 2.9 ppts y-o-y to 7.9% by end-June. The performing (Stage 1+2) loan portfolio increased by 5% ytd, with the entire growth recorded in 2Q. Retail lending growth continued to be driven by consumer loans, supported by favourable borrowing conditions, higher maximum loan amounts and regulatory i nterest rate caps introduced in 2025. Mortgage lending also accelerated meaningfully: the portfolio grew by 7% ytd and by 5% q-o-q. The corporate (including MSE) loan portfolio expanded by 2% ytd during the first six months of the year. On an FX -adjusted basis, deposits remained broadly flat y -o-y. As a result, the net loans -to-deposits ratio increased to 113% by end-June.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 30/78 IPOTEKA BANK (UZBEKISTAN) Performance of Ipoteka Bank (Uzbekistan): Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 25,003 34,581 38% 12,040 49,496 17,408 17,173 -1% 43% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 25,003 34,581 38% 12,040 49,496 17,408 17,173 -1% 43% Income tax -3,854 -3,716 -4% -1,397 -7,591 -1,437 -2,279 59% 63% Profit before income tax 28,857 38,297 33% 13,438 57,087 18,845 19,452 3% 45% Operating profit 29,120 38,523 32% 13,997 64,252 19,032 19,490 2% 39% Total income 54,155 69,064 28% 26,530 116,708 34,217 34,847 2% 31% Net interest income 47,330 58,817 24% 23,747 98,378 29,076 29,742 2% 25% Net fees and commissions 5,394 7,676 42% 2,708 13,476 3,801 3,875 2% 43% Other net non-interest income 1,432 2,571 80% 75 4,854 1,341 1,231 -8% 1547% Operating expenses -25,035 -30,541 22% -12,532 -52,455 -15,185 -15,357 1% 23% Total provisions -263 -226 -14% -560 -7,166 -188 -38 -80% -93% Provision for impairment on loan losses 624 189 -70% 281 -5,696 -30 219 -838% -22% Other provision -887 -415 -53% -841 -1,470 -158 -257 63% -69% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 1,484,426 1,461,735 -2% 1,345,466 1,484,426 1,546,720 1,461,735 -5% 9% Gross customer loans 1,042,097 1,005,344 -4% 983,512 1,042,097 1,058,334 1,005,344 -5% 2% Gross customer loans (FX-adjusted) 983,617 1,005,344 2% 931,586 983,617 986,650 1,005,344 2% 8% Stage 1+2 customer loans (FX-adjusted) 842,457 866,839 3% 812,496 842,457 847,272 866,839 2% 7% Retail loans 705,176 728,706 3% 634,584 705,176 710,478 728,706 3% 15% Retail mortgage loans 436,037 445,905 2% 394,254 436,037 438,281 445,905 2% 13% Retail consumer loans 250,361 269,957 8% 218,680 250,361 258,766 269,957 4% 23% MSE loans 18,777 12,844 -32% 21,650 18,777 13,432 12,844 -4% -41% Corporate loans 137,281 138,134 1% 177,912 137,281 136,794 138,134 1% -22% Allowances for possible loan losses -113,037 -103,636 -8% -107,076 -113,037 -113,202 -103,636 -8% -3% Allowances for possible loan losses (FX-adjusted) -106,375 -103,636 -3% -100,521 -106,375 -105,209 -103,636 -1% 3% Deposits from customers 482,720 461,965 -4% 425,439 482,720 491,367 461,965 -6% 9% Deposits from customers (FX-adjusted) 456,294 461,965 1% 402,884 456,294 457,973 461,965 1% 15% Retail deposits 215,024 174,009 -19% 168,038 215,024 165,969 174,009 5% 4% Retail deposits 157,237 142,239 -10% 131,234 157,237 137,916 142,239 3% 8% MSE deposits 57,787 31,770 -45% 36,804 57,787 28,053 31,770 13% -14% Corporate deposits 241,270 287,955 19% 234,846 241,270 292,003 287,955 -1% 23% Liabilities to credit institutions 543,318 514,416 -5% 530,354 543,318 559,350 514,416 -8% -3% Issued securities 171,748 162,762 -5% 139,298 171,748 180,237 162,762 -10% 17% Subordinated debt 10,312 9,417 -9% 10,803 10,312 10,351 9,417 -9% -13% Total shareholders' equity 240,326 247,002 3% 212,746 240,326 260,530 247,002 -5% 16% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 686,907 776,898 13% 686,907 799,627 815,499 776,898 -5% 13% Stage 1 loans under IFRS 9/gross customer loans 69.8% 77.3% 7.4%p 69.8% 76.7% 77.1% 77.3% 0.2%p 7.4%p Own coverage of Stage 1 loans under IFRS 9 2.6% 1.9% -0.8%p 2.6% 2.3% 2.2% 1.9% -0.3%p -0.8%p Stage 2 loan volume under IFRS 9 (in HUF million) 168,663 89,942 -47% 168,663 92,236 92,535 89,942 -3% -47% Stage 2 loans under IFRS 9/gross customer loans 17.1% 8.9% -8.2%p 17.1% 8.9% 8.7% 8.9% 0.2%p -8.2%p Own coverage of Stage 2 loans under IFRS 9 19.5% 17.0% -2.5%p 19.5% 16.4% 17.7% 17.0% -0.7%p -2.5%p Stage 3 loan volume under IFRS 9 (in HUF million) 127,943 138,504 8% 127,943 150,234 150,299 138,504 -8% 8% Stage 3 loans under IFRS 9/gross customer loans 13.0% 13.8% 0.8%p 13.0% 14.4% 14.2% 13.8% -0.4%p 0.8%p Own coverage of Stage 3 loans under IFRS 9 43.8% 53.2% 9.4%p 43.8% 52.8% 52.4% 53.2% 0.8%p 9.4%p Provision for impairment on loan losses/average gross loans -0.12% -0.04% 0.09%p -0.11% 0.56% 0.01% -0.09% -0.10%p 0.03%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 3.6% 4.8% 1.2%p 3.5% 3.5% 4.8% 4.7% -0.1%p 1.2%p ROE 23.5% 27.8% 4.3%p 22.7% 22.4% 28.9% 26.9% -2.0%p 4.1%p Total income margin 7.78% 9.52% 1.74%p 7.78% 8.32% 9.51% 9.53% 0.02%p 1.75%p Net interest margin 6.80% 8.11% 1.31%p 6.96% 7.01% 8.08% 8.13% 0.05%p 1.17%p Operating costs / Average assets 3.6% 4.2% 0.6%p 3.7% 3.7% 4.2% 4.2% 0.0%p 0.5%p Cost/income ratio 46.2% 44.2% -2.0%p 47.2% 44.9% 44.4% 44.1% -0.3%p -3.2%p Net loans to deposits (FX-adjusted) 206% 195% -11%p 206% 192% 192% 195% 3%p -11%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/1.000 UZS (closing) 26.9 25.8 -4% 26.9 27.3 27.6 25.8 -7% -4% HUF/1.000 UZS (average) 29.0 26.3 -9% 27.8 28.2 26.8 25.8 -4% -7%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 31/78 In the first half of 2026 Ipoteka Bank reached a 38% higher net profit y -o-y, reaching HUF 35 billion, which translated into a n ROE of 27.8%. Consumer loans expanded by 23% y -o-y, while the net interest margin continued to improve, extending the positive trend observed in recent periods. The Bank generated HUF 34.6 billion in net profit in 1H 2026, up 38% y -o-y, of which HUF 17.1 billion was earned in 2Q. First-half operating profit increased by 32% y -o-y, supported by the upward trend that has been unfolding since 2Q 2025. Net interest income rose by 24% y-o-y, reflecting the combined effect of a growing loan portfolio and a 1.31 pps improvement in net interest margin. Net fees and commissions increased by 42%, closely linked to the expansion of consumer lending, while other income improved by 80%. On a qu arterly basis, 2Q total income increased by 7% q -o-q in local currency, driven by 7% growth in both net interest income and fee income. Operating expenses for the first half increased by 22% in HUF terms, primarily due to a 13% rise in personnel expenses, a 12% increase in depreciation, and a 56% leap in operati onal expenses. The increase in operational expenses was driven by higher costs related to credit assessment , as well as rising marketing and IT expenditures. Risk costs amounted to HUF 0.2 billion in 1H 2026, representing a 14% decrease compared with the same period of the previous year. In 2Q, risk costs were close to zero. The Stage 3 loan ratio improved by 0.4 pp q-o-q. The FX -adjusted performing loan portfolio was 7% higher y -o-y, reflecting a 23% increase in consumer loans and a 13% growth in mortgage loans, partially being offset by a 24% decline in corporate ( including MSE) exposures. Growth in consumer lending was somewhat slower due to IT-related issues experienced in 1Q; however, following the resolution of these issues during the quarter and the Bank’s continued expansion into new customer segments, the consumer loan portfolio grew by 4% q-o-q in 2Q. A government -supported mortgage lending programme was relaunched at the end of 1Q, resulting in a 34% q -o-q increase in mortgage loan disbursements, while the mortgage portfolio expanded by 2% q-o-q. The FX -adjusted deposit base increased by 15% y-o-y, driven primarily by an 18% increase in corporate (including MSE) deposits, while retail deposits grew by 8%. On a quarterly basis, total deposits increased by 1%. The net loans to deposit ratio stood at 195% at the end of 2Q 2026, which was 11 pps lower than a year ago. Excluding government interest -subsidized and refinanced mortgage loans, the net loan s to deposit ratio stood at 111% at the end of 2Q 2026. In May 2026, the International Finance Corporation (IFC) converted its outstanding convertible debt provided to Ipoteka Bank prior to the acquisition into equity. As a result of the conversion, IFC acquired an 8.7% stake in Ipoteka Bank, whilst the shareholding of the Republic of Uzbekistan changed to 17.5% and the stake held by OTP Bank changed to 72.9%.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 32/78 OTP BANK UKRAINE Performance of OTP Bank Ukraine: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 30,298 17,189 -43% 15,393 55,849 9,226 7,963 -14% -48% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 30,298 17,189 -43% 15,393 55,849 9,226 7,963 -14% -48% Income tax -5,494 -14,703 168% -2,943 -10,597 -8,082 -6,621 -18% 125% Profit before income tax 35,792 31,892 -11% 18,336 66,446 17,308 14,584 -16% -20% Operating profit 36,217 36,104 0% 17,901 73,522 18,502 17,602 -5% -2% Total income 53,465 53,628 0% 26,660 108,651 27,089 26,539 -2% 0% Net interest income 48,085 46,256 -4% 24,296 96,238 23,668 22,588 -5% -7% Net fees and commissions 3,976 4,204 6% 1,832 7,816 2,155 2,050 -5% 12% Other net non-interest income 1,405 3,168 126% 532 4,598 1,267 1,902 50% 257% Operating expenses -17,248 -17,524 2% -8,759 -35,130 -8,587 -8,937 4% 2% Total provisions -425 -4,212 890% 435 -7,076 -1,194 -3,018 153% -794% Provision for impairment on loan losses -660 -4,977 654% 41 -4,722 -2,047 -2,930 43% -7215% Other provision 234 765 226% 394 -2,354 853 -88 -110% -122% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 1,139,284 1,063,487 -7% 1,086,790 1,139,284 1,106,998 1,063,487 -4% -2% Gross customer loans 445,995 472,942 6% 414,191 445,995 478,525 472,942 -1% 14% Gross customer loans (FX-adjusted) 405,777 472,942 17% 361,521 405,777 437,305 472,942 8% 31% Stage 1+2 customer loans (FX-adjusted) 382,987 452,929 18% 335,752 382,987 416,059 452,929 9% 35% Retail loans 52,919 68,027 29% 40,947 52,919 58,595 68,027 16% 66% Retail mortgage loans 814 662 -19% 896 814 734 662 -10% -26% Retail consumer loans 52,075 67,354 29% 40,015 52,075 57,854 67,354 16% 68% MSE loans 30 12 -61% 37 30 7 12 57% -69% Corporate loans 242,453 279,424 15% 207,719 242,453 261,123 279,424 7% 35% Leasing 87,616 105,477 20% 87,086 87,616 96,340 105,477 9% 21% Allowances for possible loan losses -35,766 -36,819 3% -36,539 -35,766 -37,826 -36,819 -3% 1% Allowances for possible loan losses (FX-adjusted) -32,690 -36,819 13% -32,226 -32,690 -34,636 -36,819 6% 14% Deposits from customers 828,899 753,632 -9% 770,868 828,899 780,627 753,632 -3% -2% Deposits from customers (FX-adjusted) 754,850 753,632 0% 675,242 754,850 713,824 753,632 6% 12% Retail deposits 257,017 268,349 4% 254,931 257,017 273,403 268,349 -2% 5% Retail deposits 224,603 236,731 5% 224,257 224,603 241,627 236,731 -2% 6% MSE deposits 32,414 31,618 -2% 30,674 32,414 31,776 31,618 0% 3% Corporate deposits 497,834 485,283 -3% 420,311 497,834 440,421 485,283 10% 15% Liabilities to credit institutions 71,438 70,054 -2% 81,381 71,438 72,117 70,054 -3% -14% Subordinated debt 0 0 0 0 0 0 Total shareholders' equity 212,210 207,640 -2% 204,449 212,210 219,707 207,640 -5% 2% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 323,663 393,106 21% 323,663 361,194 393,879 393,106 0% 21% Stage 1 loans under IFRS 9/gross customer loans 78.1% 83.1% 5.0%p 78.1% 81.0% 82.3% 83.1% 0.8%p 5.0%p Own coverage of Stage 1 loans under IFRS 9 2.3% 3.1% 0.8%p 2.3% 2.5% 2.9% 3.1% 0.3%p 0.8%p Stage 2 loan volume under IFRS 9 (in HUF million) 61,609 59,823 -3% 61,609 60,146 61,550 59,823 -3% -3% Stage 2 loans under IFRS 9/gross customer loans 14.9% 12.6% -2.2%p 14.9% 13.5% 12.9% 12.6% -0.2%p -2.2%p Own coverage of Stage 2 loans under IFRS 9 14.1% 15.6% 1.5%p 14.1% 15.1% 15.6% 15.6% 0.0%p 1.5%p Stage 3 loan volume under IFRS 9 (in HUF million) 28,919 20,014 -31% 28,919 24,654 23,096 20,014 -13% -31% Stage 3 loans under IFRS 9/gross customer loans 7.0% 4.2% -2.8%p 7.0% 5.5% 4.8% 4.2% -0.6%p -2.8%p Own coverage of Stage 3 loans under IFRS 9 70.6% 75.5% 4.9%p 70.6% 71.4% 73.2% 75.5% 2.4%p 4.9%p Provision for impairment on loan losses/average gross loans 0.31% 2.20% 1.89%p -0.04% 1.09% 1.86% 2.53% 0.67%p 2.57%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 5.3% 3.2% -2.1%p 5.5% 5.0% 3.4% 3.0% -0.3%p -2.5%p ROE 29.1% 16.5% -12.6%p 29.6% 26.3% 17.7% 15.4% -2.3%p -14.2%p Total income margin 9.39% 9.98% 0.59%p 9.49% 9.67% 9.88% 10.07% 0.19%p 0.58%p Net interest margin 8.44% 8.60% 0.16%p 8.65% 8.56% 8.63% 8.57% -0.06%p -0.08%p Operating costs / Average assets 3.0% 3.3% 0.2%p 3.1% 3.1% 3.1% 3.4% 0.3%p 0.3%p Cost/income ratio 32.3% 32.7% 0.4%p 32.9% 32.3% 31.7% 33.7% 2.0%p 0.8%p Net loans to deposits (FX-adjusted) 49% 58% 9%p 49% 49% 56% 58% 1%p 9%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/UAH (closing) 8.1 7.0 -15% 8.1 7.8 7.7 7.0 -9% -15% HUF/UAH (average) 9.0 7.3 -19% 8.6 8.5 7.5 7.1 -6% -18%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 33/78 Amid the ongoing war, the Ukrainian bank continued to demonstrate strong business momentum reflected by the 18% growth of its performing loan portfolio during the first six months of 2026. Despite the doubling of the corporate income tax rate for banks from the beginning of 2026, the Ukrainian operation delivered a 16.5% ROE in the first half of the year and continues to maintain significant capital and liquidity buffers. These reserves could support a sharp acceleration in business activity should the war come to an end or a political settlement be reached. OTP Bank Ukraine generated more than HUF 17 billion in net profit in 1H 2026 ( -31% y-o-y in LCY terms), resulting in a 16.5% ROE. The y-o-y decline was driven to a lesser extent by higher risk costs and, to a greater extent, by the increase in the corporate income tax rate applicable to banks from 25% to 50%, effective from 1 January 2026. Corporate income tax expenses for the first half increased by more than 2.5 times, reflecting not only the higher tax rate but also a base effect. In 1H 2025, the leasing company recognized HUF 3.5 billion of deferred tax assets originating from previous years. Profit before tax increased by 8% y -o-y in local currency, while total income rose by 22% (remaining broadly flat in HUF terms). Within this, net interest income increased by 17% in hryvnia terms, primarily due to strong loan growth. Net fees and commissions expanded by 29% y-o-y in hryvnia, while other income nearly tripled from a low base, mainly due to a one - off compensation payment received from a card company. Operating expenses in the first half increased by 24% y-o-y in local currency, while in 2 Q they grew by 12% q -o-q, mainly driven by higher personnel expenses in an environment characterized by elevated wage inflation. Total risk costs amounted to HUF 4.2 billion in 1H 2026, with the vast majority recognized in 2Q, reflecting the expanding loan portfolio as well as the review of IFRS 9 model parameters in response to geopolitical developments. Positive other risk costs recorded during the first half were mainly attributable to the reversal in 1Q of impairment charges previously recognized on Ukrainian government bonds. Underlying credit quality trends remained favourable, with the Stage 3 ratio declining to 4.2%, an improvement of 2.8 pps y-o-y and 0.6 pp q-o-q. Supported by a prudent and disciplined lending strategy, the FX -adjusted stock of performing loans (Stage 1+2) increased by 35% y-o-y. Within the portfolio, retail consumer loans expanded by 68% y -o-y, supported by the continued growth of digital sales channels. Corporate loans ( including MSE) also increased (+35% y -o-y), while leasing exposures grew by 21%. On a quarterly basis, consumer loans increased by 16%, supported in part by a new online lending product launched during 2Q. Corporate loans (including MSE) expanded by 7% q-o-q, while leasing exposures increased by 9% q -o-q. FX-adjusted deposits grew by 12% y -o-y, driven primarily by a 15% increase in corporate deposits. On a quarterly basis, following the seasonally weaker 1Q, corporate deposits ( including MSE ) increased by 9% in 2Q.