OTP Bank's profit unexpectedly surged

OTP Bank reported a consolidated after-tax profit of 355 billion HUF for Q3, marking a 7% increase year-on-year. The results exceeded analysts' expectations of 329.246 billion HUF. Key factors contributing to the profit included improvements from its Slovenian subsidiary and housing loan support measures. The bank's normalized after-tax profit for the first three quarters rose by 1% to 887 billion HUF. The management maintained its growth expectations for 2026, projecting a 15% increase in organic loan volume and a net interest margin above 4.34%.