{"id":196865,"date":"2026-08-05T03:42:08","date_gmt":"2026-08-05T03:42:08","guid":{"rendered":"https:\/\/www.europesays.com\/hu\/196865\/"},"modified":"2026-08-05T03:42:08","modified_gmt":"2026-08-05T03:42:08","slug":"ez-is-eljott-mar-az-otp-nek-is-faj-ha-tul-eros-a-forint","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/hu\/196865\/","title":{"rendered":"Ez is elj\u00f6tt: m\u00e1r az OTP-nek is f\u00e1j, ha t\u00fal er\u0151s a forint"},"content":{"rendered":"<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"8k95c\">Kisebb meglepet\u00e9sre az elemz\u0151i <a href=\"https:\/\/www.economx.hu\/tozsde\/2026\/08\/03\/otp-negyedeves-jelentes-konszenzus\/\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">konszenzust\u00f3l<\/a> elmarad\u00f3 negyed\u00e9ves ad\u00f3zott profitr\u00f3l jelentett szerd\u00e1n az OTP csoport. Az <a href=\"https:\/\/www.bet.hu\/newkibdata\/129512083\/OTP_20262Q_h_final.pdf\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">elt\u00e9r\u00e9s<\/a> azonban nem jelent\u0151s, a szak\u00e9rt\u0151k 311 milli\u00e1rd forintos eredm\u00e9nyt v\u00e1rtak, ehelyett 305,8 milli\u00e1rd forint \u00e9rkezett. Ezzel a negyed\u00e9v teljes\u00edtm\u00e9nye 7 sz\u00e1zal\u00e9kkal maradt el a tavalyi b\u00e1zist\u00f3l.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"24qob\">Az egyik legfontosabb soron \u2013 nett\u00f3 kamatbev\u00e9telek \u2013 13 sz\u00e1zal\u00e9kkal l\u00e9pett el\u0151re a bankcsoport, az itt kimutatott 541,4 milli\u00e1rd forint magasabb lett a v\u00e1rtn\u00e1l. L\u00e9nyeg\u00e9ben egyetlen sor szerepel az eredm\u00e9nykimutat\u00e1sban, ahol minim\u00e1lisan alulteljes\u00edtett a bankcsoport, ez az egy\u00e9b, nem kamatjelleg\u0171 bev\u00e9telek: itt 64 milli\u00e1rd forintot mutatott ki az OTP.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"7rp9c\">Fontosabb mutat\u00f3k a 2. negyed\u00e9v v\u00e9g\u00e9n:<\/p>\n<p>Csoportszint\u0171 teljes\u00edt\u0151 hitel\u00e1llom\u00e1ny: 26 579,5 milli\u00e1rd forint (+17 sz\u00e1zal\u00e9k)Bet\u00e9tek: 33 746,8 milli\u00e1rd forint (+12 sz\u00e1zal\u00e9k)Saj\u00e1t t\u0151ke: 5509 milli\u00e1rd forint (+5 sz\u00e1zal\u00e9k)Saj\u00e1tt\u0151ke-ar\u00e1nyos profit (ROE): 22,2 sz\u00e1zal\u00e9k<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"e9dor\">A m\u00e1sodik negyed\u00e9vet egyszeri t\u00e9telek is rontott\u00e1k: p\u00e9ld\u00e1ul a <a href=\"https:\/\/www.economx.hu\/magyar-gazdasag\/2026\/06\/22\/karman-andras-kamatstop-tisza-kormany-euro-parlament\/\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">kamatstop<\/a> jogszab\u00e1ly m\u00f3dos\u00edt\u00e1sa Magyarorsz\u00e1gon ad\u00f3z\u00e1s ut\u00e1n 27,6 milli\u00e1rd forint negat\u00edv hat\u00e1ssal volt az OTP sz\u00e1maira.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"6o126\">A hitelint\u00e9zet az els\u0151 negyed\u00e9vben elsz\u00e1molta az extraprofitad\u00f3 (epa) teljes, eg\u00e9sz \u00e9ves \u00f6sszeg\u00e9t, 162,5 milli\u00e1rd forintot. Az \u00e9v k\u00f6zben \u00e9rv\u00e9nyes\u00edthet\u0151 levon\u00e1sok figyelembev\u00e9tel\u00e9vel most arra sz\u00e1m\u00edt a menedzsment, hogy epa soron v\u00e9g\u00fcl<\/p>\n<p>  <a rel=\"noopener nofollow\" href=\"https:\/\/indamediasales.hu\/2019\/06\/25\/quality_placement_minosegbiztositasi_tajekoztato_728\" target=\"_blank\" class=\"flex items-center\"><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.economx.hu\/neon\/static\/images\/brand\/quality_placement_logo.svg\" alt=\"Quality Placement\" width=\"150\" height=\"15\"\/><\/p>\n<p>  <\/a><\/p>\n<p>\n  hirdet\u00e9s<\/p>\n<p>    X<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"4ik4b\">kevesebb mint 115 milli\u00e1rd forint lesz az \u00e1llami elvon\u00e1s.