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 34/78 CKB GROUP (MONTENEGRO) Performance of CKB Group: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 10,968 8,980 -18% 5,674 22,376 5,285 3,695 -30% -35% Adjustments (after tax) 0 0 -100% 0 0 0 0 0% 0% Adjusted profit after tax 10,968 8,980 -18% 5,674 22,376 5,285 3,695 -30% -35% Income tax -1,842 -1,530 -17% -949 -3,980 -882 -647 -27% -32% Profit before income tax 12,810 10,510 -18% 6,624 26,356 6,168 4,342 -30% -34% Operating profit 13,782 11,797 -14% 7,196 26,908 5,961 5,835 -2% -19% Total income 23,223 22,267 -4% 12,032 47,569 11,270 10,997 -2% -9% Net interest income 17,871 17,355 -3% 8,982 36,581 8,853 8,502 -4% -5% Net fees and commissions 4,862 4,511 -7% 2,790 10,020 2,213 2,297 4% -18% Other net non-interest income 490 401 -18% 259 968 204 197 -3% -24% Operating expenses -9,441 -10,470 11% -4,835 -20,660 -5,309 -5,162 -3% 7% Total provisions -972 -1,287 32% -572 -552 206 -1,493 -824% 161% Provision for impairment on loan losses -797 -1,298 63% -460 -46 83 -1,381 -1762% 200% Other provision -174 11 -106% -112 -506 123 -112 -191% 0% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 847,297 823,789 -3% 830,669 847,297 867,496 823,789 -5% -1% Gross customer loans 609,038 605,747 -1% 587,728 609,038 641,320 605,747 -6% 3% Gross customer loans (FX-adjusted) 561,077 605,747 8% 522,597 561,077 590,127 605,747 3% 16% Stage 1+2 customer loans (FX-adjusted) 548,182 593,394 8% 509,173 548,182 577,874 593,394 3% 17% Retail loans 284,359 307,070 8% 261,644 284,359 295,618 307,070 4% 17% Retail mortgage loans 132,803 142,837 8% 122,912 132,803 138,193 142,837 3% 16% Retail consumer loans 142,703 153,061 7% 131,090 142,703 147,514 153,061 4% 17% MSE loans 8,853 11,172 26% 7,642 8,853 9,912 11,172 13% 46% Corporate loans 259,861 280,905 8% 243,655 259,861 278,147 280,905 1% 15% Leasing 3,962 5,418 37% 3,874 3,962 4,109 5,418 32% 40% Allowances for possible loan losses -15,653 -15,546 -1% -16,454 -15,653 -15,638 -15,546 -1% -6% Allowances for possible loan losses (FX-adjusted) -14,420 -15,546 8% -14,631 -14,420 -14,390 -15,546 8% 6% Deposits from customers 602,692 558,235 -7% 588,341 602,692 571,667 558,235 -2% -5% Deposits from customers (FX-adjusted) 555,628 558,235 0% 523,446 555,628 526,100 558,235 6% 7% Retail deposits 357,328 360,568 1% 321,143 357,328 347,132 360,568 4% 12% Retail deposits 284,928 289,269 2% 260,315 284,928 280,772 289,269 3% 11% MSE deposits 72,400 71,300 -2% 60,828 72,400 66,360 71,300 7% 17% Corporate deposits 198,299 197,667 0% 202,303 198,299 178,968 197,667 10% -2% Liabilities to credit institutions 80,636 105,994 31% 86,041 80,636 128,792 105,994 -18% 23% Total shareholders' equity 135,781 133,474 -2% 128,984 135,781 141,116 133,474 -5% 3% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 534,725 543,172 2% 534,725 561,392 590,514 543,172 -8% 2% Stage 1 loans under IFRS 9/gross customer loans 91.0% 89.7% -1.3%p 91.0% 92.2% 92.1% 89.7% -2.4%p -1.3%p Own coverage of Stage 1 loans under IFRS 9 0.7% 0.6% -0.1%p 0.7% 0.6% 0.6% 0.6% 0.0%p -0.1%p Stage 2 loan volume under IFRS 9 (in HUF million) 37,906 50,222 32% 37,906 33,649 37,490 50,222 34% 32% Stage 2 loans under IFRS 9/gross customer loans 6.4% 8.3% 1.8%p 6.4% 5.5% 5.8% 8.3% 2.4%p 1.8%p Own coverage of Stage 2 loans under IFRS 9 5.1% 6.3% 1.2%p 5.1% 6.3% 6.6% 6.3% -0.3%p 1.2%p Stage 3 loan volume under IFRS 9 (in HUF million) 15,097 12,353 -18% 15,097 13,997 13,316 12,353 -7% -18% Stage 3 loans under IFRS 9/gross customer loans 2.6% 2.0% -0.5%p 2.6% 2.3% 2.1% 2.0% 0.0%p -0.5%p Own coverage of Stage 3 loans under IFRS 9 71.2% 73.0% 1.8%p 71.2% 73.0% 72.8% 73.0% 0.3%p 1.8%p Provision for impairment on loan losses/average gross loans 0.29% 0.42% 0.14%p 0.32% 0.01% -0.05% 0.90% 0.95%p 0.58%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 2.8% 2.2% -0.7%p 2.8% 2.7% 2.5% 1.8% -0.8%p -1.0%p ROE 17.7% 13.4% -4.4%p 17.9% 17.4% 15.7% 11.0% -4.7%p -6.9%p Total income margin 5.96% 5.35% -0.61%p 5.95% 5.84% 5.40% 5.30% -0.10%p -0.65%p Net interest margin 4.59% 4.17% -0.42%p 4.44% 4.49% 4.24% 4.10% -0.15%p -0.34%p Operating costs / Average assets 2.4% 2.5% 0.1%p 2.4% 2.5% 2.5% 2.5% -0.1%p 0.1%p Cost/income ratio 40.7% 47.0% 6.4%p 40.2% 43.4% 47.1% 46.9% -0.2%p 6.7%p Net loans to deposits (FX-adjusted) 97% 106% 9%p 97% 98% 109% 106% -4%p 9%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/EUR (closing) 399.3 355.1 -11% 399.3 385.4 385.9 355.1 -8% -11% HUF/EUR (average) 406.1 373.1 -8% 405.1 399.1 382.6 363.7 -5% -10%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 35/78 CKB Bank of Montenegro delivered a profit of nearly HUF 9 billion in the first half of 2026, corresponding to a 13.4% ROE. In the second quarter, both loans and deposits recorded strong growth, while the net loan to deposit ratio improved. The CKB Group's total income in the first half of the year decreased by 4% in HUF terms, but increased by 4% in local currency terms. The improvement in net interest income in euro terms was driven by growing business volumes, although the net interest margin contracted by 42 bps. The margin decline was mainly attributable to rising average funding costs, intense competition in the lending market, and lower lending rates as a result of the declining EUR interest rate environment compared to the previous year. In 2Q 2026, total income increased by 4% in euro terms. Within this, net interest income grew by 2% in euros, reflecting the combined effect of expanding volumes and narrowing margins. The q-o-q decline in the margin was primarily caused by lower average lending rates. Net fees and commissions increased by 10% q -o-q in local currency, driven by higher card-related fee income associated with the summer tourist season. Operating expenses in the first half increased by 20% y-o-y in local currency, mainly due to higher supervisory fees and IT costs, while the cost-to-income ratio grew to 47%. On a quarterly basis, operating expenses increased by 3% in local currency. Risk costs amounted to HUF 1.3 billion in the first half of the year, with the entire amount recognized in 2Q. This was mainly due to a one-off impairment charge related to the reclassification of a corporate exposure into Stage 2, as well as the review of macroeconomic parameters within the IFRS 9 models. As a result of this reclassification, the Stage 2 ratio increased to 8.3%, up 2.4 pps q-o-q. Performing loans (Stage 1 + 2) grew by 8% ytd and by 3% q-o-q, adjusted for FX effects. Aggregate mortgage and personal loan disbursements in the first six months increased by 6% y-o-y. Supported by strong corporate loan demand, the corporate and MSE loan portfolio expanded by 9% ytd. Having entered the leasing market in 2024, the Bank continued to build it up and the portfolio grew albeit from a low base by nearly 40% ytd. On a quarterly basis, both retail deposits (+3%) and corporate (including MSE) deposits (+10%) increased, with the latter benefiting from seasonal inflows related to the summer tourism period. The net loan to deposit ratio stood at 106% at end of June, representing a 4 pps decline q -o-q. Liabilities to credit institutions increased by 31% ytd, driven by an intragroup funding transaction.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 36/78 OTP BANK ALBANIA Performance of OTP Bank Albania: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 9,578 7,820 -18% 4,844 18,597 4,329 3,492 -19% -28% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 9,578 7,820 -18% 4,844 18,597 4,329 3,492 -19% -28% Income tax -1,671 -1,434 -14% -862 -3,478 -763 -671 -12% -22% Profit before income tax 11,250 9,254 -18% 5,706 22,075 5,092 4,162 -18% -27% Operating profit 11,371 9,271 -18% 5,650 21,543 4,746 4,525 -5% -20% Total income 20,207 18,444 -9% 10,263 39,913 9,321 9,123 -2% -11% Net interest income 17,221 15,487 -10% 8,661 33,531 7,924 7,563 -5% -13% Net fees and commissions 1,992 1,558 -22% 1,026 3,895 754 803 7% -22% Other net non-interest income 994 1,399 41% 576 2,487 642 756 18% 31% Operating expenses -8,837 -9,173 4% -4,612 -18,369 -4,575 -4,598 0% 0% Total provisions -121 -17 -86% 55 531 346 -363 -205% -755% Provision for impairment on loan losses -427 -182 -57% -234 85 315 -497 -258% 112% Other provision 306 165 -46% 289 446 31 134 338% -54% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 818,039 807,347 -1% 814,210 818,039 861,458 807,347 -6% -1% Gross customer loans 499,796 503,256 1% 496,100 499,796 512,160 503,256 -2% 1% Gross customer loans (FX-adjusted) 467,917 503,256 8% 452,083 467,917 476,905 503,256 6% 11% Stage 1+2 customer loans (FX-adjusted) 450,343 486,672 8% 432,553 450,343 459,649 486,672 6% 13% Retail loans 203,442 226,857 12% 192,427 203,442 211,222 226,857 7% 18% Retail mortgage loans 149,478 168,355 13% 140,387 149,478 157,176 168,355 7% 20% Retail consumer loans 34,427 39,899 16% 30,995 34,427 35,628 39,899 12% 29% MSE loans 19,537 18,603 -5% 21,046 19,537 18,419 18,603 1% -12% Corporate loans 239,361 252,363 5% 232,462 239,361 241,061 252,363 5% 9% Leasing 7,541 7,452 -1% 7,665 7,541 7,366 7,452 1% -3% Allowances for possible loan losses -19,141 -16,677 -13% -20,558 -19,141 -19,017 -16,677 -12% -19% Allowances for possible loan losses (FX-adjusted) -17,938 -16,677 -7% -18,777 -17,938 -17,719 -16,677 -6% -11% Deposits from customers 631,867 620,596 -2% 610,497 631,867 639,079 620,596 -3% 2% Deposits from customers (FX-adjusted) 590,578 620,596 5% 554,900 590,578 594,124 620,596 4% 12% Retail deposits 518,121 534,229 3% 488,508 518,121 523,088 534,229 2% 9% Retail deposits 473,019 482,440 2% 447,874 473,019 476,456 482,440 1% 8% MSE deposits 45,102 51,789 15% 40,634 45,102 46,631 51,789 11% 27% Corporate deposits 72,457 86,367 19% 66,392 72,457 71,037 86,367 22% 30% Liabilities to credit institutions 24,094 50,514 110% 28,795 24,094 47,283 50,514 7% 75% Issued securities 4,188 3,857 -8% 4,329 4,188 4,239 3,857 -9% -11% Total shareholders' equity 125,921 97,502 -23% 120,014 125,921 107,438 97,502 -9% -19% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 425,870 442,310 4% 425,870 434,618 445,257 442,310 -1% 4% Stage 1 loans under IFRS 9/gross customer loans 85.8% 87.9% 2.0%p 85.8% 87.0% 86.9% 87.9% 1.0%p 2.0%p Own coverage of Stage 1 loans under IFRS 9 1.0% 1.0% 0.0%p 1.0% 1.1% 1.1% 1.0% 0.0%p 0.0%p Stage 2 loan volume under IFRS 9 (in HUF million) 48,897 44,362 -9% 48,897 46,472 48,424 44,362 -8% -9% Stage 2 loans under IFRS 9/gross customer loans 9.9% 8.8% -1.0%p 9.9% 9.3% 9.5% 8.8% -0.6%p -1.0%p Own coverage of Stage 2 loans under IFRS 9 8.4% 9.6% 1.2%p 8.4% 9.1% 9.8% 9.6% -0.2%p 1.2%p Stage 3 loan volume under IFRS 9 (in HUF million) 21,334 16,584 -22% 21,334 18,706 18,480 16,584 -10% -22% Stage 3 loans under IFRS 9/gross customer loans 4.3% 3.3% -1.0%p 4.3% 3.7% 3.6% 3.3% -0.3%p -1.0%p Own coverage of Stage 3 loans under IFRS 9 56.2% 47.2% -9.0%p 56.2% 54.9% 51.9% 47.2% -4.7%p -9.0%p Provision for impairment on loan losses/average gross loans 0.18% 0.07% -0.10%p 0.19% -0.02% -0.26% 0.40% 0.66%p 0.21%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 2.4% 1.9% -0.5%p 2.4% 2.3% 2.1% 1.7% -0.4%p -0.7%p ROE 16.5% 14.9% -1.5%p 16.2% 15.5% 16.2% 13.6% -2.6%p -2.6%p Total income margin 5.15% 4.49% -0.65%p 5.16% 4.98% 4.55% 4.44% -0.11%p -0.72%p Net interest margin 4.39% 3.77% -0.61%p 4.35% 4.18% 3.87% 3.68% -0.19%p -0.67%p Operating costs / Average assets 2.3% 2.2% 0.0%p 2.3% 2.3% 2.2% 2.2% 0.0%p -0.1%p Cost/income ratio 43.7% 49.7% 6.0%p 44.9% 46.0% 49.1% 50.4% 1.3%p 5.5%p Net loans to deposits (FX-adjusted) 78% 78% 0%p 78% 76% 77% 78% 1%p 0%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/ALL (closing) 4.1 3.8 -7% 4.1 4.0 4.0 3.8 -6% -7% HUF/ALL (average) 4.1 3.9 -6% 4.1 4.1 4.0 3.8 -4% -7%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 37/78 In 2Q 2026, OTP Bank Albania preserved its fifth-place position in Albania’s banking sector: its net loan market share stood at 12. 9%, while it achieved a 15% return on equity in the first half of the year. In the first half of 2026, OTP Bank Albania reported profit after tax of HUF 7.8 billion, of which HUF 3.5 billion were generated in the second quarter, representing a 19% q -o-q decline. In local currency, the 1 4% decline in half -year operating profit is attributable to a 4% decrease in total revenue and an 10% increase in operating expenses. The increase in operating expenses for the first half of the year was primarily driven by a 6% rise in personnel costs, which was partly attributable to a 5.5% increase in the average number of employees during the period. In addition, higher operating expenses also contributed to the increase, including, among other things, higher IT costs and regulatory fees. Within total revenue for the first half of this year, net interest income fell short of the level recorded in the first half of last year by 10% (5% in local currency), primarily due to a narrowing of the interest margin, which was partially offset by the expansion of the Bank’s business portfolio. The decline in the margin was primarily driven by the easing interest rate environment: the half -year average yield on the 1-year Albanian discount treasury bill, which is relevant to the Bank, decreased by 26 bps y -o-y (1H 2025 average: 2.75%, average for 1H 2026: 2.49%); in addition, the easing of the EUR interest rate environment also had a negative impact, primarily on EUR -denominated corporate loans. In the second quarter, net interest income in local currency rose by 1% q-o-q, driven primarily by growth in business volumes. Half-year net fee and commission income in local currency decreased by 17%, primarily due to higher costs related to the card business. The proportion of Stage 3 loans continued to decline, falling by 1 pps y-o-y and 0.3 pp q-o-q to 3.3%, with a 47.2% internal coverage ratio. The FX-adjusted performing (Stage 1+2) loans expanded by 8% ytd; within this, the corporate loan portfolio which accounts for more than 55% of the total, grew by 5% ytd, while the retail loan portfolio increased by 13% ytd. Performing loans grew by 6% q-o-q in 2Q, driven by an 8% increase in re tail loans and a 4% increase in corporate loans. The deposits from customers (FX -adjusted) grew by 12% y-o-y, with retail deposits rising by 9%. The net loan to deposit ratio stood at 78% at the end of June 2026.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 38/78 OTP BANK MOLDOVA Performance of OTP Bank Moldova: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 4,420 4,098 -7% 2,237 10,027 2,108 1,991 -6% -11% Adjustments (after tax) 0 0 0 0 0 0 Adjusted profit after tax 4,420 4,098 -7% 2,237 10,027 2,108 1,991 -6% -11% Income tax -691 -542 -22% -355 -1,472 -259 -283 9% -20% Profit before income tax 5,111 4,640 -9% 2,592 11,498 2,367 2,273 -4% -12% Operating profit 5,385 4,992 -7% 2,695 11,456 2,380 2,612 10% -3% Total income 12,590 12,079 -4% 6,305 26,145 6,079 6,000 -1% -5% Net interest income 8,552 9,217 8% 4,282 17,901 4,664 4,553 -2% 6% Net fees and commissions 1,229 783 -36% 627 2,331 350 434 24% -31% Other net non-interest income 2,809 2,079 -26% 1,396 5,913 1,066 1,013 -5% -27% Operating expenses -7,204 -7,088 -2% -3,611 -14,690 -3,700 -3,388 -8% -6% Total provisions -274 -351 28% -103 42 -12 -339 2630% 230% Provision for impairment on loan losses -137 -144 5% 35 404 -4 -139 3030% -500% Other provision -137 -208 52% -137 -361 -8 -200 2407% 45% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 389,355 366,921 -6% 402,768 389,355 381,946 366,921 -4% -9% Gross customer loans 204,662 202,706 -1% 189,333 204,662 208,857 202,706 -3% 7% Gross customer loans (FX-adjusted) 185,920 202,706 9% 166,236 185,920 192,932 202,706 5% 22% Stage 1+2 customer loans (FX-adjusted) 181,954 198,582 9% 162,170 181,954 188,905 198,582 5% 22% Retail loans 84,271 89,958 7% 75,867 84,271 86,195 89,958 4% 19% Retail mortgage loans 41,954 45,920 9% 37,383 41,954 44,004 45,920 4% 23% Retail consumer loans 31,536 32,818 4% 27,744 31,536 31,799 32,818 3% 18% MSE loans 10,781 11,220 4% 10,740 10,781 10,392 11,220 8% 4% Corporate loans 92,382 103,045 12% 81,389 92,382 97,161 103,045 6% 27% Leasing 5,301 5,580 5% 4,914 5,301 5,550 5,580 1% 14% Allowances for possible loan losses -6,370 -6,006 -6% -6,661 -6,370 -6,345 -6,006 -5% -10% Allowances for possible loan losses (FX-adjusted) -5,787 -6,006 4% -5,851 -5,787 -5,863 -6,006 2% 3% Deposits from customers 303,688 282,369 -7% 307,668 303,688 294,886 282,369 -4% -8% Deposits from customers (FX-adjusted) 276,790 282,369 2% 271,257 276,790 272,412 282,369 4% 4% Retail deposits 175,674 178,430 2% 168,071 175,674 177,063 178,430 1% 6% Retail deposits 142,039 147,945 4% 136,443 142,039 145,524 147,945 2% 8% MSE deposits 33,634 30,485 -9% 31,628 33,634 31,539 30,485 -3% -4% Corporate deposits 101,116 103,939 3% 103,186 101,116 95,349 103,939 9% 1% Liabilities to credit institutions 16,113 13,615 -16% 18,637 16,113 16,316 13,615 -17% -27% Total shareholders' equity 65,247 59,206 -9% 69,806 65,247 65,689 59,206 -10% -15% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 165,415 184,705 12% 165,415 181,947 186,344 184,705 -1% 12% Stage 1 loans under IFRS 9/gross customer loans 87.4% 91.1% 3.8%p 87.4% 88.9% 89.2% 91.1% 1.9%p 3.8%p Own coverage of Stage 1 loans under IFRS 9 1.4% 1.4% 0.0%p 1.4% 1.3% 1.3% 1.4% 0.1%p 0.0%p Stage 2 loan volume under IFRS 9 (in HUF million) 19,295 13,877 -28% 19,295 18,355 18,156 13,877 -24% -28% Stage 2 loans under IFRS 9/gross customer loans 10.2% 6.8% -3.3%p 10.2% 9.0% 8.7% 6.8% -1.8%p -3.3%p Own coverage of Stage 2 loans under IFRS 9 9.4% 8.5% -1.0%p 9.4% 8.5% 8.6% 8.5% -0.2%p -1.0%p Stage 3 loan volume under IFRS 9 (in HUF million) 4,623 4,123 -11% 4,623 4,360 4,357 4,123 -5% -11% Stage 3 loans under IFRS 9/gross customer loans 2.4% 2.0% -0.4%p 2.4% 2.1% 2.1% 2.0% -0.1%p -0.4%p Own coverage of Stage 3 loans under IFRS 9 56.1% 54.8% -1.3%p 56.1% 54.6% 52.9% 54.8% 1.9%p -1.3%p Provision for impairment on loan losses/average gross loans 0.15% 0.14% -0.01%p -0.07% -0.21% 0.01% 0.28% 0.27%p 0.35%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 2.1% 2.2% 0.1%p 2.2% 2.5% 2.3% 2.2% -0.1%p 0.0%p ROE 12.9% 13.0% 0.2%p 12.8% 15.0% 13.3% 12.8% -0.5%p -0.1%p Total income margin 6.07% 6.56% 0.49%p 6.22% 6.44% 6.52% 6.60% 0.08%p 0.38%p Net interest margin 4.13% 5.01% 0.88%p 4.22% 4.41% 5.00% 5.01% 0.00%p 0.79%p Operating costs / Average assets 3.5% 3.9% 0.4%p 3.6% 3.6% 4.0% 3.7% -0.2%p 0.2%p Cost/income ratio 57.2% 58.7% 1.5%p 57.3% 56.2% 60.9% 56.5% -4.4%p -0.8%p Net loans to deposits (FX-adjusted) 59% 70% 11%p 59% 65% 69% 70% 1%p 11%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/MDL (closing) 20.2 17.6 -13% 20.2 19.6 19.1 17.6 -7% -13% HUF/MDL (average) 20.9 18.6 -11% 20.7 20.4 19.2 18.0 -6% -13%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 39/78 Amid persistently elevated geopolitical risks, the Moldovan subsidiary generated HUF 4 billion in net profit in the first half of 2026, delivering a 13% ROE. In the rising interest rate environment, the net interest margin improved y -o-y, while loan quality indicators also developed favourably. The Moldovan operation posted HUF 4 billion in net profit in 1H 2026, representing a 4% y -o-y increase in local currency terms. Of this amount, HUF 2 billion was generated in 2Q. Net interest income increased by 21% y -o-y in local currency during the first half : while total assets expanded by 4% in local currency , the net interest margin improved by 88 bps, primarily due to a favourable change in balance sheet composition : this reflected both a higher share of loans within total assets, particularly higher-margin consumer loans, and a lower average weight of higher -yielding corporate deposits in the funding mix. The decline in net fees and commissions during the first half was mainly attributable to seasonal effects impacting fee income related to corporate deposits in the first quarter, as well as weaker foreign exchange conversion fee revenues. The 17% y -o-y decline in other income in local currency terms was primarily the result of lower foreign exchange trading margin income. On a quarterly basis, total income increased by 6% in local currency. Within this, net interest income grew by 5% q-o-q, while net fees and commissions rose by 33% q-o-q, partly reflecting a recovery from the seasonally weaker first quarter. Operating expenses increased by 10% y -o-y in local currency during 1H 2026, mainly due to wage inflation. In 2Q, operating expenses declined by 2% q -o-q in local currency terms. The Stage 3 loan ratio decreased by 0.4 pp y-o-y to 2.0%. The first-half cost of risk amounted to 14 bps. The FX -adjusted stock of performing loans (Stage 1 +2) increased by 9% ytd, driven by 7% growth in retail loans, 11% growth in corporate (including MSE) loans, and 5% growth in the leasing portfolio. On a quarterly basis, the performing loan portfolio expanded by 5%, with corporate (including MSE) loans increasing by 6% and retail loans by 4%. FX-adjusted deposits increased by 2% ytd, supported by 4% growth in retail deposits, while corporate (including MSE) deposits remained broadly unchanged. On a quarterly basis, total deposits grew by 4%, mainly driven by a 6% increase in corporate deposits (including MSE). The net loan -to-deposit ratio stood at 70% at the end of 2Q 2026, representing an 11 pps increase y-o-y.