The OTP has continued to rise significantly, despite the fact that this is only the latest major development.
The OTP loan portfolio continues to grow, margins are improving, and the return on equity remains excellent. The underlying processes are stable, but the numbers are made more difficult to interpret due to extra items, such as interest rate caps and bank-specific fees. The management has revised its forecast, and important information has been hidden in the press release. More details can be found in the announcement.
Credit portfolios are growing nicely, margins are improving, and the return on equity remains outstanding at OTP. The numbers are somewhat difficult to understand due to additional items (interest caps, subsidized consumer loans, bank-specific taxes, fees, OTP-Mol share exchange, and portfolio revaluation, and Russian FX conversion, etc.), and we haven’t even discussed the impact of the forint strengthening. In the meantime, management has revised its forecast, and there is an interesting piece of information hidden in the interim report. We will reveal the details!