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"5e3jt\">A p\u00e9nz\u00fcgyi jelent\u00e9s is kiemeli, hogy az eredm\u00e9nyt \u00e9s a m\u00e9rlegadatokat jelent\u0151sen befoly\u00e1solta a forint er\u0151s\u00f6d\u00e9se: a f\u00e9l\u00e9v v\u00e9gi eur\u00f3-forint \u00e1rfolyam 11, m\u00edg az \u00e1tlagos \u00e1rfolyam 8 sz\u00e1zal\u00e9kkal volt alacsonyabb, mint 2025-ben.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"8luu7\">Ez negat\u00edv hat\u00e1st jelent, hiszen a bankcsoport sz\u00e1mos tagja m\u00e1r az eur\u00f3\u00f6vezetben m\u0171k\u00f6dik. De megl\u00e1tszott a f\u0151 bev\u00e9teli forr\u00e1st jelent\u0151 nett\u00f3 kamateredm\u00e9nyen is, amely 13 sz\u00e1zal\u00e9kkal n\u0151tt \u00e9ves alapon, a deviza\u00e1rfolyam hat\u00e1sok kisz\u0171r\u00e9s\u00e9vel viszont 19 sz\u00e1zal\u00e9k volt a n\u00f6veked\u00e9s.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"bofoq\">A menedzsment egy ponton jav\u00edtott a teljes \u00e9vi eredm\u00e9nyv\u00e1rakoz\u00e1sokon:<\/p>\n<p>a teljes\u00edt\u0151 hitel\u00e1llom\u00e1ny organikusan 15 sz\u00e1zal\u00e9kkal n\u0151 (\u00e1rfolyamsz\u0171rten)a nett\u00f3 kamatmarzs meghaladja a tavalyi 4,34 sz\u00e1zal\u00e9kota m\u0171k\u00f6d\u00e9si k\u00f6lts\u00e9gek meghaladj\u00e1k a bev\u00e9telek 41,7 sz\u00e1zal\u00e9k\u00e1tROE: a tavalyi 21,6 sz\u00e1zal\u00e9k alatt alakulhat<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"frjjo\">Emellett fontos r\u00e9szletet \u00e1rult el a bank a m\u00falt h\u00f3napban bejelentett <a href=\"https:\/\/www.economx.hu\/tozsde\/2026\/07\/20\/otp-bank-akvizicio-luminor\/\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">Luminor<\/a> tranzakci\u00f3r\u00f3l, e szerint a v\u00e9tel\u00e1rat a k\u00f6nyv szerinti \u00e9rt\u00e9k alatt \u00e1llap\u00edtott\u00e1k meg. Ez m\u00e1rcius v\u00e9g\u00e9n 1,84 milli\u00e1rd eur\u00f3 volt.<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A\/\/www.economx.hu\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" class=\"!flex !items-center !gap-5 !py-2 !px-3 w-full !rounded-xl !font-bold cursor-pointer !no-underline relative !bg-white !text-[#202124] !border !border-[#858585] dark:!bg-[#323232] dark:!text-white dark:border-none my-4 \" target=\"_blank\"><br \/>\n  <img decoding=\"async\" src=\"https:\/\/www.economx.hu\/neon\/static\/images\/favicons\/google_favicon.svg\" alt=\"Google\" class=\"shrink-0 w-7 h-7\"\/><br \/>\n  \u00c1ll\u00edtsd be, hogy az Economx az els\u0151k k\u00f6z\u00f6tt legyen a Google-tal\u00e1latokban!<\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Kisebb meglepet\u00e9sre az elemz\u0151i konszenzust\u00f3l elmarad\u00f3 negyed\u00e9ves ad\u00f3zott profitr\u00f3l jelentett szerd\u00e1n az OTP csoport. Az elt\u00e9r\u00e9s azonban nem&hellip;\n","protected":false},"author":2,"featured_media":196866,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[33],"tags":[38,35,37,44,42,40,43,41,21741,34,1571,36,6895,39],"class_list":["post-196865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hirek","tag-focimek","tag-headlines","tag-hirek","tag-hu","tag-hungarian","tag-hungary","tag-magyar","tag-magyarorszag","tag-negyedeves-jelentes","tag-news","tag-otp","tag-top-stories","tag-tozsde","tag-vezeto-hirek"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/196865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/comments?post=196865"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/196865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media\/196866"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media?parent=196865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/categories?post=196865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/tags?post=196865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}