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 40/78 OTP BANK RUSSIA Performance of OTP Bank Russia: Main components of P&L account in HUF million 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Profit after tax 108,611 106,443 -2% 47,491 201,783 50,354 56,089 11% 18% Adjustments (after tax) 0 0 0% 0 0 0 0 0% 0% Adjusted profit after tax 108,611 106,443 -2% 47,491 201,783 50,354 56,089 11% 18% Income tax1 -49,505 -35,824 -28% -25,050 -94,203 -16,881 -18,942 12% -24% Profit before income tax 158,116 142,267 -10% 72,541 295,986 67,235 75,031 12% 3% Operating profit 209,701 188,504 -10% 106,360 415,346 88,339 100,165 13% -6% Total income 268,927 274,912 2% 137,768 544,919 131,788 143,124 9% 4% Net interest income 139,270 182,941 31% 72,925 296,644 88,264 94,677 7% 30% Net fees and commissions 39,938 32,263 -19% 20,992 73,390 14,954 17,309 16% -18% Other net non-interest income 89,719 59,708 -33% 43,850 174,885 28,570 31,139 9% -29% Operating expenses -59,225 -86,408 46% -31,407 -129,573 -43,449 -42,959 -1% 37% Total provisions -51,585 -46,237 -10% -33,819 -119,360 -21,104 -25,134 19% -26% Provision for impairment on loan losses -56,071 -47,553 -15% -34,907 -121,845 -21,800 -25,753 18% -26% Other provision 4,487 1,315 -71% 1,088 2,485 697 619 -11% -43% Main components of balance sheet closing balances in HUF million 2025 1H 2026 YTD 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total assets 3,320,292 3,578,714 8% 3,068,730 3,320,292 3,476,748 3,578,714 3% 17% Gross customer loans 1,732,713 1,803,069 4% 1,593,252 1,732,713 1,802,735 1,803,069 0% 13% Gross customer loans (FX-adjusted) 1,677,995 1,803,069 7% 1,464,745 1,677,995 1,733,151 1,803,069 4% 23% Stage 1+2 customer loans (FX-adjusted) 1,561,935 1,679,256 8% 1,383,601 1,561,935 1,607,293 1,679,256 4% 21% Retail loans 1,559,030 1,677,451 8% 1,379,579 1,559,030 1,605,330 1,677,451 4% 22% Retail mortgage loans 772 630 -18% 959 772 693 630 -9% -34% Retail consumer loans 1,558,259 1,676,821 8% 1,378,619 1,558,259 1,604,637 1,676,821 4% 22% MSE loans 0 0 -26% 2 0 0 0 21% -100% Corporate loans 2,904 1,806 -38% 4,022 2,904 1,963 1,806 -8% -55% Allowances for possible loan losses -235,528 -240,688 2% -184,449 -235,528 -248,088 -240,688 -3% 30% Allowances for possible loan losses (FX-adjusted) -228,055 -240,688 6% -169,557 -228,055 -238,449 -240,688 1% 42% Deposits from customers 2,700,943 2,903,979 8% 2,474,887 2,700,943 2,825,595 2,903,979 3% 17% Deposits from customers (FX-adjusted) 2,608,822 2,903,979 11% 2,272,771 2,608,822 2,708,870 2,903,979 7% 28% Retail deposits 909,180 973,415 7% 695,347 909,180 862,953 973,415 13% 40% Retail deposits 723,660 840,402 16% 518,752 723,660 730,273 840,402 15% 62% MSE deposits 185,520 133,013 -28% 176,595 185,520 132,680 133,013 0% -25% Corporate deposits 1,699,643 1,930,564 14% 1,577,424 1,699,643 1,845,917 1,930,564 5% 22% Liabilities to credit institutions 57,730 28,164 -51% 40,886 57,730 26,005 28,164 8% -31% Subordinated debt 8,763 8,686 -1% 9,259 8,763 9,308 8,686 -7% -6% Total shareholders' equity 440,246 547,903 24% 428,569 440,246 508,589 547,903 8% 28% Loan Quality 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Stage 1 loan volume under IFRS 9 (in HUF million) 1,325,546 1,493,917 13% 1,325,546 1,414,012 1,478,010 1,493,917 1% 13% Stage 1 loans under IFRS 9/gross customer loans 83.2% 82.9% -0.3%p 83.2% 81.6% 82.0% 82.9% 0.9%p -0.3%p Own coverage of Stage 1 loans under IFRS 9 3.7% 4.4% 0.7%p 3.7% 4.6% 4.5% 4.4% -0.1%p 0.7%p Stage 2 loan volume under IFRS 9 (in HUF million) 179,427 185,339 3% 179,427 198,816 193,742 185,339 -4% 3% Stage 2 loans under IFRS 9/gross customer loans 11.3% 10.3% -1.0%p 11.3% 11.5% 10.7% 10.3% -0.5%p -1.0%p Own coverage of Stage 2 loans under IFRS 9 29.5% 32.0% 2.5%p 29.5% 29.9% 30.8% 32.0% 1.2%p 2.5%p Stage 3 loan volume under IFRS 9 (in HUF million) 88,279 123,813 40% 88,279 119,885 130,982 123,813 -5% 40% Stage 3 loans under IFRS 9/gross customer loans 5.5% 6.9% 1.3%p 5.5% 6.9% 7.3% 6.9% -0.4%p 1.3%p Own coverage of Stage 3 loans under IFRS 9 93.0% 93.2% 0.2%p 93.0% 93.2% 93.3% 93.2% -0.1%p 0.2%p Provision for impairment on loan losses/average gross loans 7.9% 5.3% -2.7%p 9.1% 7.9% 5.0% 5.6% 0.6%p -3.5%p Performance Indicators (adjusted) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y ROA 7.5% 6.1% -1.4%p 6.2% 6.6% 6.0% 6.2% 0.2%p 0.0%p ROE 54.9% 41.8% -13.1%p 44.4% 48.7% 42.2% 41.4% -0.9%p -3.1%p Total income margin 18.57% 15.78% -2.79%p 17.93% 17.90% 15.73% 15.83% 0.10%p -2.09%p Net interest margin 9.62% 10.50% 0.89%p 9.49% 9.75% 10.54% 10.47% -0.06%p 0.98%p Operating costs / Average assets 4.1% 5.0% 0.9%p 4.1% 4.3% 5.2% 4.8% -0.4%p 0.7%p Cost/income ratio 22.0% 31.4% 9.4%p 22.8% 23.8% 33.0% 30.0% -3.0%p 7.2%p Net loans to deposits (FX-adjusted) 57% 54% -3%p 57% 56% 55% 54% -1%p -3%p FX rates (in HUF) 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y HUF/RUB (closing) 4.3 4.0 -8% 4.3 4.1 4.2 4.0 -4% -8% HUF/RUB (average) 4.2 4.2 -1% 4.4 4.2 4.2 4.2 0% -5% 1The Corporate income tax line includes the corporate income tax in the Russian segment, as well as the dividend taxes incurre d at other members of OTP Group because of the Russian Group members’ dividend payment.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 41/78 OTP Group’s strategic goals in Russia have not changed: the most important consideration is to comply with every relevant rule and regulation including sanctions, while maintaining the reduced scope of activities to less sensitive segments and financial services. Within lending, the focus remains on retail consumer loans, while the parent bank continues to pursue a further reduction of its exposure to Russia. In the context of the latter, at the end of 2022, the Russian operation paid back the full amount of its expiring intergroup liabilities. In addition, based on individual approvals granted by the Central Bank of Russia, a total of RUB 67.7 billion in dividends was paid between September 2023 and September 2025. No dividend payment has been made in 2026 so far. OTP Bank Russia generated HUF 106.4 billion adjusted profit after tax in 1H 2026, while 2Q profit after tax amounted to HUF 56.1 billion. In 1H 2026, net interest income increased by 34% y-o-y in RUB terms, supported by growing business volumes and a 89 bps improvement in net interest margin. Margin expansion was underpinned by the repricing of deposits in line with central bank rate cuts, while the consumer loan portfolio carries fixed interest rates and its weight within total assets increased y-o-y. The key policy rate declined from 21% at end-June 2025 to 16% by year -end 2025, and further to 14.25% by end -June 2026. Semi-annual n et fees and commissions declined by 17% y -o-y, primarily due to lower corporate transaction activity. In 2Q, t he q -o-q increase was mainly driven by fee revenues associated with the expanding retail loan portfolio. Semi-annual other net non-interest income decreased by 32% y -o-y, reflecting the trend -like decline in FX conversion volumes. Half-year o perating expenses increased by 49% y-o-y in RUB terms, largely due to persistently high inflation and wage inflation, as well as a sharp rise in IT costs. By now, 80% of consumer loan sales are completed through digital channels. 1H risk costs declined by 8% y -o-y. In 2Q, t he 20% q-o-q increase was partly attributable to higher car loan disbursements, while portfolio quality remained stable. In 2Q, HUF 12 billion worth of non -performing loans were sold; as a result, the Stage 3 ratio improved by 0.4 ppt q -o-q. The performing (Stage 1+2) consumer loan portfolio expanded by 8% ytd and by 4% q -o-q (FX-adjusted). By the end of June 2026, the performing corporate loan portfolio made up a marginal slice (0.1%) of total loans, in line with the management’s decision in 2022 to wind down the corporate lending activity. The FX-adjusted deposit base grew by 11% ytd and 7% q -o-q. The majority of the corporate deposit portfolio, which expanded by 9% since the beginning of the year, is linked to foreign ‑owned multinational clients.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 42/78 STAFF LEVEL AND OTHER INFORMATIO N 31/12/2025 30/06/2026 Branches ATM POS Headcount (closing) Branches ATM POS Headcount (closing) OTP Core 301 1,987 150,158 11,732 299 1,929 149,868 11,459 DSK Group (Bulgaria) 274 955 20,994 5,319 271 952 22,641 5,301 OTP Bank Slovenia 74 390 13,001 2,117 69 384 12,830 2,100 OBH (Croatia) 102 439 9,955 2,389 99 455 9,604 2,380 OTP Bank Serbia 153 301 32,040 2,664 149 306 34,295 2,581 Ipoteka Bank (Uzbekistan) 39 811 45,918 4,668 39 811 40,351 4,705 OTP Bank Ukraine 68 167 373 2,298 66 169 374 2,280 CKB Group (Montenegro) 26 106 11,603 597 24 106 12,116 608 OTP Bank Albania 49 157 3,234 761 50 187 3,477 783 OTP Bank Moldova 52 173 1,398 882 52 171 1,537 874 OTP Bank Russia 58 136 97 6,617 59 149 95 6,912 Foreign subsidiaries, total 895 3,635 138,613 28,311 878 3,690 137,320 28,524 Other Hungarian and foreign subsidiaries 802 1,107 OTP Group (aggregated) 1,196 5,622 288,771 40,846 1,177 5,619 287,188 41,089 Definition of headcount number: closing, active FTE (full -time employee). The employee is considered as full -time employee in case his/her employment conditions regarding working hours are in line with a full -time employment defined in the Labour Code in t he reporting entity's country. Part-time employees are taken into account proportional to the full -time working hours being effective in the reporting entity’s country. The other Hungarian and foreign subsidiaries , and the OTP Group lines do not contain the headcount of agricultural businesses. PERSONAL CHANGES On 17 April 2026, t he Annual General Meeting elected Dr. Sándor Csányi, Péter Csányi, László Wolf, Tamás György Erdei, Gabriella Balogh, György Nagy, Dr. Márton Gellért Vági and Dr. József Zoltán Vörös as members of the Board of Directors of OTP Bank Plc. Their mandates shall last until the Annual General Meeting of the Company closing the 2030 business year, but no later than 30 April 2031. On 17 April 2026, t he Annual General Meeting elected Tibor Tolnay, Dr. József Gábor Horváth, Dr. Tamás Gudra and Catherine Paule Granger -Ponchon as members of the Supervisory Board of OTP Bank Plc. Their mandates shall last until the Annual General Meeting of the Company closing the 2028 business year, but no later than 30 April 2029. On 17 April 2026, t he Annual General Meeting elected Tibor Tolnay, Dr. József Gábor Horváth, Dr. Tamás Gudra and Catherine Paule Granger -Ponchon as members of the Audit Committee of OTP Bank Plc. Their mandates shall last until the Annual General Meeting of the Company closing the 2028 business year, but no later than 30 April 2029. On 17 April 2026, w ith respect to the audit of the Company’s separate and consolidated annual financial statements prepared in accordance with International Financial Reporting Standards for the 2026 financial year, the Annual General Meeting elected Ernst & Young Ltd. (regi stered auditor No. 001165, H ‑1132 Budapest, Váci út 20.) as the Company’s statutory auditor for the period from 1 May 2026 to 30 April 2027. On 17 April 2026, w ith respect to the audit providing assurance on the Company’s sustainability report for the 2025 business year, the Annual General Meeting elected Ernst & Young Ltd. (registered auditor No. 001165, H‑1132 Budapest, Váci út 20.) until the Annual General Meeting approving the financial statements closing the 2026 business year, but no later than 30 April 2027.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 43/78 CORPORATE STRATEGY OTP Group is the leading universal banking group in Central and Eastern Europe, and one of the most successful financial institutions in Europe. OTP Group’s strategic objective is to meet the needs and expectations of its customers, investors, and employees at the highest possible level, and to set a positive example from an environmental, social and corporate governance perspective even at interna tional level. Our skilled and helpful staff, state -of-the-art IT solutions, and universal yet customisable product offering make us a trustworthy partner for customers in ten countries of the Central and Eastern European region, and in Uzbekistan in Central Asia. The impressive performance of our employees and the value they create are important building blocks of OTP Group's results. We provide regular training courses to support our highly qualified professionals. OTP Group’s innovations also enhance our competitiveness and contribute to further strengthening our international position. The pillars of our strategy are stability & sustainability, growth, innovation and profitability. Stability & sustainability OTP Group’s excellent capital and liquidity position provide the fundamentals for stable operation and growth throughout economic cycles. In addition to full compliance with European and local regulations, we promote transparency and prudence, while laying great emphasis to maintaining stability at all times. OTP Group is committed to enforcing sustainability principles in its socio -economic role and in serving customers, as well as in its own operations. Accordingly, OTP Group aims to be the regional leader in financing a fair and gradual transition to a low-carbon economy and building a sustainable future through our responsible solutions. As part of our social activities, we make a positive impact through our financial awareness raising and donation programmes, and extensive civil society partnerships. As a responsible employer, we have designed complex programmes for employee well - being. Growth We believe in the future of the Central and Eastern European region and intend to actively contribute to its progress. Our products and services are designed to help the region grow faster than the EU average. We aim to increase our market share on all our markets through organic growth and acquisitions. In Uzbekistan, our aim is to become the leading retail bank in this underpenetrated market by capitalizing on growth opportunities , while also supporting the development and trans formation of the local economy. Our acquisition strategy is based on creating shareholder value by achieving optimal scale of economics and leveraging OTP's expertise in the regional markets. We keep exploring new acquisition opportunities, primarily in the CEE region, and in other countries with high growth potential, too. Innovation To meet our customers' needs, we develop convenient and contemporary services that are easy and fast to access anytime, from anywhere. OTP Bank's innovations are popular for a good reason – millions of customers use our products and services regularly. Digital developments contribute to enhancing customer experience as well as to improving the efficiency of business processes. To explore new directions and opportunities, we have established o ur own futurology team and are incorporating best practices. We have hundreds of developments underway. We are partnering with the region’s leading fintech companies and have made considerable progress in building beyond -banking ecosystems, in addition to building our own successful fintech company as well. Profitability Profitability is crucial for maintaining stable operations, as well as for continuous development and renewal. Our long -term profitability is underpinned by the revenue margin supported by excellent customer experience and cost -efficient processes, along w ith geographical diversification, which has been increasing in recent years. The market recognizes our success in creating shareholder value through favourable valuation compared to European and regional peers
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 44/78 ASSET-LIABILITY MANAGEMENT Similar to previous periods OTP Group maintained a strong and safe liquidity position… The primary objective of OTP Bank in terms of asset - liability management has not changed, that is to ensure that the Group’s liquidity is maintained at a safe level. Refinancing sources of the European Central Bank are available for OTP (ECB repo eligible securities portfolio on Group level exceeded EUR 10.6 billion). Total liquidity reserves of OTP Bank remained steadily and substantially above the safety level. As of 30 June 2026, the gross liquidity buffer was around EUR 13.9 billion equivalent. The level of these buffers is significantly higher than the maturing debt within one year and the reserves required to manage possible liquidity shocks. As of 30 June 2026, OTP Group’s consolidated liquidity coverage (LCR) ratio was 212%, while NSFR compliance has remained comfortable (151%). The periodic changes in the issued securities, as well as in the subordinated and loans balance sheet line, are presented in the Executive summary section. …and kept its interest -rate risk exposures low The Bank has an interest -rate risk exposure resulting from its business operations, particularly stemming from the liabilities which respond to yield change s only to a moderate extent. The Bank considers the reduction of interest rate risk and closing of this exposure as a strategic matter. The HUF interest rate risk sensitivity slightly increased from basically closed levels in previous year but remained moderate in 2026. The sensitivity of HUF net interest income to 1% -point decline in interest rates is approximately -HUF 23 billion. The upcoming maturities of the long-term HUF liquid asset portfolio and the operating profit generation cause the variable rate asset surplus to increase over time, which is mitigated by the purchase of long -term fixed- rate securities and the execution of fixed receiver interest rate swaps. In case of EUR denominated volumes the Group has relatively higher variable rate asset surplus compared to the HUF position, thus an open interest rate risk position, which slightly decreased in 2026. The impact of 1%-point change in EUR interest rates on EUR net interest income exceeds EUR 120 million, which is practically symmetric in the case of upward and downward rate changes. The Group continued to purchase fixed rate EUR assets in 2026 in order to hedge the Group’s net interest income from the negative effects of decreasing EUR yields. Market Risk Exposure of OTP Group The consolidated capital requirement of the trading book positions, the counterparty risk and the FX risk exposure represented HUF 49.9 billion in total. OTP Group is an active participant of the international FX and derivative market. Open FX positions of group members are restricted to individual and global net open position limits (overnight and intraday), and to stop-loss limits. The open positions of t he group members outside were negligible measured against either the balance sheet total or the regulatory capital. Therefore, the group level FX exposure was concentrated at OTP Bank. In order to mitigate the FX rate sensitivity of the consolidated shareholders’ equity, OTP Bank Plc. has opened a short euro open FX position; the revaluation result of which is recognized directly against equity .
