Financial highlights
Consolidated financial highlights and share data
Main
components of the Statement of recognised income
in HUF million
| 3Q 2018 | 2Q 2019 | 3Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| Consolidated after tax profit | 85 933 | 105 378 | 131 644 | 25% | 53% |
| Adjustments (after tax) (total) | -6 755 | -6 852 | 21 173 | -409% | -413% |
| Consolidated adjusted after tax profit without the effect of adjustments | 92 688 | 112 230 | 110 471 | -2% | 19% |
| Pre-tax profit | 104 027 | 126 102 | 123 460 | -2% | 19% |
| Operating profit | 105 924 | 124 177 | 137 119 | 10% | 29% |
| Total income | 227 677 | 259 278 | 273 216 | 5% | 20% |
| Net interest income | 153 892 | 170 690 | 177 063 | 4% | 15% |
| Net fees and commissions | 57 814 | 66 825 | 72 953 | 9% | 26% |
| Other net non-interest income | 15 971 | 21 763 | 23 200 | 7% | 45% |
| Operating expenses | -121 753 | -135 101 | -136 096 | 1% | 12% |
| Total risk costs | -2 532 | -4 385 | -11 633 | 165% | 359% |
| One off items | 636 | 6 310 | -2 026 | -132% | -419% |
| Corporate taxes | -11 339 | -13 872 | -12 988 | -6% | 15% |
Main components of balance sheet (closing balances in HUF million)
| 3Q 2018 | 2Q 2019 | 3Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| Total assets | 14 362 575 | 16 458 378 | 18 971 033 | 15% | 32% |
| Total customer loans (net, FX adjusted) | 8 162 497 | 9 736 534 | 11 066 584 | 14% | 36% |
| Total customer loans (gross, FX adjusted) | 8 916 962 | 10 449 606 | 11 784 419 | 13% | 32% |
| Allowances for possible loan losses (FX adjusted) | -754 464 | -713 072 | -717 835 | 1% | -5% |
| Total customer deposits (FX adjusted) | 11 338 553 | 13 012 210 | 14 653 646 | 13% | 29% |
| Issued securities | 338 155 | 385 398 | 398 097 | 3% | 18% |
| Subordinated loans | 82 173 | 81 532 | 252 141 | 209% | 207% |
| Total shareholders' equity | 1 770 656 | 1 992 844 | 2 203 898 | 11% | 24% |
Indicators based on adjusted earnings %
| 3Q 2018 | 2Q 2019 | 3Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| ROE (from accounting net earnings) | 19,6% | 21,9% | 24,9% | 3,0%p | 5,3%p |
| ROE (from adjusted net earnings) | 21,2% | 23,3% | 20,9% | -2,4%p | -0,3%p |
| ROA (from adjusted net earnings) | 2,6% | 2,8% | 2,5% | -0,3%p | -0,1%p |
| Operating profit margin | 2,96% | 3,05% | 3,09% | 0,03%p | 0,13%p |
| Total income margin | 6,36% | 6,38% | 6,15% | -0,22%p | -0,21%p |
| Net interest margin | 4,30% | 4,20% | 3,99% | -0,21%p | -0,31%p |
| Cost-to-asset ratio | 3,40% | 3,32% | 3,07% | -0,26%p | -0,34%p |
| Cost/income ratio | 53,5% | 52,1% | 49,8% | -2,3%p | -3,7%p |
| Provision for impairment on loan and placement losses-to-average gross loans ratio | 0,17% | 0,15% | 0,25% | 0,10%p | 0,08%p |
| Total risk cost-to-asset ratio | 0,07% | 0,11% | 0,26% | 0,15%p | 0,19%p |
| Effective tax rate | 10,9% | 11,0% | 10,5% | -0,5%p | -0,4%p |
| Net loan/(deposit+retail bond) ratio (FX adjusted) | 72% | 75% | 76% | 1%p | 4%p |
| Capital adequacy ratio (consolidated, IFRS) - Basel2 | 16,2% | 17,4% | 16,8% | -0,6%p | 0,7%p |
| Tier1 ratio - Basel3 | 14,3% | 15,9% | 14,3% | -1,6%p | 0,0%p |
| Common Equity Tier 1 ('CET1') ratio - Basel3 | 14,3% | 15,9% | 14,3% | -1,6%p | 0,0%p |
Share Data
| 3Q 2018 | 2Q 2019 | 3Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| EPS diluted (HUF) (from unadjusted net earnings) | 328 | 402 | 504 | 25% | 54% |
| EPS diluted (HUF) (from adjusted net earnings) | 354 | 428 | 422 | -2% | 19% |
| Closing price (HUF) | 10 320 | 11 300 | 12 790 | 13% | 24% |
| Highest closing price (HUF) | 10 690 | 13 230 | 12 900 | -2% | 21% |
| Lowest closing price (HUF) | 9 840 | 11 300 | 11 620 | 3% | 18% |
| Market Capitalization (EUR billion) | 8,9 | 9,8 | 10,7 | 9% | 20% |
| Book Value Per Share (HUF) | 6 324 | 7 117 | 7 871 | 11% | 24% |
| Tangible Book Value Per Share (HUF) | 5 737 | 6 429 | 7 117 | 11% | 24% |
| Price/Book Value | 1,6 | 1,6 | 1,6 | 2% | 0% |
| Price/Tangible Book Value | 1,8 | 1,8 | 1,8 | 2% | 0% |
| P/E (trailing, from accounting net earnings) | 9,4 | 9,3 | 9,2 | 0% | -1% |
| P/E (trailing, from adjusted net earnings) | 9,0 | 8,8 | 9,5 | 8% | 6% |
| Average daily turnover (EUR million) | 14 | 15 | 17 | 15% | 25% |
| Average daily turnover (million share) | 0,4 | 0,4 | 0,4 | 16% | 4% |