Financial highlights
Consolidated financial highlights and share data
Main
components of the Statement of recognised income
in HUF million
| 1Q 2018 | 4Q 2018 | 1Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| Consolidated after tax profit | 65,050 | 77,818 | 72,581 | -7% | 12% |
| Adjustments (after tax) (total) | -14,216 | 15,315 | -17,819 | -216% | 25% |
| Consolidated adjusted after tax profit without the effect of adjustments | 79,266 | 62,503 | 90,400 | 45% | 14% |
| Pre-tax profit | 89,696 | 67,240 | 101,826 | 51% | 14% |
| Operating profit | 92,830 | 87,603 | 108,758 | 24% | 17% |
| Total income | 206,335 | 227,773 | 239,716 | 5% | 16% |
| Net interest income | 143,614 | 156,448 | 162,670 | 4% | 13% |
| Net fees and commissions | 49,579 | 56,605 | 57,223 | 1% | 15% |
| Other net non-interest income | 13,142 | 14,719 | 19,823 | 35% | 51% |
| Operating expenses | -113,505 | -140,169 | -130,958 | -7% | 15% |
| Total risk costs | -1,289 | -20,277 | -6,197 | -69% | 381% |
| One off items | -1,845 | -86 | -735 | 753% | -60% |
| Corporate taxes | -10,430 | -4,737 | -11,426 | 141% | 10% |
Main components of balance sheet (closing balances in HUF million)
| 1Q 2018 | 4Q 2018 | 1Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| Total assets | 13,511,182 | 14,590,288 | 16,107,501 | 10% | 19% |
| Total customer loans (net, FX adjusted) | 7,229,845 | 8,099,951 | 9,076,474 | 12% | 26% |
| Total customer loans (gross, FX adjusted) | 8,011,380 | 8,764,916 | 9,758,776 | 11% | 22% |
| Allowances for possible loan losses (FX adjusted) | -781,535 | -664,966 | -682,301 | 3% | -13% |
| Total customer deposits (FX adjusted) | 10,595,274 | 11,317,154 | 12,402,053 | 10% | 17% |
| Issued securities | 258,602 | 417,966 | 381,912 | -9% | 48% |
| Subordinated loans | 75,266 | 81,429 | 81,201 | 0% | 8% |
| Total shareholders' equity | 1,592,448 | 1,826,657 | 1,870,102 | 2% | 17% |
Indicators based on adjusted earnings %
| 1Q 2018 | 4Q 2018 | 1Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| ROE (from accounting net earnings) | 16.2% | 17.1% | 15.9% | -1.2%p | -0.3%p |
| ROE (from adjusted net earnings) | 19.7% | 13.7% | 19.8% | 6.1%p | 0.1%p |
| ROA (from adjusted net earnings) | 2.4% | 1.7% | 2.4% | 0.7%p | 0.0%p |
| Operating profit margin | 2.83% | 2.40% | 2.86% | 0.46%p | 0.03%p |
| Total income margin | 6.28% | 6.25% | 6.30% | 0.05%p | 0.02%p |
| Net interest margin | 4.37% | 4.29% | 4.28% | -0.02%p | -0.10%p |
| Cost-to-asset ratio | 3.46% | 3.85% | 3.44% | -0.40%p | -0.01%p |
| Cost/income ratio | 55.0% | 61.5% | 54.6% | -6.9%p | -0.4%p |
| Provision for impairment on loan and placement losses-to-average gross loans ratio | 0.03% | 0.68% | 0.24% | -0.44%p | 0.21%p |
| Total risk cost-to-asset ratio | 0.04% | 0.56% | 0.16% | -0.39%p | 0.12%p |
| Effective tax rate | 11.6% | 7.0% | 11.2% | 4.2%p | -0.4%p |
| Net loan/(deposit+retail bond) ratio (FX adjusted) | 68% | 72% | 73% | 2%p | 5%p |
| Capital adequacy ratio (consolidated, IFRS) - Basel2 | 16.9% | 18.3% | 16.5% | -1.8%p | -0.5%p |
| Tier1 ratio - Basel3 | 15.0% | 16.5% | 14.9% | -1.6%p | -0.1%p |
| Common Equity Tier 1 ('CET1') ratio - Basel3 | 15.0% | 16.5% | 14.9% | -1.6%p | -0.1%p |
Share Data
| 1Q 2018 | 4Q 2018 | 1Q 2019 | Q-o-Q | Y-o-Y | |
|---|---|---|---|---|---|
| EPS diluted (HUF) (from unadjusted net earnings) | 248 | 297 | 377 | -7% | 12% |
| EPS diluted (HUF) (from adjusted net earnings) | 303 | 239 | 346 | 45% | 14% |
| Closing price (HUF) | 11,420 | 11,290 | 12,600 | 12% | 10% |
| Highest closing price (HUF) | 11,750 | 11,850 | 12,980 | 10% | 10% |
| Lowest closing price (HUF) | 10,790 | 9,835 | 11,270 | 15% | 4% |
| Market Capitalization (EUR billion) | 10.2 | 9.8 | 11.0 | 12% | 7% |
| Book Value Per Share (HUF) | 5,687 | 6,524 | 6,679 | 2% | 17% |
| Tangible Book Value Per Share (HUF) | 5,074 | 5,921 | 5,974 | 1% | 18% |
| Price/Book Value | 2.0 | 1.7 | 1.9 | 9% | -6% |
| Price/Tangible Book Value | 2.3 | 1.9 | 2.1 | 11% | -6% |
| P/E (trailing, from accounting net earnings) | 10.9 | 9.9 | 10.8 | 9% | -1% |
| P/E (trailing, from adjusted net earnings) | 10.8 | 9.7 | 10.5 | 8% | -3% |
| Average daily turnover (EUR million) | 17 | 22 | 18 | -20% | 4% |
| Average daily turnover (million share) | 0.5 | 0.6 | 0.5 | -28% | 1% |