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 45/78 STATEMENT ON CORPORATE GOVERNANCE PRACTICE Corporate governance practice OTP Bank Plc., being registered in Hungary, has a corporate governance policy that complies with the provisions on companies of the act applicable (Civil Code). As the company conducts banking operations, it also adheres to the statutory regulations pertaining to credit institutions. Beyond fulfilling the statutory requirements, as a listed company on the Budapest Stock Exchange (BSE), the company also makes an annual declaration on its compliance with the BSE’s Corporate Governance Recommendations. After being approved by the General Meeting, this declaration is published on the websites of both the Stock Exchange ( www.bet.hu) and the Bank (www.otpbank.hu). System of internal controls OTP Bank Plc., as a provider of financial and investment services, operates a closely regulated and state-supervised system of internal controls. OTP Bank Plc. has detailed risk management regulations that include every type of risk (credit, country, counterparty, market, liquidity, operational, compliance) which are consistent with the statutory regulations pertaining to prudential banking operatio n. The Bank Group pays special attention to the management of ESG risks and the implementation of climate protection aspects in business practice. Its risk management system encompasses the identification of the risks, assessment of their impact, elaboration of the necessary action plans, and the monitoring of their effectiveness and results. The business continuity framework is intended to provide for the continuity of services. Developed on the basis of international methodologies, the lifecycle model includes process evaluation, action plan development for critical processes, the regular rev iew and testing of these, as well as related DRP activities. OTP Bank Plc.'s internal audit function consists of several modular control levels. The elements of the internal audit system are comprised of in -process controls and management controls, and an independent internal audit and management information system. As one of the internal lines of defence of priority importance, the independent internal audit unit assists in the legally compliant and effective management of assets and liabilities and the protection of property; it supports secure business operation, the effective operation of internal control systems, the minimisation of risks, and it also detects and reports differences and deviations from the provisions of the statutory regulations and internal policies and their underlying causes, makes recommendations for the elimination and prevention of deficiencies and for strengthening controls, and monitors the implementation of the measures. The independent internal audit makes group -level reports on its internal auditing activities and results for the management bodies at quarterly and annual intervals. The independent internal audit reports annually to the Supervisory Board, the Board of Directors and the Risk Assumption and Risk Management Committee with the prior opinion of the Audit Committee, on the operation of risk management, internal control mechanisms and corporate governance functions. In addition, in line with the provisions of the Cre dit Institutions Act, reports, once a year, to the Supervisory Board and the Board of Directors on the regularity of internal audit tasks, professional requirements and the conduct of audits, and on the review of compliance with IT and other technical cond itions needed for the audits. Furthermore, it reports annually to the Supervisory Board on the functioning of the Single Internal Audit System at the Parent Bank and the companies under its professional supervision, as well as on the planned developments of that system. In line with the regulations of the European Union, the applicable Hungarian laws and supervisory recommendations, OTP Bank Plc. operates an independent organisational unit with the task of identifying and managing compliance risks. The Compliance Directorate prepares a report quarterly to the Board of Directors and to the Supervisory Board, about the Bank’s and the Bank Group’s compliance activities and position. General Meeting The supreme body of OTP Bank Plc. shall be the General Meeting consisting of the shareholders. The Articles of Association regulate the manner of convocation and operation of the General Meeting, the manner of participation, and of the exercise of voting rights, and comply fully with both general and special statutory requirements. Information on the General Meeting is available in the Corporate Governance Report.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 46/78 Committees Members of the Board of Directors Dr. Sándor Csányi – Chairman Tamás Erdei – Deputy Chairman Gabriella Balogh Mihály Baumstark – until 17 April 2026 Péter Csányi Dr. István Gresa – until 17 April 2026 Antal Kovács – until 17 April 2026 György Nagy Dr. Márton Gellért Vági Dr. József Vörös László Wolf Members of the Supervisory Board Tibor Tolnay – Chairman Dr. József Gábor Horváth – Deputy Chairman Klára Bella Dr. Tamás Gudra András Michnai Granger-Ponchon Catherine Paule Members of the Audit Committee Dr. József Gábor Horváth – Chairman Tibor Tolnay – Deputy Chairman Dr. Tamás Gudra Granger-Ponchon Catherine Paule The résumés of the board and committee members are available in the Corporate Governance Report/Annual Report. Operation of the executive boards OTP Bank Plc. has a dual governance structure, in which the Board of Directors is the Company’s executive management body in its managerial function, while the Supervisory Board is the management body in its supervisory function of the Company. It controls the supervision of the lawfulness of the Company’s operation, its business practices and management, performs oversight tasks and accepts the provisions of the Bank Group's Remuneration Policy. The effective operation of Supervisory Board is supported by the Audit Committee, as a committee, which also monitors the internal audit, the risk management, the reporting systems, the activities aimed at providing assurance on the sustainability report and the auditing activities. In order to assist the performance of the governance functions the Board of Directors founded and operates, as permanent or other committees, such as the Management Committee, the Executive Steering Committee, the Remuneration Committee, the Nomination Committee and the Risk Assumption and Risk Management Committee. To ensure effective operation OTP Bank Plc. also has a number of further permanent committees. OTP Bank Plc. gives an account of the activities of the executive boards and the committees every year in its Corporate Governance Report. The Board of Directors held 3, the Supervisory Board held 5 meetings, while the Audit Committee held 2 meetings in the first half of 2026. In addition, resolutions were passed by the Board of Directors on 79, by the Supervisory Board on 42 and by the Audit Committee on 16 occasions by written vote.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 47/78 ENVIRONMENTAL POLICY, ENVIRONMENTAL ACTIONS 6 OTP Group’s operations require the use of natural resources and energy; however, the majority of the Group’s environmental impact stems from indirect effects associated with its core financial service activities. Among the environmental impacts related to its operations, OTP Gro up considers greenhouse gas (GHG) emissions to be the most significant, yet it strives to mitigate its environmental footprint beyond this aspect alone. GHG emissions contribute to climate change, which adversely affects the natural environment and the state of ecosystems, making the reduction of its own emissions and the implementation of measures to mitigate climate change key priorities for OTP Group. Furthermore, OTP Bank’s environmental practices serve to shape attitudes, and the consistent applicat ion of environmental awareness in operations is a crucial element of the leadership role the Bank aims to assume in the region’s green transition. OTP Group pursues its environmental objectives in two ways: by mitigating the environmental impact of its own operations and through its financial services. Managing environmental risks associated with financial services and capitalizing on business opportunities linked to environmental and social sustainability take place within the framework of the ESG strategy, which provides guidance on integrating environmental considerations into business decisions and supporting the transition to a sustainable economy. OTP Bank contributes to reducing the environmental impact of its operations through the following activities: • Efficient use of resources • Energy-efficiency investments • Purchase of green electricity and use of renewable energy sources • Reducing paper consumption through digitalization and using recycled paper • Rationalizing business travel • Improving waste management • Transparent reporting on the environmental impacts of operations • Awareness-raising activities among employees and customers OTP Bank operates in full compliance with environmental regulations; no fines were imposed in this regard during the first half of 2026. Environmental activities are governed by the Environmental Policy. OTP Bank prepares an annual internal report on the environmental impact of its operations, which is approved by the executive responsible for this area. To enhance both work-related and general 6 The OTP Group reports its sustainability data on an annual basis, thus presenting data as of 31 December 2025. 7 Network for Greening the Financial System environmental knowledge, every OTP Bank employee receives environmental training every two years. Measures supporting energy consumption reduction To reduce its energy consumption and greenhouse gas emissions, OTP Group continuously works on improving the energy efficiency of its operations and increasing the share of renewable energy sources. A significant portion of electricity consumption is covered by green energy, while the largest share of operational emissions cont inues to originate from natural gas consumption and fuel use of the vehicle fleet. In 2025, OTP Bank adopted a decarbonization plan targeting reductions in its Scope 1 and Scope 2 emissions from direct operations. The plan sets targets for emissions related to the real estate portfolio and vehicle fleet with a target year of 2030, considering NGFS 7 scenarios, as well as the feasibility and ambition level of the targets. The design of the plan allows for its future extension to the entire OTP Group. Measures aimed at reducing energy consumption primarily focus on modernization of the building portfolio, upgrading technical systems, and expanding the use of green energy. Members of OTP Group regularly implement energy -efficiency investments, including modernization of heating and cooling systems, installation of LED lighting, building automation improvements, application of motion sensors, and installation of solar power systems at certain locations. Environmental impact reduction is also an important c onsideration when procuring new equipment. The increasing use of green electricity, rationalization of vehicle usage, and employee awareness -raising initiatives supporting energy -efficient operations also contribute to reducing operational energy consumption. Several Group members have launched educational programs tailored to local conditions to promote energy -efficient office use and conscious operation of building engineering systems. At Group level, the procurement of green electricity continues to be one of the most significant emission - reduction measures. In addition, energy -efficiency upgrades and the gradual electrification of vehicle fleets are ongoing at several subsidiaries. The results of these measures are regularly monitored by Group members to ensure a long -term downward trend in energy consumption and related emissions.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 48/78 In 2025, n atural gas consumption increased by 20%, while fuel consumption related to vehicles decreased by 4% and district heating consumption decreased by 9% compared to the previous year . The use of non - renewable electricity decreased by 14% compared to 2024. In 2025, OTP Bank sought to partially offset its Scope 1 and Scope 2 emissions through the purchase of carbon credits. The Bank purchased a total of 7,000 tCO₂ of carbon credits, which was 764 tCO ₂e below the preliminarily determined total Scope 1 and Scope 2 emissions for 2025. The purchased and retired credits were certified under the Verified Carbon Standard (VCS) operated by Verra. The Bank considers it important that projects supported through carbon offsetting are implemented in countries where OTP Group operates; therefore, in 2025 it once again selected a Bulgarian project. The Saint Nikola Wind Farm, located near the city of Kavarna, is the largest wind farm in the country. To reduce emissions from its vehicle fleet, OTP Group continues to maintain maximum carbon dioxide emission limits for vehicle purchases. At the beginning of 2026, these limits were increased only for Category “A” vehicles, while electric and hybrid vehicles remained available in all categories. During the first half of 2026, OTP Bank acquired 19 hybrid and 10 electric vehicles. In addition, the share of hybrid-powered vehicles continued to increase gradually acros s subsidiary banks. OTP Bank and its subsidiary banks also support the adoption of sustainable transportation modes. For this purpose, bicycle storage facilities are available at several headquarters buildings and bank branches, enabling employees and customers to use alterna tive means of transportation. At branches, installation typically requires approval from local municipalities, which may make implementation more challenging. The amount of energy consumption is presented for OTP Bank only. Energy consumption within the organisation (GJ), OTP Bank* 2024 2025 Total energy consumption 244,012 255,061 Total energy consumption per employee 22.55 23.09 *The energy consumption data are derived from metering; solar energy and part of the heat pump energy is estimated based on manufacturer information in the absence of a meter. Where necessary, we used the calorific values taken from the National Inventory R eport (NIR) from 2022 onwards, and previously the EU regulation and DEFRA values, to convert the consumed quantities into energy. Environmentally conscious use and waste management OTP Bank follows the principle of using equipment, devices and machine s for as long as reasonably possible. Furniture is reused several times , and interchangeability is ensured. Waste collection practices remained unchanged in 2025. The handling and separate collection of hazardous waste, as well as documents containing business secrets, are ensured throughout OTP Group in compliance with applicable legal requirements. For non-confidential paper, plastic, metal and other waste streams, the implementation of selective waste collection varies among Group members, taking into account local operational and infrastructural conditions. Overall, the practice is primarily characteristic of headquarters offices and larger sites, where selective waste collection is being gradually expanded. As part of its efforts to support the circular economy and strengthen environmental awareness, OTP Bank installed a MOHU REpont reverse vending machine at its M12 headquarters in early 2025. The machine facilitates the collection and return of deposit -bearing beverage containers placed on the market under Hungary's mandatory Deposit Return System (DRS), including plastic bottles, metal cans and glass containers. Awareness raising OTP Group members promote environmental awareness and the pr eservation of natural values through numerous programs, awareness -raising campaigns and active involvement of employees year after year. In addition to awareness -raising activities, the Bank also seeks to reduce and offset its remaining environmental impacts. OTP Bank currently offset s part of its remaining emissions through the purchase of carbon credits; however, in the future, where feasible, it intends to shift towards nature -based solutions. The OTP Green Forest project forms part of this effort and is being implemented in cooperation with Pilisi Parkerdő Zrt., while scientific validation is provided by the Institute of Environmental and Nature Conservation at the University of Sopron . The initiative goes beyond merely offsetting OTP Bank’s own greenhouse gas emissions. Its primary focus is on enhancing biodiversity and ecosystem services while also increasing carbon sequestration capacity. The ten -year project is supported by a total of HUF 228 million in funding.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 49/78 Disclaimers This Report 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 “p lans", "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 projectio ns 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 Report wi ll actually occur. You are cautioned not to place undue reliance on these forward -looking statements which only speak as of the date of this Report. 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 Report shall not, under any circumstances, cr eate any implication that there has been no change in the business or affairs of OTP Bank since the date of this Report or that the information contained herein is correct as at any time subsequent to its date. This Report does not constitute or form part of any offer to purchase or subscribe for any securities. The making of this Report does not constitute a recommendation regarding any securities. The distribution of this Report in other jurisdictions may be restricted by law and persons into whose possession this Report comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may consti tute a violation of the laws of other jurisdictions. The information contained in this Report is provided as of the date of this Report and is subject to change without notice.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 50/78 STATEMENT OTP Bank Plc. hereby informs capital market participants that the Half -Year Financial Report on the first half of 2026 results has been completed, which will be published in full in the form of this document on 5 August 2026, on the website of the Budapest Stock Exchange Ltd. (www.bet.hu), on the website operated by the National Bank of Hungary (kozzetelek.mnb.hu), and on the website of OTP Bank (www.otpbank.hu). OTP Bank Plc. hereby declare that, to the best of our knowledge, the Half-Year Financial Report on the first half of 2026 results which has been prepared in accordance with the applicable accounting standards, present a true and fair view of the assets, liabilities, financial position and profit and loss of OTP Bank Plc. and its consolidated subsidiaries and associates, and give a fair view of the position, development and performance of OTP Bank Plc. and its consolidated subsidiaries and associates, describing the principal risks and uncertainties, and do not conceal facts or information which are relevant to the evaluation of the Issuer’s position. OTP Bank Plc. hereby declares that the Half-Year Financial Report on the first half of 2026 results has not been audited by an independent auditor. Budapest, 4 August 2026
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 51/78 FINANCIAL DATA
