In first quarter 2026, OTP Group Slovenia achieved a profit after tax of €40.9 million and ROE of 8.8%. Net profit for the first quarter was affected by non-recurring items, mainly in relation to provisions for legal claims.
Key performance highlights
- Profit after tax: €40.9 million (OTP banka: €38.8 million)
- Return on equity (ROE): 8.8% (OTP Group Slovenia), 8.4% (OTP banka)
- Core income: €151.7 million
- Total assets: €15.6 billion
- Customer loans growth: €7.9 billion (+3.9% vs December 2025)
- Customer deposits: €12.4 billion
- Capital ratio: 20.6%
- LCR: 308%
András Hámori, President of the Management Board:
“Our first-quarter performance demonstrates the strength of our diversified business model, where stable interest income and accelerating fee growth jointly support sustainable and resilient profitability.
Particularly encouraging is the strong growth in fee-based income. Fee insurance increased by 51% compared to the same period last year, reflecting strong insurance sales and a 15% increase in fees from funds. This demonstrates our ability to diversify revenue streams and deliver sustainable value beyond interest income. At the same time, we are further strengthening our role in the investment space - from expanding access to investment products to supporting landmark transactions such as retail government bond issuance.
While profitability was impacted by one-off items, our underlying business performance remains stable and provides a solid foundation for further execution of our strategic objectives.”
Solid core income despite market pressures
Strong results were primarily driven by core income of €151.7 million, despite declining market interest rates linked to ECB policy. OTP Group Slovenia maintained a net interest margin of 3.04%, confirming the stability of its core banking activities.
Growing role in investment and fee-based business
The OTP Group Slovenia recorded strong momentum in fee-generating activities, particularly in insurance products, supported by increased sales volumes and investment funds, reflecting higher customer demand for savings and investment solutions.
Further strengthening its investment offering, OTP banka introduced an individual trading account, enabling clients broader and more direct access to capital markets.
At the same time, OTP banka acted as both organiser and distributor in the retail government bond issuance, contributing to strong investor participation and supporting the further development of the Slovenian capital market.
Profitability supported by cost discipline
Profitability was further supported by effective cost management, although results were impacted by a one-off additional provision related to legal claims. Excluding this, the underlying business remained stable and profitable.
Continued growth in lending activity
As of the end of March 2026, total assets of OTP Group Slovenia reached €15.6 billion, while the net customer loan portfolio amounted to €7.9 billion - an increase of 3.9% compared to December 2025. Growth was recorded in both retail and corporate segments, including financial leasing.
Stable deposit base and balanced funding
Customer deposits remained the primary funding source at €12.4 billion, with a loan-to-deposit ratio of 64%, reflecting a prudent and balanced funding structure.
Strong capital and liquidity position
OTP Group Slovenia's strong equity base of €1.8 billion provides a solid foundation for its operations. The Group maintains its capital and liquidity ratios well above regulatory and internally set requirements, with a total capital ratio of 20.6% and a liquidity coverage ratio (LCR) of 308%. These indicators ensure stable operations and strong resilience in a volatile environment.
Outlook
The results achieved in Q1 2026 provide a solid foundation for continued execution of strategic priorities and sustainable growth. OTP Group Slovenia continues to strengthen its position in investment and asset management, including the announced acquisition of the asset management company Primorski skladi, which represents an important step in further developing the Slovenian capital market and expanding the Group’s capabilities in the area of savings and investment solutions.
Strong results also achieved by OTP Group
OTP Group Slovenia operates as part of the OTP Group, one of the leading banking groups in Central and Eastern Europe. The OTP Group also delivered strong results, once again demonstrating its financial strength, stability, and long-term strategic orientation.
OTP Group achieved €845 million profit after tax in 1Q 2026, up 9% y-o-y, with ROE reaching 23.5% with the prorated recognition of special items booked in a lump sum at the beginning of the year. The reported consolidated profit after tax amounted to €461 million, mainly reflecting the front-loaded impact of special taxes and supervisory fees. Profit before tax increased by 12% y-o-y, while operating profit rose by 7% in HUF terms and by 10% on an FX-adjusted basis. Total income grew by 9% y-o-y, driven by the increase in net interest income reflecting both the continued dynamic expansion of business volumes and the improvement in net interest margin.
