OTP's quarterly performance exceeded expectations

OTP Bank reported a net profit of 355 billion HUF for Q3 2026, exceeding analysts' expectations by 8%. This marks the second-highest quarterly profit for the bank, up 16% from the previous quarter. Analysts had anticipated a profit of 329.246 billion HUF, indicating a 9% quarterly growth but stagnation year-on-year. The bank's tax burden was significantly lower than expected due to a one-time tax benefit from restructuring its Slovenian subsidiary. Lending remains strong, with a 12% increase in loan volume since the beginning of the year. Despite rising costs, the bank maintains its forecast for a 15% growth in loans and higher interest margins for the year.