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 52/78 OTP BANK SEPARATE IFRS STATEMENT OF FINANCIAL POSITION in HUF million 30/06/2026 31/12/2025 30/06/2025 change ytd change y-o-y Cash, amounts due from banks and balances with the National Bank of Hungary 2,649,067 1,359,760 2,875,881 95% -8% Placements with other banks, net of allowance for placement losses 3,858,391 3,161,544 2,919,886 22% 32% Repo receivables 169,927 322,368 314,765 -47% -46% Financial assets at fair value through profit or loss 652,223 350,781 278,091 86% 135% Financial assets at fair value through other comprehensive income 1,601,949 1,265,443 809,624 27% 98% Securities at amortised cost 4,008,326 3,368,087 3,558,941 19% 13% Loans at amortised cost 5,262,754 5,135,324 4,795,750 2% 10% Loans mandatorily measured at fair value through profit or loss 1,127,508 1,082,688 1,043,166 4% 8% Investments in subsidiaries 2,144,617 2,170,130 2,189,141 -1% -2% Property and equipment 124,664 120,331 112,557 4% 11% Intangible assets 195,974 190,825 168,734 3% 16% Right of use assets 55,779 58,916 56,897 -5% -2% Investments properties 4,257 4,332 4,397 -2% -3% Current tax assets 2,800 0 0 Deferred tax asset 0 568 0 Derivative financial assets designated as hedge accounting relationships 22,894 27,099 49,211 -16% -53% Other assets 548,506 383,177 430,344 43% 27% TOTAL ASSETS 22,429,636 19,001,373 19,607,385 18% 14% Amounts due to banks and deposits from the National Bank of Hungary and other banks 1,950,777 1,656,367 1,823,395 18% 7% Repo liabilities 1,798,933 377,532 660,804 376% 172% Deposits from customers 12,386,637 11,391,727 11,462,483 9% 8% Fair value changes of the hedged items in portfolio hedge of interest rate risk 26,975 471 4,354 5627% 520% Leasing liabilities 56,873 62,640 61,765 -9% -8% Liabilities from issued securities 1,287,070 1,341,250 1,416,717 -4% -9% Financial liabilities at fair value through profit or loss 15,697 15,279 15,695 3% 0% Derivative financial liabilities designated as held for trading 217,832 94,022 139,621 132% 56% Derivative financial liabilities designated as hedge accounting relationships 107,163 6,682 42,800 1504% 150% Deferred tax liabilities 4,094 0 2,221 84% Current tax assets 7,839 18,589 9,388 -58% -16% Provisions 32,099 50,347 24,437 -36% 31% Other liabilities 625,990 483,161 536,709 30% 17% Subordinated bonds and loans 818,350 493,587 503,687 66% 62% TOTAL LIABILITIES 19,336,329 15,991,654 16,704,076 21% 16% Share capital 28,000 28,000 28,000 0% 0% Retained earnings and reserves 3,063,906 2,646,374 2,647,228 16% 16% Profit after tax 399,077 663,259 433,508 -40% -8% Treasury shares -397,676 -327,914 -205,427 21% 94% TOTAL SHAREHOLDERS' EQUITY 3,093,307 3,009,719 2,903,309 3% 7% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 22,429,636 19,001,373 19,607,385 18% 14%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 53/78 CONSOLIDATED IFRS STATEMENT OF FINANCIAL POSITION in HUF million 30/06/2026 31/12/2025 30/06/2025 change ytd change y-o-y Cash, amounts due from banks and balances with the National Banks 6,180,434 4,965,635 7,147,996 24% -14% Placements with other banks 959,926 1,991,489 856,733 -52% 12% Repo receivables 157,757 237,144 356,606 -33% -56% Financial assets at fair value through profit or loss 523,777 425,213 372,835 23% 40% Securities at fair value through other comprehensive income 2,301,675 2,046,414 1,747,626 12% 32% Securities at amortized cost 8,064,411 7,925,465 7,470,377 2% 8% Loans at amortized cost 22,389,487 22,299,578 21,242,018 0% 5% Loans mandatorily at fair value through profit or loss 2,409,653 1,941,222 1,642,748 24% 47% Finance lease receivables 1,636,391 1,588,550 1,589,402 3% 3% Associates and other investments 153,137 160,418 143,419 -5% 7% Property and equipment 572,805 601,071 584,645 -5% -2% Intangible assets and goodwill 381,289 385,796 360,198 -1% 6% Right-of-use assets 82,024 81,587 78,411 1% 5% Investment properties 76,567 92,977 85,520 -18% -10% Derivative financial assets designated as hedge accounting 27,474 29,625 46,802 -7% -41% Deferred tax assets 70,647 76,274 64,555 -7% 9% Current income tax receivable 36,655 31,296 38,403 17% -5% Other assets 552,452 547,390 509,455 1% 8% Assets classified as held for sale 68,617 0 0 TOTAL ASSETS 46,645,178 45,427,144 44,337,749 3% 5% Amounts due to banks, the National Governments, deposits from the National Banks and other banks 1,429,204 1,490,921 1,698,367 -4% -16% Repo liabilities 704,886 166,809 226,462 323% 211% Financial liabilities designated at fair value through profit or loss 88,881 90,340 78,815 -2% 13% Deposits from customers 33,721,692 33,732,764 32,746,169 0% 3% Fair value changes of the hedged items in portfolio hedge of interest rate risk 25,098 1,503 7,568 1570% 232% Liabilities from issued securities 2,724,590 2,512,635 2,356,987 8% 16% Derivative financial liabilities held for trading 163,485 81,265 130,842 101% 25% Derivative financial liabilities designated as hedge accounting 146,689 11,501 43,645 1175% 236% Leasing liabilities 79,742 82,401 80,572 -3% -1% Deferred tax liabilities 29,044 28,347 32,009 2% -9% Current income tax payable 23,499 35,641 38,335 -34% -39% Provisions 124,025 151,123 129,880 -18% -5% Other liabilities 1,047,928 930,194 1,031,479 13% 2% Subordinated bonds and loans 807,836 486,084 497,273 66% 62% Liabilities directly associated with assets classified as held for sale 19,683 0 0 TOTAL LIABILITIES 41,136,282 39,801,528 39,098,403 3% 5% Share capital 28,000 28,000 28,000 0% 0% Retained earnings and reserves 5,949,491 6,040,575 5,536,570 -2% 7% Treasury shares -514,442 -458,637 -337,838 12% 52% Total equity attributable to the parent 5,463,049 5,609,938 5,226,732 -3% 5% Total equity attributable to non-controlling interest 45,847 15,678 12,614 192% 263% TOTAL SHARHOLDERS' EQUITY 5,508,896 5,625,616 5,239,346 -2% 5% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 46,645,178 45,427,144 44,337,749 3% 5%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 54/78 OTP BANK SEPARATE IFRS STATEMENT OF RECOGNIZED INCOME in HUF million 1H 2026 1H 2025 change Interest income calculated using the effective interest method 525,560 475,641 10% Income similar to interest income 379,139 279,086 36% Total Interest Income 904,699 754,727 20% Total Interest Expense -559,009 -467,819 19% NET INTEREST INCOME 345,690 286,908 20% Risk cost total -4,629 -29,240 NET INTEREST INCOME AFTER RISK COST 341,061 257,668 32% Losses arising from derecognition of financial assets measured at amortised cost -859 -1,502 -43% Modification loss -3,652 -781 368% Income from fees and commissions 280,212 265,962 5% Expenses from fees and commissions -60,381 -55,793 8% Net profit from fees and commissions 219,831 210,169 5% Foreign exchange gains (+)/ loss (-) 125 1,412 Gains (+) or loss (-) on securities, net 19,468 14,801 32% Losses on financial instruments at fair value through profit or loss 21,718 -10,569 Gains on derivative instruments, net -8,291 27,516 -130% Dividend income 313,955 352,293 -11% Other operating income 55,259 27,882 98% Net other operating expenses -39,466 -19,116 106% Net operating income 362,768 394,219 -8% Personnel expenses -126,031 -107,778 17% Depreciation and amortization -41,998 -36,349 16% Other administrative expenses -320,858 -254,601 26% Other administrative expenses -488,887 -398,728 23% PROFIT BEFORE INCOME TAX 430,262 461,045 -7% Income tax expense -31,185 -27,537 13% PROFIT AFTER TAX FOR THE PERIOD 399,077 433,508 -8%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 55/78 CONSOLIDATED IFRS STATEMENT OF RECOGNIZED INCOME in HUF million 1H 2026 1H 2025 change CONTINUING OPERATIONS Interest income calculated using the effective interest method 1,448,097 1,372,882 5% Income similar to interest income 360,412 275,111 31% Interest incomes 1,808,509 1,647,993 10% Interest expenses -742,171 -703,589 5% NET INTEREST INCOME 1,066,338 944,404 13% Risk cost total -77,256 -90,421 -15% Loss allowance / Release of loss allowance on loans, placements, amounts due from banks and repo receivables -83,196 -70,398 18% Change in the fair value attributable to changes in the credit risk of loans mandatorily measured at fair value through profit of loss -2,114 -1,201 76% Loss allowance / Release of loss allowance on securities at fair value through other comprehensive income and on securities at amortized cost 13,590 -11,420 Provision for commitments and guarantees given -5,409 -3,402 Impairment / (Release of impairment) of assets subject to operating lease and of investment properties -127 -4,000 NET INTEREST INCOME AFTER RISK COST 989,082 853,983 16% Income from fees and commissions 593,944 624,715 -5% Expense from fees and commissions -126,151 -114,772 10% Net profit from fees and commissions 467,793 509,943 -8% Modification gain or loss -24,692 -4,780 Other assets -25,457 -2,023 1158% Foreign exchange gains / losses, net -3,324 618 -638% Net results on derivative instruments and hedge relationships -22,133 -2,641 738% Gains / Losses on securities, net 25,186 17,744 42% Gains / Losses on financial assets /liabilities measured at fair value through profit or loss 19,813 -9,846 Gain from derecognition of financial assets at amortized cost 10,711 -1,925 -656% Profit from associates 19,621 22,279 -12% Other operating income 39,464 73,360 -46% Gains and losses on real estate transactions 2,897 4,192 -31% Other non-interest income 34,608 67,609 -49% Net insurance result 1,960 1,558 26% Other operating expense -20,247 -49,710 -59% Net operating income 69,091 49,879 39% Personnel expenses -330,625 -298,509 11% Depreciation and amortization -80,731 -73,456 10% Other administrative expenses -476,389 -388,683 23% Other administrative expenses -887,745 -760,648 17% PROFIT BEFORE INCOME TAX 613,529 648,377 -5% Income tax expense -130,410 -129,785 0% PROFIT AFTER INCOME TAX FOR THE PERIOD FROM CONTINUING OPERATIONS 483,119 518,592 -7% DISCONTINUED OPERATIONS 0 0 Net loss / gain from discontinued operation -381 0 PROFIT AFTER INCOME TAX FROM CONTINUING AND DISCOUNTINUED OPERATION 482,738 518,592 -7% From this, attributable to: Non-controlling interest 3,064 3,113 -2% Owners of the company 479,674 515,479 -7%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 56/78 STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY (IFRS) in HUF million Share capital Capital reserve Retained earnings and reserves Treasury shares Non-controlling interest Total Balance as at 1 January 2025 28,000 52 5,327,600 -245,319 9,680 5,120,013 0 0 0 0 0 0 Profit after tax for the period -- -- 515,479 -- 3,113 518,592 Other comprehensive income -- -- -58,245 -- 550 -57,695 Dividends paid to non-controlling interest -- -- -- -- -729 -729 Share-based payment -- -- 2,442 -- -- 2,442 Dividend for the year 2024 -- -- -270,000 -- -- -270,000 Adjustment related to share-based payment -- -- 13,260 -- -- 13,260 Treasury shares -- -- -- -- -- 0 – sale -- -- -- 29,465 -- 29,465 – loss on sale -- -- 5,982 -- -- 5,982 – volume change -- -- -- -121,984 -- -121,984 0 0 0 0 0 0 Balance as at 30 June 2025 28,000 52 5,536,518 -337,838 12,614 5,239,346 c in HUF million Share capital Capital reserve Retained earnings and reserves Treasury shares Non-controlling interest Total Balance as at 1 January 2026 28,000 52 6,040,523 -458,637 15,678 5,625,616 0 0 0 0 0 0 Profit after tax for the period -- -- 479,674 -- 3,064 482,738 Other comprehensive income -- -- -274,090 -- -787 -274,877 Impact of a subsidiary’s capital increase on non-controlling interests (NCI) -- -- -35,212 -- 30,803 -4,409 Dividends paid to non-controlling interest -- -- -- -- -2,911 -2,911 Share-based payment -- -- 3,548 -- -- 3,548 Dividend for the year 2025 -- -- -300,000 -- -- -300,000 Adjustment related to share-based payment -- -- 13,226 -- -- 13,226 Treasury shares -- -- -- -- -- 0 – sale -- -- -- 42,503 -- 42,503 – loss on sale -- -- 21,770 -- -- 21,770 – volume change -- -- -- -98,308 -- -98,308 Balance as at 30 June 2026 28,000 52 5,949,439 -514,442 45,847 5,508,896 1The deduction related to repurchased treasury shares (2Q 2026: HUF 514,442 million) includes the book value of OTP shares held by ESOP (2Q 2026: 11,013,064 shares).
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 57/78 OTP BANK SEPARATE IFRS STATEMENT OF CASH FLOWS in HUF million 30/06/2026 30/06/2025 change OPERATING ACTIVITIES Profit before income tax 430,262 461,045 -7% Net accrued interest -2,302 -36,377 -94% Income tax paid -41,918 -37,883 11% Depreciation and amortization 42,080 36,427 16% Loss allowance / (Release of loss allowance) 19,061 42,625 -55% Share-based payment 3,548 2,442 45% Exchange rate gains on securities 847 -288 -394% Unrealised gains on fair value adjustment of financial instruments at fair value through profit or loss -20,384 11,162 -283% Unrealised losses on fair value adjustment of derivative financial instruments -27,320 28,135 -197% Interest expense from leasing liabilities -1,142 1,214 -194% Effect of currency revaluation -56,270 -54,321 4% Result from the sale of property, plant and equipment and intangible assets -275 53 -619% Net change in assets and liabilities in operating activities 1,880,033 926,877 103% Net cash provided by operating activities 2,226,220 1,381,111 61% INVESTING ACTIVITIES Net cash used in investing activities -805,359 -279,222 188% FINANCING ACTIVITIES Net cash provided by / (used in) financing activities 56,322 -375,661 -115% Net decrease in cash and cash equivalents 1,477,183 726,228 103% Cash and cash equivalents at the beginning of the year 357,762 911,836 -61% Cash and cash equivalents at the end of the year 1,834,945 1,638,064 12%
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 58/78 CONSOLIDATED IFRS STATEMENT OF CASH FLOWS in HUF million 30/06/2026 30/06/2025 change OPERATING ACTIVITIES Profit after tax for the period 479,674 515,479 -7% Net changes in assets and liabilities in operating activities Income tax paid -124,062 -177,487 -30% Depreciation and amortization 84,606 77,145 10% Release (-) / recognition (+) of provisions 63,669 99,388 -36% Net accrued interest 7,148 10,814 -34% Share-based payment 3,548 2,442 45% Unrealised exchange rate differences -63,396 -33,086 92% Unrealized result of fair value adjustment of financial instruments valued at fair value -24,627 13,411 -284% Unrealized result of the fair value adjustment of derivative financial instruments 151,521 78,546 93% Profit from discontinued activity 381 0 Other changes in assets and liabilities in operating activities 1,744,016 1,077,523 62% Net cash flow from operating activities 2,322,478 1,664,175 40% INVESTING ACTIVITIES Net cash used in investing activities -451,312 -346,514 30% FINANCING ACTIVITIES Net cash used in financing activities 89,871 -378,787 -124% Net increase (+) / decrease (-) of cash and cash equivalents 1,961,037 938,874 109% Cash and cash equivalents at the beginning of the year 2,540,530 3,517,287 -28% Cash and cash equivalents at the end of the year 4,501,566 4,456,161 1% Adjustment due to discontinuing activity 1 0
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 59/78 CONSOLIDATED SUBSIDIARIES AND ASSOCIATES (in consolidated accounts under IFRS) Name of the company Country Initial capital/Equity (in LCY) Ownership Directly + indirectly (%) Voting rights (%) Classification1 1 OTP Real Estate Ltd. Hungary HUF 1,101,000,000 100.00 100.00 L 2 BANK CENTER No. 1. Ltd. Hungary HUF 11,500,000,000 100.00 100.00 L 3 OTP Fund Management Ltd. Hungary HUF 900,000,000 100.00 100.00 L 4 OTP Factoring Ltd. Hungary HUF 500,000,000 100.00 100.00 L 5 OTP Close Building Society Hungary HUF 2,000,000,000 100.00 100.00 L 6 Merkantil Bank Ltd. Hungary HUF 3,000,000,000 100.00 100.00 L 7 BANK CENTER No. Kettő Beruházási és Fejlesztési Kft. Hungary HUF 3,200,000 100.00 100.00 L 8 Merkantil Bérlet Ltd. Hungary HUF 6,000,000 100.00 100.00 L 9 OTP Mortgage Bank Ltd. Hungary HUF 82,000,000,000 100.00 100.00 L 10 OTP Funds Servicing and Consulting Company Limited Hungary HUF 2,351,000,000 100.00 100.00 L 11 DSK Bank AD Bulgaria EUR 678,945,219 99.92 99.92 L 12 POK DSK-Rodina AD Bulgaria EUR 5,105,201 99.85 99.85 L 13 NIMO 2002 Ltd. Hungary HUF 1,156,000,000 100.00 100.00 L 14 OTP Real Estate Investment Fund Management Ltd. Hungary HUF 100,000,000 100.00 100.00 L 15 DSK Asset Management EAD Bulgaria EUR 511,000 100.00 100.00 L 16 OTP banka dioničko društvo Croatia EUR 539,156,898 100.00 100.00 L 17 Air-Invest Ltd. Hungary HUF 700,000,000 100.00 100.00 L 18 OTP Invest društvo s ograničenom odgovornošću za upravljanje fondovima Croatia EUR 2,417,030 100.00 100.00 L 19 OTP Nekretnine d.o.o. Croatia EUR 39,635,100 100.00 100.00 L 20 SPLC-P Ltd. Hungary HUF 15,000,000 100.00 100.00 L 21 SPLC Ltd. Hungary HUF 10,000,000 100.00 100.00 L 22 OTP Real Estate Leasing Ltd. Hungary HUF 214,000,000 100.00 100.00 L 23 OTP Life Annuity Real Estate Investment Plc. Hungary HUF 1,229,300,000 100.00 100.00 L 24 OTP Leasing d.d. Croatia EUR 1,067,560 100.00 100.00 L 25 Joint-Stock Company OTP Bank Ukraine UAH 6,186,023,111 100.00 100.00 L 26 JSC "OTP Bank" (Russia) Russia RUB 2,797,887,853 97.92 97.92 L 27 Montenegrin Commercial Bank Shareholding Company, Podgorica Montenegro Montenegro EUR 181,875,221 100.00 100.00 L 28 OTP banka Srbija, joint-stock company, Novi Sad) Serbia RSD 56,830,752,260 100.00 100.00 L 29 OTP Nekretnine doo Novi Sad Serbia RSD 203,783,061 100.00 100.00 L 30 OTP Ingatlanpont Ltd. Hungary HUF 9,000,000 100.00 100.00 L 31 OTP Hungaro-Projekt Ltd. Hungary HUF 27,720,000 100.00 100.00 L 32 OTP Mérnöki Ltd. Hungary HUF 3,000,000 100.00 100.00 L 33 LLC AMC OTP Capital Ukraine UAH 10,000,000 100.00 100.00 L 34 CRESCO d.o.o. Croatia EUR 5,170 100.00 100.00 L 35 LLC OTP Leasing Ukraine UAH 45,495,340 100.00 100.00 L 36 OTP Financing Solutions The Netherlands EUR 18,000 100.00 100.00 L 37 Velvin Ventures Ltd. Belize USD 50,000 100.00 100.00 L 38 OTP Insurance Broker EOOD Bulgaria EUR 2,555 100.00 100.00 L 39 PortfoLion Venture Capital Fund Management Ltd. Hungary HUF 59,050,000 66.98 66.98 L 40 OTP Holding Ltd. Cyprus EUR 131,000 100.00 100.00 L 41 OTP Debt Collection d.o.o. Podgorica Montenegro EUR 7,803,508 100.00 100.00 L 42 OTP Factoring Serbia d.o.o. Serbia RSD 782,902,282 100.00 100.00 L 43 MONICOMP Ltd. Hungary HUF 320,500,000 100.00 100.00 L 44 CIL Babér Ltd. Hungary HUF 71,890,330 100.00 100.00 L 45 Project 01 Consulting, s. r. o. Slovakia EUR 22,540,000 100.00 100.00 L 46 R.E. Four d.o.o., Novi Sad Serbia RSD 1,983,643,761 100.00 100.00 L 47 OTP Financial point Ltd. Hungary HUF 54,500,000 100.00 100.00 L 48 SimplePay Plc. Hungary HUF 1,400,000,000 100.00 100.00 L 49 OTP Holding Malta Ltd. Malta EUR 104,950,000 100.00 100.00 L 50 OTP Financing Malta Ltd. Malta EUR 105,000,000 100.00 100.00 L 51 Limited Liability Company Microcredit company “OTP Finance” Russia RUB 6,533,000,000 100.00 100.00 L 52 OTP Travel Limited Hungary HUF 27,000,000 100.00 100.00 L 53 OTP Ecosystem Limited Liability Company; OTP Ecosystem Llc. Hungary HUF 281,600,000 100.00 100.00 L 54 DSK Ventures EAD Bulgaria EUR 127,800 100.00 100.00 L 55 OTP Bank ESOP Hungary HUF 217,354,546,801 0.00 0.00 L 56 PortfoLion Digital Ltd. Hungary HUF 101,000,000 100.00 100.00 L 57 OTP Ingatlankezelő Ltd. Hungary HUF 50,000,000 100.00 100.00 L 58 OTP Services Ltd. Serbia RSD 40,028 100.00 100.00 L 59 Club Hotel Füred Szálloda Ltd. Hungary HUF 90,000,000 100.00 100.00 L 60 DSK DOM EAD Bulgaria EUR 51,100 100.00 100.00 L 61 ShiwaForce.com Inc. Hungary HUF 114,107,000 84.92 84.92 L 62 OTP Leasing EOOD Bulgaria EUR 2,132,000 100.00 100.00 L 63 Regional Urban Development Fund AD Bulgaria EUR 127,823 52.00 52.00 L 64 Banka OTP Albania SHA Albania ALL 6,740,900,000 100.00 100.00 L 65 OTP Leasing Srbija d.o.o. Beograd Serbia RSD 426,968,290 100.00 100.00 L 66 OTP Osiguranje AKCIONARSKO DRUŠTVO ZA Serbia RSD 796,504,064 100.00 100.00 L 67 OTP Bank S.A. Moldavia MDL 100,000,000 98.26 98.26 L 68 SKB Leasing d.o.o. Slovenia EUR 30,809,031 100.00 100.00 L 69 SKB Leasing Select d.o.o. Slovenia EUR 5,000,000 100.00 100.00 L 70 OTP Home Solutions Limited Liability Company Hungary HUF 35,000,000 100.00 100.00 L 71 OTP banka d.d. Slovenia EUR 150,000,000 100.00 100.00 L 72 OTP factoring d.o.o. Slovenia EUR 500,000 100.00 100.00 L 73 OTP Luxembourg S.à r.l. Luxembourg EUR 2,711,440 100.00 100.00 L 74 Foglaljorvost Online Ltd Hungary HUF 7,202,400 100.00 100.00 L 75 Mendota Invest, Nepremicninska druzba, d.o.o. Slovenia EUR 257,500 100.00 100.00 L
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 60/78 Name of the company Country Initial capital/Equity (in LCY) Ownership Directly + indirectly (%) Voting rights (%) Classification1 76 OD Ltd. Hungary HUF 6,000,000 60.00 60.00 L 77 JN Parkoló Ltd. Hungary HUF 11,000,000 100.00 100.00 L 78 JSCMB "IPOTEKA BANK" Uzbekistan UZS 4,199,123,112,258 72.89 90.39 L 79 IMKON Sugurta JSC. Uzbekistan UZS 80,000,000,000 100.00 100.00 L 80 OTP INVEST DRUŠTVO ZA UPRAVLJANJE UCITS I ALTERNATIVNIM FONDOVIMA AD BEOGRAD Serbia RSD 411,432,000 100.00 100.00 L 81 Hello Pay IT and Service cPlc. Hungary HUF 5,000,000 100.00 100.00 L 82 LLC OTP Financial Technologies Russia RUB 10,000 100.00 100.00 L 83 PortfoLion Munkavállalói Résztulajdonosi Program Szervezet Hungary HUF 2,030,000,000 0.00 0.00 L 84 OTP Skladi d.o.o. Slovenia EUR 661,046 100.00 100.00 L 85 Balansz Real Estate Institute Fund Hungary HUF 45,812,856,452 100.00 100.00 L 86 Portfolion Zöld Fund Hungary HUF 37,500,000,000 100.00 100.00 L 87 PortfoLion Digitális Magántőkealap I. Hungary HUF 3,500,000,000 100.00 100.00 L 88 PortfoLion Regionális Fund II. Hungary HUF 25,060,000,000 49.88 49.88 L 89 PortfoLion Partner Magántőke Alap Hungary HUF 72,004,608,295 30.56 30.56 L 90 PortfoLion Digitális Magántőkealap II. Hungary HUF 14,000,000,000 100.00 100.00 L 91 Portfolion Agrár Magántőkealap II. Hungary HUF 40,000,000,000 100.00 100.00 L 92 PortfoLion Regionális Magántőkealap III. Hungary HUF 60,000,000,000 49.91 49.91 L 93 "Nemesszalóki Mezőgazdasági"Állattenyésztési, Növénytermesztési,Termelő és Szolgáltató Plc. Hungary HUF 924,124,000 100.00 100.00 L 94 ZA-Invest Béta Ltd. Hungary HUF 8,000,000 100.00 100.00 L 95 NAGISZ Plc. Hungary HUF 3,802,080,000 100.00 100.00 L 96 Nádudvari Élelmiszer Feldolgozó és Kereskedelmi Ltd. Hungary HUF 1,954,680,000 99.97 99.97 L 97 HAGE Ltd. Hungary HUF 2,689,000,000 100.00 100.00 L 98 AFP Private Equity Invest Plc. Hungary EUR 452,000 29.14 29.14 L 99 ZA-Invest Delta Ltd. Hungary HUF 4,000,000 100.00 100.00 L 100 ZA-Invest Kappa Ltd. Hungary HUF 11,000,000 100.00 100.00 L 101 ZA Invest Gamma Ltd. Hungary HUF 3,100,000 100.00 100.00 L 102 ZA Gamma HoldCo Ltd. Hungary HUF 3,100,000 100.00 100.00 L 103 Aranykalász 1955. Ltd Hungary HUF 55,560,000 75.00 100.00 L 104 AGROMAG-PLUSZ Ltd. Hungary HUF 39,110,000 74.99 100.00 L 105 ARANYMEZŐ 2001. Ltd Hungary HUF 3,000,000 75.00 100.00 L 106 Agricultural Privatey Held Joint-Stock Company Szekszárd Hungary HUF 862,000,000 100.00 100.00 L 107 Szajk Agricultural Closed Company Limited by shares Hungary HUF 659,859,000 100.00 100.00 L 108 ZA-Invest Poultry Korlátolt Felelősségű Társaság Hungary HUF 9,000,000 50.10 50.10 L 109 "YASHIL FERMA" Joint Venture Limited Liability Company Uzbekistan UZS 1,210,976,001,632 66.67 66.67 L 110 ZA-Invest Lambda Kft. Hungary HUF 4,950,000 100.00 100.00 L 111 ZA Lambda Holdco Kft. Hungary HUF 4,000,000 100.00 100.00 L 112 BAKONYI AGRÁR Mezőgazdasági, Vagyonkezelő és Szolgáltató Kft Hungary HUF 480,000,000 98.71 98.71 L 113 AGRO-MILCH Mezőgazdasági és Szolgáltató Ltd. Hungary HUF 69,060,000 99.42 99.42 L 114 BOSFLÓR Kft. Hungary HUF 80,420,000 97.81 97.81 L 115 AGR-Invest Alfa Korlátolt Felelősségű Társaság Hungary HUF 4,000,000 100.00 100.00 L 116 AGR-Holdco Alfa Korlátolt Felelősségű Társaság Hungary HUF 5,000,000 100.00 100.00 L 117 GEO-MILK Ltd. Hungary HUF 40,000,000 100.00 100.00 L 1 Full consolidated - L
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 61/78 Regulations and data sheets related to the securities issued by the Company that grant voting rights, as well as the ownership of the company The rights of shareholders, as well as any restrictions on voting rights, and the deadlines for exercising voting rights are contained in the Company's Articles of Association. OWNERSHIP STRUCTURE, SHAREHOLDING AND VOTING PROPORTION Description of owner Total registered capital 1 January 2026 30 June 2026 Ownership share Voting rights1 Number of shares Ownership share Voting rights 1 Number of shares Domestic institution/company 30.26% 31.90% 84,722,909 29.84% 31.62% 83,555,118 Foreign institution/company 54.37% 57.32% 152,240,896 53.59% 56.78% 150,045,384 Domestic individual 9.08% 9.57% 25,423,825 9.21% 9.76% 25,780,262 Foreign individual 0.48% 0.51% 1,343,306 0.41% 0.43% 1,142,774 Employees, senior officers 0.50% 0.53% 1,402,070 0.46% 0.49% 1,291,424 Treasury shares2 5.15% 0.00% 14,416,678 5.62% 0.00% 15,739,328 Government held owner 0.05% 0.05% 137,646 0.05% 0.05% 137,646 International Development Institutions 0.04% 0.04% 118,028 0.01% 0.02% 41,232 Other3 0.07% 0.07% 194,652 0.81% 0.86% 2,266,842 TOTAL 100.00% 100.00% 280,000,010 100.00% 100.00% 280,000,010 1 Voting rights in the General Meeting of the Issuer for participation in decision -making. 2 Treasury shares do not include the OTP shares held by ESOP (OTP Bank Employee Stock Ownership Plan Organization). Pursuant to Act V of 2013 on the Civil Code, OTP shares held by the ESOP are not classified as treasury shares, but the ESOP must be consolidated in accordanc e with IFRS 10 Consolidated Financial Statements standard. On 30 June 2026 ESOP owned 11,013,064 OTP shares. 3 Non-identified shareholders according to the shareholders’ registry. NUMBER OF TREASURY SHARES HEL D IN THE YEAR UNDER REVIEW ( 2026) 1 January 31 March 30 June 30 September 31 December OTP Bank 14,416,678 14,416,930 15,739,328 Subsidiaries 0 0 0 TOTAL 14,416,678 14,416,930 15,739,328 SHAREHOLDERS WITH OVER/AROUND 5% STAKE (AS AT THE END OF PERIOD )1 Name Nationality2 Activity3 Number of shares Ownership4 Voting rights4,5 Notes6 MOL (Hungarian Oil and Gas Company Plc.) D C 24,000,000 8.57% 9.08% Groupama Group F/D C 14,273,359 5.10% 5.40% Groupama Gan Vie SA F C 14,140,000 5.05% 5.35% Groupama Biztosító Ltd. D C 133,359 0.05% 0.05% OTP Bank Plc. D C 15,739,328 5.62% 0.00% 1 As a result of transactions concluded on April 9, 2025, the combined voting rights of Special Employee Partial Ownership Plan Organization No. I. and No. II. of OTP Employees (together referred to as the OTP Special Employee Partial Ownership Plan Organizations) in OTP Bank Plc. inc reased to 5.02%, corresponding to 13,568,641 ordinary shares. However, by the end of June 2026, their ownership interest was below the 5% threshold and, consequently, they were not included in this table. At the end of 2Q 2026, their combined voting right reached 5.17%. 2 Domestic (D), Foreign (F). 3 Custodian (CU), Public Institution (PU), International Development Institutions (ID), Institutional (I), Company (C), Private (PR), Employee or senior officer (E). 4 Rounded to two decimals. 5 Voting rights in the General Meeting of the Issuer for participation in decision -making. 6 Eg, professional investor, financial investor, etc.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 62/78 SENIOR OFFICERS, STRATEGIC EMPLOYEES AND THEIR SHAREHOLDING OF OTP SHARES as at 30 June 2026 Type1 Name Position Commencement date of the term Expiration/termination of the term Number of shares IG dr. Sándor Csányi 2 Chairman 15/05/1992 2031 190,467 IG Tamás Erdei Deputy Chairman 27/04/2012 2031 71,285 IG Gabriella Balogh member 16/04/2021 2031 46,593 IG Péter Csányi member, CEO 16/04/2021 2031 97,002 IG György Nagy3 member 16/04/2021 2031 3,300 IG dr. Márton Gellért Vági member 16/04/2021 2031 39,100 IG dr. József Vörös member 15/05/1992 2031 224,114 IG László Wolf member, Deputy CEO 15/04/2016 2031 564,407 FB Tibor Tolnay Chairman 15/05/1992 2029 54 FB dr. Gábor Horváth Deputy Chairman 19/05/1995 2029 0 FB Klára Bella member 12/04/2019 2029 1,535 FB dr. Tamás Gudra member 16/04/2021 2029 0 FB András Michnai member 25/04/2008 2029 1,410 FB Catherine Paule Granger-Ponchon member 25/04/2025 2029 0 SP András Becsei Deputy CEO 13,000 SP László Bencsik Deputy CEO 1,000 SP György Kiss-Haypál Deputy CEO 14,751 SP András Sebők Deputy CEO 0 SP Imre Bertalan MC member 991 SP dr. Bálint Csere MC member 17,512 SP dr. Zoárd Gázmár MC member 4,903 TOTAL No. of shares held by management 1,291,424 1 Board Member (IG), Supervisory Board Member (FB), Employee in strategic position (SP) 2 Number of OTP shares owned by dr. Sándor Csányi, Chairman, directly or indirectly: 5,390,467. 3 Number of OTP shares owned by György Nagy, Member of Board of Directors, directly or indirectly : 1,244,049. Data sheets related to the organization and operation of the Company OFF-BALANCE SHEET ITEMS ACCORDING TO IFRS (consolidated, in HUF million )1 a) Contingent liabilities 30/06/2026 30/06/2025 Commitments to extend credit 6,507,175 5,735,831 Guarantees arising from banking activities 1,578,530 1,588,133 Confirmed letters of credit 81,860 43,988 Legal disputes (disputed value) 129,203 131,755 Other 1,164,713 1,042,342 TOTAL 9,461,481 8,542,049 1 Those financial undertakings, which are important from valuation perspectives however not booked within the balance sheet (su ch as surety, guarantees, pledge related obligations, etc.) CHANGES IN THE HEADCOUNT EMPLOYED BY THE BANK AND THE SUBSIDIARIES (active, FTE-basis) End of reference period Current period opening Current period closing Bank1 10,632 10,819 10,534 Consolidated2 39,847 40,845 41,089 1 OTP Bank Hungary (standalone) employee figures . 2 Due to the changes in the scope of consolidation, the historical figures are not comparable .
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 63/78 SECURITY ISSUANCES ON GROUP LEVEL BETWEEN 01/07/2025 AND 30/06/2026 Issuer Type of security Security name Date of issue Date of maturity Ccy Outstanding consolidated debt (in original currency or HUF million ) 30/06/2026 Outstanding consolidated debt (in HUF million) 30/06/2026 OTP Bank Plc. Retail bond OTP_HUF_2026/11 16/07/2025 16/07/2026 HUF 11,113 11,113 OTP Bank Plc. Retail bond OTP_HUF_2026/12 15/08/2025 15/08/2026 HUF 10,051 10,051 OTP Bank Plc. Retail bond OTP_HUF_2026/13 12/09/2025 12/09/2026 HUF 6,619 6,619 OTP Mortgage Bank Ltd. Mortgage bond OJB2032/B 22/09/2025 20/12/2032 HUF 30,000 30,000 OTP Mortgage Bank Ltd. Mortgage bond OMB2031/I 01/10/2025 31/03/2031 EUR 500,000,000 177,525 Ipoteka Bank Corporate bond IPTBZU 6.45 10/09/30 09/10/2025 09/10/2030 USD 300,000,000 94,150 Ipoteka Bank Corporate bond IPTBZU 17 ½ 10/09/28 09/10/2025 09/10/2028 UZS 1,200,000,000,000 32,053 OTP Bank Plc. Retail bond OTP_HUF_2026/14 10/10/2025 10/10/2026 HUF 11,226 11,226 OTP Bank Plc. Retail bond OTP_HUF_2026/15 31/10/2025 31/10/2026 HUF 5,045 5,045 OTP Bank Plc. Retail bond OTP_HUF_2026/16 21/11/2025 21/11/2026 HUF 7,089 7,089 OTP Bank Plc. Retail bond OTP_HUF_2026/17 12/12/2025 12/12/2026 HUF 6,514 6,514 OTP Bank Plc. Retail bond OTP_HUF_260918 20/03/2026 18/09/2026 HUF 11,825 11,825 OTP Bank Plc. Retail bond OTP_HUF_2027/1 16/01/2026 16/01/2027 HUF 9,618 9,618 OTP Bank Plc. Retail bond OTP_HUF_2027/2 13/02/2026 13/02/2027 HUF 14,651 14,651 OTP Bank Plc. Corporate bond OTPHB 3 ⅝ 02/03/32 03/02/2026 03/02/2032 EUR 499,974,000 177,516 OTP Mortgage Bank Ltd. Mortgage bond OMB2032/I 12/02/2026 31/05/2032 EUR 500,000,000 177,525 OTP Bank Plc. Retail bond OTP_HUF_2027/3 13/03/2026 13/03/2027 HUF 11,740 11,740 OTP Bank Plc. Retail bond OTP_HUF_261015 16/04/2026 15/10/2026 HUF 8,969 8,969 OTP Bank Plc. Retail bond OTP_HUF_2027/4 17/04/2026 17/04/2027 HUF 14,488 14,488 OTP Bank Plc. Retail bond OTP_HUF_261112 14/05/2026 12/11/2026 HUF 4,761 4,761 OTP Bank Plc. Retail bond OTP_HUF_2027/5 15/05/2026 15/05/2027 HUF 12,902 12,902 OTP Bank Plc. Corporate bond OTP_DK_HUF_2031/V 29/05/2026 31/05/2031 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2032/V 29/05/2026 31/05/2032 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2033/IV 29/05/2026 31/05/2033 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2034/III 29/05/2026 31/05/2034 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2035/II 29/05/2026 31/05/2035 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2036/I 29/05/2026 31/05/2036 HUF 0 0 OTP Mortgage Bank Ltd. Mortgage bond OMB2033/I 03/06/2026 31/08/2033 EUR 500,000,000 177,525 OTP Bank Plc. Retail bond OTP_HUF_261210 11/06/2026 10/12/2026 HUF 3,694 3,694 OTP Bank Plc. Retail bond OTP_HUF_2027/6 12/06/2026 12/06/2027 HUF 9,529 9,529 OTP Bank Plc. Corporate bond OTPHB 4 ⅝ 12/24/36 24/06/2026 24/12/2036 EUR 997,825,000 354,278 SECURITY REDEMPTIONS ON GROUP LEVEL BETWEEN 01/07/2025 AND 30/06/2026 Issuer Type of security Security name Date of issue Date of maturity Ccy Outstanding consolidated debt (in original currency or HUF million) 30/06/2025 Outstanding consolidated debt (in HUF million) 30/06/2025 OTP Bank Plc. Retail bond OTP_HUF_2025/10 05/07/2024 05/07/2025 HUF 11,463 11,463 OTP Mortgage Bank Ltd. Mortgage bond OJB 2025/I 31/07/2009 31/07/2025 HUF 0 0 OTP Bank Plc. Retail bond OTP_HUF_2025/11 02/08/2024 02/08/2025 HUF 6,464 6,464 OTP Bank Plc. Retail bond OTP_HUF_2025/12 30/08/2024 30/08/2025 HUF 4,359 4,359 OTP Bank Plc. Retail bond OTP_HUF_2025/13 27/09/2024 27/09/2025 HUF 4,958 4,958 OTP Bank Plc. Corporate bond OTPHB 7 ¼ 09/29/26 29/09/2022 29/09/2025 USD 60,000,000 20,425 OTP Bank Plc. Corporate bond OTPHB 8.1 10/13/26 13/10/2023 13/10/2025 RON 170,000,000 13,369 Ipoteka Bank Corporate bond IPTBZU 5 ½ 11/19/25 19/11/2020 30/10/2025 USD 300,000,000 101,526 OTP Bank Plc. Retail bond OTP_HUF_2025/14 31/10/2024 31/10/2025 HUF 5,677 5,677 OTP Mortgage Bank Ltd. Mortgage bond OJB2025/II 03/02/2020 26/11/2025 HUF 22,550 22,550 OTP Bank Plc. Retail bond OTP_HUF_2025/15 29/11/2024 01/12/2025 HUF 3,115 3,115 OTP Bank Plc. Retail bond OTP_HUF_2025/16 18/12/2024 18/12/2025 HUF 7,026 7,026 OTP Bank Plc. Retail bond OTP_HUF_2026/3 17/01/2025 17/01/2026 HUF 10,979 10,979 OTP Bank Plc. Retail bond OTP_HUF_2026/4 31/01/2025 31/01/2026 HUF 4,171 4,171 OTP Bank Plc. Retail bond OTP_HUF_2026/5 14/02/2025 14/02/2026 HUF 4,974 4,974 OTP Bank Plc. Retail bond OTP_HUF_2026/6 14/03/2025 14/03/2026 HUF 12,315 12,315 OTP banka d.d. Corporate bond NOVAKR 05/25/27 25/05/2022 25/05/2026 EUR 175,700,000 70,157 OTP Bank Plc. Corporate bond OTPHB 7 ½ 05/25/27 25/05/2023 25/05/2026 USD 497,832,000 169,467 OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/I 29/05/2020 31/05/2026 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/II 31/05/2021 31/05/2026 HUF 0 0 OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/III 31/03/2022 31/05/2026 HUF 0 0 OTP Bank Plc. Retail bond OTP_HUF_2026/7 11/04/2025 11/04/2026 HUF 17,688 17,688 OTP Bank Plc. Retail bond OTP_HUF_2026/8 09/05/2025 09/05/2026 HUF 14,036 14,036 OTP Bank Plc. Retail bond OTP_HUF_2026/9 06/06/2025 06/06/2026 HUF 12,971 12,971 OTP Bank Plc. Retail bond OTP_HUF_2026/10 27/06/2025 27/06/2026 HUF 7,927 7,927
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 64/78 SECURITY LISTED ON THE BUDAPEST STOCK EXCHANGE BETWEEN 01/01/2016 AND 30/06/2026 Issuer Type of security Security name Date of issue Date of maturity Ccy OTP Bank Plc. Retail bond OTP_VK_USD_1 2017/I 29/01/2016 29/01/2017 USD OTP Bank Plc. Retail bond OTP_EURO_1 2017/I 29/01/2016 12/02/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/II 12/02/2016 26/02/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/III 26/02/2016 12/03/2017 EUR OTP Bank Plc. Retail bond OTP_VK_USD_1 2017/II 18/03/2016 18/03/2017 USD OTP Bank Plc. Retail bond OTP_EURO_1 2017/IV 18/03/2016 01/04/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/V 15/04/2016 29/04/2017 EUR OTP Bank Plc. Retail bond OTP_VK_USD_1 2017/III 27/05/2016 27/05/2017 USD OTP Bank Plc. Retail bond OTP_EURO_1 2017/VI 27/05/2016 10/06/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/VII 10/06/2016 24/06/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/VIII 01/07/2016 15/07/2017 EUR OTP Bank Plc. Retail bond OTP_EURO_1 2017/IX 10/08/2016 24/08/2017 EUR OTP Bank Plc. Retail bond OTP_VK_USD_1 2017/IV 16/09/2016 16/09/2017 USD OTP Bank Plc. Retail bond OTP_EURO_1 2017/X 16/09/2016 30/09/2017 EUR OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/I 20/01/2017 20/01/2018 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2021/I 15/02/2017 27/10/2021 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2020/III 23/02/2017 20/05/2020 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2022/I 24/02/2017 24/05/2022 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/II 03/03/2017 03/03/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/III 13/04/2017 13/04/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/IV 02/06/2017 02/06/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/V 14/07/2017 14/07/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/VI 04/08/2017 04/08/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/VII 29/09/2017 29/09/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/VIII 17/11/2017 17/11/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2018/IX 20/12/2017 20/12/2018 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/I 16/02/2018 16/02/2019 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/II 29/03/2018 29/03/2019 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2023/I 05/04/2018 24/11/2023 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/III 18/05/2018 18/05/2019 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/IV 28/06/2018 28/06/2019 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/V 06/08/2018 06/08/2019 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2024/A 17/09/2018 20/05/2024 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2024/B 18/09/2018 24/05/2024 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/VI 04/10/2018 04/10/2019 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2024/II 10/10/2018 24/10/2024 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/VII 15/11/2018 15/11/2019 USD OTP Bank Plc. Corporate bond OTP_DK_HUF_2019/II 15/12/2018 31/05/2019 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2020/I 15/12/2018 31/05/2020 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2021/I 15/12/2018 31/05/2021 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2022/I 15/12/2018 31/05/2022 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2023/I 15/12/2018 31/05/2023 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2019/VIII 20/12/2018 20/12/2019 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/I 21/02/2019 21/02/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/II 04/04/2019 04/04/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/III 16/05/2019 16/05/2020 USD OTP Bank Plc. Corporate bond OTP_DK_HUF_2024/I 30/05/2019 31/05/2024 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2025/I 30/05/2019 31/05/2025 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/IV 27/06/2019 27/06/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/V 15/08/2019 15/08/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/VI 26/09/2019 26/09/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/VII 07/11/2019 07/11/2020 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2020/VIII 19/12/2019 19/12/2020 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2025/II 03/02/2020 26/11/2025 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2021/I 20/02/2020 20/02/2021 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2024/C 24/02/2020 24/10/2024 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2021/II 02/04/2020 02/04/2021 USD OTP Bank Plc. Retail bond OTP_VK_USD_1 2021/III 14/05/2020 14/05/2021 USD OTP Bank Plc. Corporate bond OTP_DK_HUF_2022/II 29/05/2020 31/05/2022 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2023/II 29/05/2020 31/05/2023 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2024/II 29/05/2020 31/05/2024 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2025/II 29/05/2020 31/05/2025 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/I 29/05/2020 31/05/2026 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2027/I 29/05/2020 31/05/2027 HUF OTP Bank Plc. Retail bond OTP_VK_USD_1 2021/IV 18/06/2020 18/06/2021 USD OTP Mortgage Bank Ltd. Mortgage bond OJB2027/I 23/07/2020 27/10/2027 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2025/III 31/05/2021 31/05/2025 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2024/III 31/05/2021 31/05/2024 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2027/II 31/05/2021 31/05/2027 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/II 31/05/2021 31/05/2026 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2028/I 31/05/2021 31/05/2028 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2029/I 31/05/2021 31/05/2029 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2030/I 31/05/2021 31/05/2030 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2031/I 18/08/2021 22/10/2031 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2026/III 31/03/2022 31/05/2026 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2027/III 31/03/2022 31/05/2027 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2028/II 31/03/2022 31/05/2028 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2029/II 31/03/2022 31/05/2029 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2030/II 31/03/2022 31/05/2030 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2031/I 31/03/2022 31/05/2031 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2032/I 31/03/2022 31/05/2032 HUF
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 65/78 Issuer Type of security Security name Date of issue Date of maturity Ccy OTP Mortgage Bank Ltd. Mortgage bond OJB2029/A 25/07/2022 24/05/2029 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/1 18/11/2022 18/11/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/1 22/12/2022 05/01/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/1 17/02/2023 17/02/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/2 10/03/2023 10/03/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/3 31/03/2023 31/03/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/4 21/04/2023 21/04/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/5 12/05/2023 12/05/2024 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2028/III 01/06/2023 31/05/2028 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2029/III 01/06/2023 31/05/2029 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2030/III 01/06/2023 31/05/2030 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2031/II 01/06/2023 31/05/2031 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2032/II 01/06/2023 31/05/2032 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2033/I 01/06/2023 31/05/2033 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/6 02/06/2023 02/06/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/7 23/06/2023 23/06/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/8 30/06/2023 30/06/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/2 30/06/2023 30/06/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/9 28/07/2023 28/07/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/10 07/08/2023 07/08/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/11 01/09/2023 01/09/2024 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2032/A 20/09/2023 24/11/2032 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/12 25/09/2023 25/09/2024 HUF OTP Bank Plc. Retail bond OTP_TBSZ_HUF_2028/1 13/10/2023 15/12/2028 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/13 20/10/2023 20/10/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/14 17/11/2023 17/11/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/2 15/12/2023 15/12/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2024/15 20/12/2023 20/12/2024 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/3 12/01/2024 12/01/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/4 02/02/2024 02/02/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/5 01/03/2024 01/03/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/6 28/03/2024 28/03/2025 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2029/B 10/04/2024 20/06/2029 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/7 26/04/2024 26/04/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/8 24/05/2024 24/05/2025 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2029/IV 31/05/2024 31/05/2029 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2030/IV 31/05/2024 31/05/2030 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2031/III 31/05/2024 31/05/2031 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2032/III 31/05/2024 31/05/2032 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2033/II 31/05/2024 31/05/2033 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2034/I 31/05/2024 31/05/2034 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/9 07/06/2024 07/06/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/10 05/07/2024 05/07/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/11 02/08/2024 02/08/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/12 30/08/2024 30/08/2025 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2029/I 16/09/2024 31/10/2029 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/13 27/09/2024 27/09/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/14 31/10/2024 31/10/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/15 29/11/2024 29/11/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2025/16 18/12/2024 18/12/2025 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/3 17/01/2025 17/01/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/4 31/01/2025 31/01/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/5 14/02/2025 14/02/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/6 14/03/2025 14/03/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/7 11/04/2025 11/04/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/8 09/05/2025 09/05/2026 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2030/V 30/05/2025 31/05/2030 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2031/IV 30/05/2025 31/05/2031 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2032/IV 30/05/2025 31/05/2032 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2033/III 30/05/2025 31/05/2033 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2034/II 30/05/2025 31/05/2034 HUF OTP Bank Plc. Corporate bond OTP_DK_HUF_2035/I 30/05/2025 31/05/2035 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/9 06/06/2025 06/06/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/10 27/06/2025 27/06/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/11 16/07/2025 16/07/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/12 15/08/2025 15/08/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/13 12/09/2025 12/09/2026 HUF OTP Mortgage Bank Ltd. Mortgage bond OJB2032/B 22/09/2025 20/12/2032 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/14 10/10/2025 10/10/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/15 31/10/2025 31/10/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/16 21/11/2025 21/11/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2026/17 12/12/2025 12/12/2026 HUF OTP Bank Plc. Retail bond OTP_HUF_2027/1 16/01/2026 16/01/2027 HUF OTP Bank Plc. Retail bond OTP_HUF_2027/2 13/02/2026 13/02/2027 HUF OTP Bank Plc. Retail bond OTP_HUF_2027/3 13/03/2026 13/03/2027 HUF OTP Bank Plc. Retail bond OTP_HUF_260918 20/03/2026 18/09/2026 HUF OTP Bank Nyrt. Retail bond OTP_HUF_261015 16/04/2026 15/10/2026 HUF OTP Bank Nyrt. Retail bond OTP_HUF_2027/4 17/04/2026 17/04/2027 HUF OTP Bank Nyrt. Retail bond OTP_HUF_261112 14/05/2026 12/11/2026 HUF OTP Bank Nyrt. Retail bond OTP_HUF_2027/5 15/05/2026 15/05/2027 HUF OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2031/V 29/05/2026 31/05/2031 HUF OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2032/V 29/05/2026 31/05/2032 HUF OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2033/IV 29/05/2026 31/05/2033 HUF
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 66/78 Issuer Type of security Security name Date of issue Date of maturity Ccy OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2034/III 29/05/2026 31/05/2034 HUF OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2035/II 29/05/2026 31/05/2035 HUF OTP Bank Nyrt. Corporate bond OTP_DK_HUF_2036/I 29/05/2026 31/05/2036 HUF OTP Bank Nyrt. Retail bond OTP_HUF_261210 11/06/2026 10/12/2026 HUF OTP Bank Nyrt. Retail bond OTP_HUF_2027/6 12/06/2026 12/06/2027 HUF
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 67/78 RELATED-PARTY TRANSACTIONS The compensation of key management personnel, such as the members of the Board of Directors, members of the Supervisory Board, key employees of the Bank and its major subsidiaries involved in the decision-making process in accordance with the compensation categories defined in IAS 24 Related party disclosures, is summarised below . Compensations (in HUF million)1 1H 2025 1H 2026 Y-o-Y 2Q 2025 2025 1Q 2026 2Q 2026 Q-o-Q Y-o-Y Total compensation for key management personnel 9,350 13,353 43% 5,219 21,478 5,370 7,983 49% 53% Short-term employee benefits 7,115 9,167 29% 4,097 15,261 3,841 5,326 39% 30% Share-based payment 1,852 3,644 97% 891 5,257 1,345 2,299 71% 158% Other long-term employee benefits 383 514 34% 231 953 148 366 147% 58% Termination benefits 0 28 0 7 36 -8 -122% Loans to key management individuals and their close family members as well as to entities in which they have an interest 69,001 109,012 58% 69,001 92,754 109,208 109,012 0% 58% Credit lines of key management individuals and their close family members as well as entities in which they have an interest 44,709 87,874 97% 44,709 114,278 97,875 87,874 -10% 97% Loans provided to unconsolidated subsidiaries 2,260 2,033 -10% 2,260 2,026 2,164 2,033 -6% -10% 1 Due to the changes in the definition of key management personnel, figures are not comparable with previously published data .
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 68/78 Alternative performance measures pursuant to the National Bank of Hungary 5/2017. (V.24.) recommendation8 Alternative performance measures name Description Calculation (data in HUF million) 1H 2025 1H 2026 Leverage, consolidated9 The leverage ratio is calculated pursuant to Article 429 CRR. The calculation of the indicator is designed quarterly by the Bank for the prudential consolidation circle. The leverage ratio shall be calculated as an institution’s capital measure divided by that institution's total exposure measure and shall be expressed as a percentage. 10.3% 10.1% Example for 1H 2026: 5,148,215.3 = 10.1% 51,223,047.1 Example for 1H 2025: 4,907,990.0 = 10.3% 47,577,922.8 Liquidity Coverage Ratio (LCR) According to Article 412 (1) of CRR, the liquidity coverage ratio (LCR) is designed to promote short- term resilience of the Issuer’s / Group's liquidity risk profile and aims to ensure that the Issuer / Group has an adequate stock of unencumbered High Quality Liquid Assets (HQLA) to meet its liquidity needs for a 30 calendar day liquidity stress scenario. The LCR is expressed as: (stock of HQLA) / (total net cash outflows over the next 30 calendar days) ≥ 100%. The numerator of the LCR is the stock of HQLA (High Quality Liquid Assets). In order to qualify as HQLA, assets should be liquid in markets during a time of stress and, in most cases, be eligible for use in central bank operations. The denominator of the LCR is the total net cash outflows, defined as total expected cash outflows minus total expected cash inflow in the specified stress scenario for the subsequent 30 calendar days. Total cash inflows are subject to an aggregate cap of 75% of total expected cash outflows, thereby ensuring a minimum level of HQLA holdings at all times. 230.0% 212.3% Example for 1H 2026: 11,708,185.2 = 212.3% 7,035,758.7 - 1,521,523.6 Example for 1H 2025: 12,164,434.8 = 230.0% 7,186,468.1 - 1,897,974.5 ROE (accounting), consolidated The return on equity ratio shall be calculated the consolidated accounting profit after tax for the given period divided by the average equity, thus shows the effectiveness of the use of equity. The numerator of the indicator is the consolidated accounting profit after tax for the given period (annualized for periods less than one year), the denominator is the average consolidated equity. (The definition of average equity: calendar day -weighted average of the average balance sheet items in periods comprising the given period, where periods comprising the given period are defined as quarters (and within that months) in case of 1H, 9M and FY periods, and months in case of quarters. Furthermore, the average of the average balance sheet items is computed as the arithmetic average of closing balance sheet items for the previous period and the current period.) 20.3% 17.5% Example for 1H 2026: 482,737.6 * 2.0 = 17.5% 5,568,568.1 Example for 1H 2025: 518,591.3 * 2.0 = 20.3% 5,144,492.9 ROE (adjusted), consolidated The return on equity ratio shall be calculated the consolidated adjusted profit after tax for the given period divided by the average equity, thus shows the effectiveness of the use of equity. The numerator of the indicator is the consolidated adjusted profit after tax for the given period (annualized for periods less than one year), the denominator is the average consolidated equity. 20.3% 17.5% Example for 1H 2026: 482,737.6 * 2.0 = 17.5% 5,568,568.1 Example for 1H 2025: 518,591.3 * 2.0 = 20.3% 5,144,492.9 ROA (adjusted), consolidated The return on asset ratio shall be calculated the consolidated adjusted net profit for the given period divided by the average total asset, thus shows the effectiveness of the use of equity. The numerator of the indicator is the consolidated adjusted net profit for the given period, the denominator is the average consolidated total asset. (The definition of average asset: calendar day-weighted average of the average balance sheet items in periods comprising the given period, where periods comprising the given period are defined as quarters (and within that months) in case of 1H, 9M and FY periods, and months in case of quarters. Furthermore, the average of the average balance sheet items is computed as the arithmetic average of closing balance sheet items for the previous period and the current period.) 2.4% 2.1% Example for 1H 2026: 482,737.6 * 2.0 = 2.1% 46,796,785.4 Example for 1H 2025: 518,591.3 * 2.0 = 2.4% 44,461,949.0 8 The NBH’s recommendation (5/2017, 24 May) on Alternative Performance Measures (APM) came into effect from 1 June 2017, in lin e with ESMA’s guidance (ESMA/2015/1415) on the same matter. The recommendation is aimed at – amongst other things – enhancing the transparency, reliability, clarity and comparability of those APMs within the framework of regulated information and thus facilitating the protection of existin g and potential investors. 9 Based on the prudential consolidation scope, which is different from the consolidation scope used in this report.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 69/78 Alternative performance measures name Description Calculation (data in HUF million) 1H 2025 1H 2026 Operating profit margin (adjusted, without one-off items), consolidated The operating profit margin shall be calculated the consolidated adjusted net operating profit without one-off items for the given period divided by the average total assets, thus shows the effectiveness of the operating profit generation on total assets. The numerator of the indicator is the consolidated adjusted net operating profit without one-off items for the given period, the denominator is the average consolidated total assets. 3.94% 3.78% Example for 1H 2026: 877,789.0 * 2.0 = 3.78% 46,796,785.4 Example for 1H 2025: 868,846.8 * 2.0 = 3.94% 44,461,949.0 Total income margin (adjusted, without one-off items), consolidated The total income margin shall be calculated the consolidated adjusted total income without one-off items for the given period divided by the average total assets, thus shows the effectiveness of income generation on total assets. The numerator of the indicator is the consolidated adjusted total income without one - off items for the given period (annualized for periods less than one year), the denominator is the average consolidated total assets. 6.52% 6.52% Example for 1H 2026: 1,512,182.3 * 2.0 = 6.52% 46,796,785.4 Example for 1H 2025: 1,436,738.1 * 2.0 = 6.52% 44,461,949.0 Net interest margin (adjusted), consolidated The net interest margin shall be calculated the consolidated adjusted net interest income for the given period divided by the average total assets, thus shows the effectiveness of net interest income generation on total assets. The numerator of the indicator is the consolidated adjusted net interest income for the given period (annualized for periods less than one year), the denominator is the average consolidated total assets. 4.29% 4.61% Example for 1H 2026: 1,068,678.1 * 2.0 = 4.61% 46,796,785.4 Example for 1H 2025: 946,382.5 * 2.0 = 4.29% 44,461,949.0 Operating cost (adjusted)/ total assets, consolidated The indicator shows the operational efficiency. The numerator of the indicator is the consolidated adjusted operating cost for the given period (annualized for periods less than one year), the denominator is the average consolidated total assets. 2.58% 2.73% Example for 1H 2026: 634,393.3 * 2.0 = 2.73% 46,796,785.4 Example for 1H 2025: 567,891.2 * 2.0 = 2.58% 44,461,949.0 Cost/income ratio (adjusted, without one-off items), consolidated The indicator is another measure of operational efficiency. The numerator of the indicator is the consolidated adjusted operating cost for the given period, the denominator is the adjusted operating income (without one -off items) for the given period. 39.5% 42.0% Example for 1H 2026: 634,393.3 = 42.0% 1,512,182.3 Example for 1H 2025: 567,891.2 = 39.5% 1,436,738.1 Provision for impairment on loan and placement losses (adjusted)/ average (adjusted) gross loans, consolidated The indicator provides information on the amount of impairment on loan and placement losses relative to gross customer loans. The numerator of the indicator is the consolidated adjusted provision for impairment on loan and placement losses for the given period (annualized for periods less than one year), the denominator is the adjusted consolidated gross customer loans for the given period. (The definition of average (adjusted) gross customer loans: calendar day-weighted average of the average balance sheet items in periods comprising the given period, where periods comprising the given period are defined as quarters (and within that months) in case of 1H, 9M and FY periods, and months in case of quarters. Furthermore, the average of the average balance sheet items is computed as the arithmetic average of closing balance sheet items for the previous period and the current period.) 0.66% 0.76% Example for 1H 2026: 102,115.1 * 2.0 = 0.76% 27,250,621.4 Example for 1H 2025: 82,104.6 * 2.0 = 0.66% 24,938,927.6 Total risk cost (adjusted)/ total asset ratio, consolidated The indicator shows the amount of total risk cost relative to the balance sheet total. The numerator of the indicator is consolidated adjusted total risk cost for the given period (annualized for periods less than one year), the denominator is the average consolidated total assets for the given period. 0.45% 0.36% Example for 1H 2026: 83,666.1 * 2.0 = 0.36% 46,796,785.4 Example for 1H 2025: 99,387.6 * 2.0 = 0.45% 44,461,949.0
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 70/78 Alternative performance measures name Description Calculation (data in HUF million) 1H 2025 1H 2026 Effective tax rate (adjusted), consolidated The indicator shows the amount of corporate income tax10 accounted on pre-tax profit. The numerator of the indicator is consolidated adjusted corporate income tax 10 for the given period, the denominator is the consolidated adjusted pre -tax profit for the given period. 32.6% 39.2% Example for 1H 2026: 311,385.3 = 39.2% 794,122.9 Example for 1H 2025: 250,868.0 = 32.6% 769,459.2 Net loan/deposit ratio (FX- adjusted), consolidated The net loan to deposit ratio is the indicator for assessing the bank's liquidity position. The numerator of the indicator is the consolidated net consumer loan volume (gross loan reduced the amount of provision), the denominator is the end of period consolidated consumer FX-adjusted deposit volume. 75% 78% Example for 1H 2026: 26,457,017.8 = 78% 33,746,790.2 Example for 1H 2025: 22,537,011.2 = 75% 30,243,831.8 10 In addition to corporate income tax es, this line includes 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 dividend payments by subsidiaries.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 71/78 SUPPLEMENTARY DATA
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 72/78 METHODOLOGICAL SUMMARY FOR PROFIT LINE PROFIT AFTER TAX CONSIDERING THE PRORATED RECOGNITION OF SPECIAL ITEMS BOOKED IN ONE SUM FOR THE FULL YEAR The profit after tax considering the prorated recognition of special items booked in one sum for the full year presened in th e consolidated and OTP Core P&Ls include the amount of Hungarian banking and windfall tax, card transaction levy and contributions into the Compensation Fund in 2025, as well as deposit insurance fees in Bulgaria and Slovenia. For the sake of transparency, the following table presents the breakdown of the difference of the two profit lines shown in the Report for the basis and current periods. HUF million 2Q 2025 1H 2025 2025 1Q 2026 2Q 2026 1H 2026 Consolidated profit after tax 330,015 518,591 1,146,325 176,970 305,767 482,738 Consolidated profit after tax considering the prorated recognition of special items booked in one sum for the full year 293,333 591,955 1,146,325 324,412 255,922 580,334 Special expenditure items, after tax Full-year amount Prorated amount Accounted amount Difference Full-year amount Prorated amount Accounted amount Difference Full-year amount Prorated amount Accounted amount Difference Full-year amount Prorated amount Accounted amount Difference Full-year amount Prorated amount Accounted amount Difference Full-year amount Prorated amount Accounted amount Differenc e (a) (b)=(a)/4 (c) (c)-(b) (a) (b)=(a)/2 (c) (c)-(b) (a) (b)=(a) (c) (c)-(b) (a) (b)=(a)/4 (c) (c)-(b) (a) (b)=(a)/4 (c) (c)-(b) (a) (b)=(a)/2 (c) (c)-(b) TOTAL 99,173 24,793 -11,889 -36,682 99,173 49,587 122,951 73,364 99,173 99,173 99,173 0 153,128 38,282 185,723 147,441 151,731 37,933 -11,913 -49,846 151,731 75,865 173,461 97,596 OTP Hungary 82,367 20,592 -11,889 -32,480 82,367 41,184 106,144 64,961 82,367 82,367 82,367 0 138,124 34,531 170,720 136,189 138,124 34,531 -10,865 -45,396 138,124 69,062 159,855 90,793 OTP Core 80,438 20,109 -11,889 -31,998 80,438 40,219 104,215 63,996 80,438 80,438 80,438 0 135,195 33,799 167,791 133,992 135,195 33,799 -10,865 -44,664 135,195 67,598 156,926 89,328 Banking tax 28,680 7,170 0 -7,170 28,680 14,340 28,680 14,340 28,680 28,680 28,680 0 30,327 7,582 30,327 22,746 30,327 7,582 0 -7,582 30,327 15,164 30,327 15,164 Windfall tax 48,853 12,213 -11,889 -24,102 48,853 24,427 72,631 48,204 48,853 48,853 48,853 0 103,009 25,752 135,605 109,853 103,009 25,752 -10,865 -36,618 103,009 51,505 124,740 73,235 Card transaction levy 1,831 458 0 -458 1,831 916 1,831 916 1,831 1,831 1,831 0 1,859 465 1,859 1,394 1,859 465 0 -465 1,859 929 1,859 929 Compensation Fund 1,073 268 0 -268 1,073 536 1,073 536 1,073 1,073 1,073 0 - - - - - - - - - - - - Merkantil and other Hungarian subsidaries 1,929 482 0 -482 1,929 965 1,929 965 1,929 1,929 1,929 0 2,929 732 2,929 2,196 2,929 732 0 -732 2,929 1,464 2,929 1,464 Banking tax 1,203 301 0 -301 1,203 602 1,203 602 1,203 1,203 1,203 0 1,480 370 1,480 1,110 1,480 370 0 -370 1,480 740 1,480 740 Windfall tax 726 181 0 -181 726 363 726 363 726 726 726 0 1,449 362 1,449 1,087 1,449 362 0 -362 1,449 725 1,449 725 Foreign subsidaries 16,806 4,202 0 -4,202 16,806 8,403 16,806 8,403 16,806 16,806 16,806 0 15,004 3,751 15,004 11,253 13,607 3,402 -1,048 -4,449 13,607 6,803 13,607 6,803 Deposit insurance fees in Bulgaria 12,447 3,112 0 -3,112 12,447 6,223 12,447 6,223 12,447 12,447 12,447 0 9,602 2,401 9,602 7,202 8,702 2,176 -675 -2,851 8,702 4,351 8,702 4,351 Deposit insurance fees in Slovenia 4,359 1,090 0 -1,090 4,359 2,180 4,359 2,180 4,359 4,359 4,359 0 5,401 1,350 5,401 4,051 4,905 1,226 -373 -1,599 4,905 2,452 4,905 2,452
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 73/78 FOOTNOTES OF THE TABLE ‘CONSOLIDATED PROFIT AFTER TAX BREAKDOWN BY SUBSIDIARIES (IFRS)’ General note: regarding OTP Core and other subsidiaries, the adjusted profit after tax is calculated without the effect of adjustment items. (1) Aggregated adjusted profit after tax of OTP Core and foreign banks. (2) OTP Core is an economic unit for measuring the result of core business activity of OTP Group in Hungary. Financials of OTP Core are calculated from the partially consolidated IFRS financial statements of certain companies engaged in OTP Group’s operati on in Hungary. These companies include OTP Bank Hungary Plc., OTP Mortgage Bank Ltd. Ltd, OTP Building Society Ltd, OTP Factoring Ltd, OTP Financial Point Ltd., OTP Bank Employee Stock Ownership Plan Organization, MONICOMP Ltd., OTP Ingatlanpont Llc., SimplePay Plc., OTP Home Solutions Llc., CIL Babér Ltd., BANK CENTER No. 1. Ltd., OD Ltd., HelloPay Plc. and companies providing intragroup financing. (3) The result and balance sheet of OTP Leasing EOOD, as well as OTP Factoring Bulgaria EAD until 2Q 2023, and DSK Leasing AD until 4Q 2024 is included. (4) Including the statement of recognised income and balance sheet of SKB Leasing d.o.o., SKB Leasing Select d.o.o. and OTP factoring d.o.o. In august 2024 the merger of SKB Banka and Nova KBM was completed. (5) The statement of recognised income and balance sheet of OTP Leasing d.d. was included. (6) The financial performance of OTP Factoring Serbia d.o.o, OTP Leasing Srbija d.o.o., OTP Osiguranje A.D.O. and OTP Services d.o.o. is included. (7) Figures are based on the aggregated financial statements of OTP Bank JSC and LLC OTP Leasing, as well as OTP Factoring Ukraine LLC until 3Q 2024. (8) The statement of recognised income and balance sheet of OTP Debt Collection d.o.o. is included. (9) The statement of recognised income and balance sheet of LLC MFO “OTP Finance” is included. (10) The subconsolidated adjusted profit after tax of Merkantil Group (Merkantil Bank Ltd., Merkantil Bérlet Ltd., OTP Real Estate Leasing Ltd., NIMO 2002 Ltd., SPLC-P Ltd., SPLC Ltd.) was presented. (11) LLC AMC OTP Capital, DSK Asset Management EAD (Bulgaria), OTP Invest a.d. Belgrade (Serbia), OTP Invest d.o.o. (Croatia), OTP Skladi d.o.o. (Slovenia), and OTP Asset Management SAI S.A. (Romania) until September 2024. (12) Velvin Ventures Ltd. (Belize), Mendota Invest d.o.o. (Slovenia), R.E. Four d.o.o. and Novi Sad (Serbia), as well as SC Aloha Buzz SRL, SC Favo Consultanta SRL, SC Tezaur Cont SRL (Romania), OTP Solution Fund (Ukraine) until 4Q 2024. (13) The adjusted profit after tax of the Hungarian operation line includes the adjusted profit after tax of the Hungarian subsidiaries, as well as the eliminations allocated onto these entities. (14) The adjusted profit after tax of the Foreign operation line includes the adjusted profit after tax of the Foreign subsidiaries, as well as the eliminations allocated onto these entities.
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 74/78 CALCULCULATION OF THE ADJUSTED LINES OF IFRS PROFIT AND LOSS STATEMENTS, AS WELL AS THE ADJUSTED BALANCE SHEET LINES PRESENTED IN THE REPORT, AND THE METHODOLOGY FOR CALCULATING THE FX-ADJUSTED BALANCE SHEET AND P&L DYNAMICS In order to present Group performance reflecting the underlying business trends, the presented consolidated and separate / sub-consolidated profit and loss statements of this report were adjusted, among others, in the following ways, and the adjusted P&Ls are shown and analysed in the Report (unless otherwise stated). Consolidated financial statements together with separate figures of OTP Bank are disclosed in the Financial Data section. Adjustments affecting the income statement: • The after tax effect of adjustment items (certain, typically one-off items from banking operations’ point of view) are shown and analysed separately in the Statement of Recognised Income. Adjustment items include goodwill impairment and the direct effect of acquisition s (latter includes three items: badwill and initial risk cost related to acquisitions, and the gain or loss on the sale of a subsidiary). • Performance indicators (such as cost/income ratio, net interest margin, risk cost to average gross loans as well as ROA and ROE ratios, etc.) presented in this report are calculated on the basis of the adjusted profit and loss statement excluding adjustmen t items (unless otherwise indicated). • In the Consolidated financial highlights and share data table the Book Value Per Share and the Tangible Book Value Per Share, as well as indicators derived from these are calculated based on the consolidated diluted share count used for EPS calculation. • The FX-adjusted changes of certain consolidated or sub-consolidated P&L lines in HUF terms may be presented in this Report. According to the applied methodology in the case of the P&L lines, the FX effect is filtered out only in relation to the currency of the given country, irrespective of the transactional currency mix in which the given P&L line materialized. Thus, for instance, as for the consolidated FX-adjusted operating cost development, the effect of the Hungarian Forint rate changes against the given currency is not eliminated in the case of the cost items arising in FX within the Hungarian cost base. Adjustments affecting the balance sheet: • In the adjusted balance sheet, net customer loans include the stock of loans at amortized cost, loans mandatorily at fair value through profit or loss, and finance lease receivables. • Within the report, FX-adjusted statistics for business volume developments and their product breakdown, as well as the FX-adjusted stock of allowances for loan losses are disclosed, too. For FX -adjustment, the closing cross currency rates for the current period were used to calculate the HUF equivalent of loan and deposit volumes in the base periods. Thus, the FX -adjusted volumes for the base periods are different from those published in previous reports
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HALF-YEAR FINANCIAL REPORT – FIRST HALF 2026 RESULT 75/78 ADJUSTMENTS OF CONSOLIDATED IFRS P&L LINES 25 1Q 25 2Q 25 1H 25 3Q 25 4Q Auditált 2025 Auditált 26 1Q 26 2Q 26 1H Net interest income 464,456 479,948 944,404 488,029 508,139 1,940,571 526,111 540,226 1,066,337 (-) Reclassification due to the introduction of IFRS16 -952 -1,027 -1,979 -1,004 -1,071 -4,053 -1,171 -1,170 -2,341 Net interest income (adj.) 465,408 480,975 946,382 489,032 509,210 1,944,625 527,282 541,396 1,068,678 Net fees and commissions 251,848 258,095 509,943 252,613 263,689 1,026,245 222,889 244,904 467,794 (+) Financial Transaction Tax -41,331 -40,210 -81,541 -39,504 -42,467 -163,512 -42,443 -41,452 -83,895 (-) Structural shift of income from currency exchange from net fees to the FX result 71,256 65,897 137,153 60,425 60,830 258,409 42,568 51,067 93,635 Net fees and commissions (adj.) 139,261 151,987 291,248 152,684 160,392 604,324 137,878 152,385 290,263 Foreign exchange result -3,142 3,759 618 -723 4,261 4,156 -4,555 1,231 -3,324 (+) Structural shift of income from currency exchange from net fees to the FX result 71,256 65,897 137,153 60,425 60,830 258,409 42,568 51,067 93,635 Foreign exchange result (adj.) 68,114 69,657 137,771 59,703 65,091 262,565 38,013 52,298 90,311 Gain/loss on securities, net 4,436 13,308 17,745 3,205 1,058 22,008 7,169 18,016 25,185 (+) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Gain/loss on securities, net) 28 11 39 -381 -1,440 -1,782 -342 -52 -393 (+) Shifting of the Gains and losses on non-trading securities mandatorily at fair value through profit or loss line from the Net other non-interest income to the Gains or losses from securities line 4,766 6,381 11,148 649 10,157 21,953 2,084 4,016 6,101 Gain/loss on securities, net (adj.) 9,230 19,701 28,931 3,473 9,775 42,180 8,912 21,981 30,892 Gains and losses on real estate transactions 2,141 2,050 4,192 1,655 1,627 7,473 1,025 1,871 2,897 Result of discontinued operation and gains from disposal of subsidiaries classified as held for sale (adjusted) 0 0 0 0 0 0 -381 0 -381 (+) Other non-interest income 26,982 40,628 67,609 34,690 30,981 133,281 13,938 20,671 34,608 (+) Net results on derivative instruments and hedge relationships 1,853 -4,494 -2,641 5,961 -4,634 -1,315 20,423 -42,556 -22,134 (+) Net insurance result 566 993 1,558 883 934 3,375 869 1,091 1,960 (+) Losses on loans measured mandatorily at fair value through other comprehensive income and on securities at amortized cost -3,145 -6,701 -9,846 11,993 6,131 8,278 7,953 11,860 19,813 (+) Profit from associates 148 22,132 22,280 -1,136 299 21,443 3,840 15,782 19,622 (-) Shifting of the Gains and losses on non-trading securities mandatorily at fair value through profit or loss line from the Net other non-interest income to the Gains or losses from securities line 4,766 6,381 11,148 649 10,157 21,953 2,084 4,016 6,101 (+) Other other non-interest expenses -15,370 -22,442 -37,812 -19,629 -26,083 -83,524 -2,406 -13,920 -16,326 (+) Shifting of the costs of mediated services at Merkantil Bérlet Ltd. to the net other non-interest result line -488 -635 -1,123 -617 -679 -2,418 -598 -657 -1,255 (+) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Net other non-interest result) -50 -78 -128 -89 -29 -246 -48 -27 -75 (+) Shifting of the depreciation of leased vehicles at Merkantil Bérlet Ltd. to the net other non-interest result line -257 -280 -537 -285 -302 -1,125 -298 -292 -591 Net other non-interest result (adj.) 7,613 24,791 32,405 32,776 -1,912 63,269 42,231 -10,194 32,038 Gain from derecognition of financial assets at amortized cost -93 -1,832 -1,926 -137 1,363 -699 3,108 7,603 10,711 (-) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Gain/loss on securities, net) 28 11 39 -381 -1,440 -1,782 -342 -52 -393 (-) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Provision for impairment on loan losses) -71 -1,766 -1,837 334 2,832 1,329 3,498 7,681 11,179 (-) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Net other non-interest result) -50 -78 -128 -89 -29 -246 -48 -27 -75 Gain from derecognition of financial assets at amortized cost (adj.) 0 0 0 0 0 0 0 0 0 Provision for impairment on loan and placement losses -25,047 -45,351 -70,398 -49,447 -35,601 -155,445 -33,697 -49,500 -83,197 (+) Modification gains or losses -138 -4,643 -4,780 -123 -4,480 -9,383 229 -24,921 -24,692 (+) Change in the fair value attributable to changes in the credit risk of loans mandatorily measured at fair value through profit of loss -493 -707 -1,201 -68 1,379 111 -629 -1,485 -2,114 (+) Loss allowance on securities at fair value through other comprehensive income and on securities at amortized cost -8,591 -2,829 -11,419 -1,375 20,211 7,417 7,602 5,987 13,589 (+) Provision for commitments and guarantees given 1,518 -4,920 -3,402 -1,434 -1,623 -6,459 -375 -5,033 -5,409 (+) Impairment of assets subject to operating lease and of investment properties -3,224 -777 -4,000 300 1 -3,699 6 -132 -126 (-) Structural correction between Provision for loan losses and Other provisions -11,814 -3,606 -15,420 -1,075 20,213 3,718 7,608 5,855 13,463 (+) Structural adjustment due to the Gain from derecognition of financial assets at amortized cost line (against Provision for impairment on loan losses) -71 -1,766 -1,837 334 2,832 1,329 3,498 7,681 11,179 (-) Shifting of provision for impairment on placement losses to the other provisions line 244 243 487 -179 -1,368 -1,060 545 -2,663 -2,118 Provision for impairment on loan losses (adj.) -24,475 -57,630 -82,105 -50,558 -36,125 -168,788 -31,520 -70,595 -102,115 Depreciation -35,514 -37,941 -73,456 -39,155 -40,516 -153,127 -39,455 -41,274 -80,729 (+) Goodwill impairment -674 -674 0 0 0 (-) Reclassification due to the introduction of IFRS16 -4,386 -4,540 -8,926 -4,470 -4,565 -17,960 -4,612 -4,387 -9,000 (-) Shifting of the depreciation of leased vehicles at Merkantil Bérlet Ltd. to the net other non-interest result line -257 -280 -537 -285 -302 -1,125 -298 -292 -591
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SUMMARY OF THE FIRST QUARTER 20 26 RESULTS 76/78 25 1Q 25 2Q 25 1H 25 3Q 25 4Q Auditált 2025 Auditált 26 1Q 26 2Q 26 1H Depreciation (adj.) -30,871 -33,121 -63,993 -34,400 -36,323 -134,716 -34,545 -36,594 -71,139 Personnel expenses -144,528 -153,981 -298,509 -156,233 -175,533 -630,275 -158,726 -171,899 -330,625 Personnel expenses (adj.) -144,528 -153,981 -298,509 -156,233 -175,533 -630,275 -158,726 -171,899 -330,625 Income taxes -55,850 -73,935 -129,786 -69,287 -55,854 -254,926 -53,078 -77,333 -130,411 (+) Tax deductible transfers to spectator sports (offset against corporate taxes) -355 0 -355 0 0 -355 -398 0 -398 (+) Structural reclassification between Corporate income tax and Other non-interest expenses -1,233 -782 -2,015 -740 -911 -3,667 -1,009 -854 -1,864 (+) Special taxes on financial institutions -129,174 10,462 -118,712 10,546 10,662 -97,504 -188,177 9,465 -178,713 Corporate income tax (adj.) -186,613 -64,255 -250,868 -59,481 -46,103 -356,452 -242,662 -68,723 -311,385 Other operating expense -17,476 -32,233 -49,710 -28,046 -75,039 -152,795 -534 -19,710 -20,243 (-) Other costs and expenses -2,718 -2,448 -5,167 -2,550 -3,839 -11,556 -2,946 -3,230 -6,176 (-) Other non-interest expenses -17,634 -23,901 -41,534 -20,280 -46,580 -108,394 -5,152 -15,112 -20,264 (+) Structural correction between Provision for loan losses and Other provisions -11,814 -3,606 -15,420 -1,075 20,213 3,718 7,608 5,855 13,463 (+) Shifting of provision for impairment on placement losses to the other provisions line 244 243 487 -179 -1,368 -1,060 545 -2,663 -2,118 (-) Shifting of certain expenses arising from mediated services from other provisions to the other non- interest expenses line -289 -370 -659 -443 -476 -1,578 -379 -528 -907 Other provisions (adj.) -8,406 -8,877 -17,283 -6,027 -5,299 -28,609 16,097 2,352 18,449 Other general expenses -268,130 -120,554 -388,684 -121,689 -148,865 -659,238 -346,761 -129,630 -476,391 (+) Other costs and expenses -2,718 -2,448 -5,167 -2,550 -3,839 -11,556 -2,946 -3,230 -6,176 (+) Other non-interest expenses -17,634 -23,901 -41,534 -20,280 -46,580 -108,394 -5,152 -15,112 -20,264 (-) Other other non-interest expenses -15,370 -22,442 -37,812 -19,629 -26,083 -83,524 -2,406 -13,920 -16,326 (-) Special taxes on financial institutions -129,174 10,462 -118,712 10,546 10,662 -97,504 -188,177 9,465 -178,713 (-) Tax deductible transfers to spectator sports (offset against corporate taxes) -355 0 -355 0 0 -355 -398 0 -398 (-) Financial Transaction Tax -41,331 -40,210 -81,541 -39,504 -42,467 -163,512 -42,443 -41,452 -83,895 (-) Direct effect of acquisitions 0 0 0 0 0 0 0 0 0 (+) Reclassification due to the introduction of IFRS16 -5,338 -5,567 -10,904 -5,473 -5,636 -22,013 -5,784 -5,558 -11,341 (-) Shifting of the costs of mediated services at Merkantil Bérlet Ltd. to the net other non-interest result line -488 -635 -1,123 -617 -679 -2,418 -598 -657 -1,255 (+) Shifting of certain expenses arising from mediated services from other provisions to the other non- interest expenses line -289 -370 -659 -443 -476 -1,578 -379 -528 -907 (-) Structural reclassification between Corporate income tax and Other non-interest expenses -1,233 -782 -2,015 -740 -911 -3,667 -1,009 -854 -1,864 Other non-interest expenses (adj.) -106,158 -99,232 -205,389 -100,491 -145,918 -451,798 -125,990 -106,640 -232,629
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SUMMARY OF THE FIRST QUARTER 20 26 RESULTS 77/78 ADJUSTMENTS OF CONSOLIDATED IFRS BALANCE SHEET LINES in HUF million 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Gross customer loans (incl. loans at amortized cost and loans mandatorily at fair value through profit or loss) (incl. accrued interest receivables related to loans) 23,267,756 23,869,102 24,260,779 25,249,892 26,137,754 25,790,465 Gross finance lease receivables 1,546,374 1,616,048 1,625,829 1,613,570 1,655,066 1,661,158 Gross customer loans (adjusted) 24,814,130 25,485,150 25,886,608 26,863,462 27,792,820 27,451,623 Allowances for loan losses (for both loans at amortized cost and loans mandatorily at fair value through profit or loss) -956,373 -984,336 -1,001,742 -1,009,092 -1,013,977 -969,838 Impairment of finance lease receivables -32,862 -26,646 -26,462 -25,020 -25,476 -24,767 Allowances for loan losses (adjusted) -989,235 -1,010,983 -1,028,204 -1,034,112 -1,039,454 -994,605 Deposits from customers 32,419,089 32,746,169 33,379,889 33,732,763 34,865,046 33,721,692 (+) Fair value changes of the hedged items in portfolio hedge of interest rate risk 6,204 7,568 4,189 1,503 -17,744 25,098 Deposits from customers (adjusted) 32,425,293 32,753,737 33,384,078 33,734,266 34,847,302 33,746,790
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OTP Bank Plc. Postal address: P.O.Box: 501 Budapest H -1876 Hungary Phone: +36 1 473 5460 E-mail: investor.relations@otpbank.hu Internet: www.otpbank.hu