OTP Bank Nyrt Financial Update

OTP Bank Nyrt, a leading commercial bank in the financial sector, has been active in the Budapest Stock Exchange, where it is publicly traded. The bank operates across several countries, including Hungary, Bulgaria, Russia, Ukraine, Croatia, Romania, Slovakia, Serbia, and Montenegro. As of July 24, 2025, OTP Bank’s close price was 28,460 HUF, with a 52-week high of 28,740 HUF on May 15, 2025, and a low of 16,850 HUF on August 4, 2024. The bank’s market capitalization stands at 8,024,800,000,000 HUF, with a price-to-earnings ratio of 7.54.

Recent Transactions with Treasury Shares

On July 30, 2025, OTP Bank Plc. announced transactions involving treasury shares, as reported by bse.hu. This activity is part of the bank’s ongoing financial management strategies. A similar announcement was made on July 28, 2025, indicating a continued focus on treasury share transactions.

Economic Challenges in Hungary

In a significant development, Hungary has sharply cut its growth forecast due to mounting economic challenges, as reported by Bloomberg on July 29, 2025. The government, led by Prime Minister Viktor Orban, revised its GDP growth estimate for the year to 1%, down from a revised 2.5% and an initial 3.4%. The forecast for next year has also been adjusted to 3.1% from 4.1%. These revisions come as the economy faces potential recession, with GDP contraction observed in the first quarter and stagnation in the second quarter.

The forint experienced a 0.4% depreciation against the euro following the announcement, marking the worst performance among 23 emerging-market currencies tracked. The downturn in industrial output, particularly in battery plants, has been a significant factor, alongside weakening retail sales. OTP Bank’s CEO has emphasized the need for Hungary to adopt the euro and ensure economic predictability to address these challenges.

The statistics office is set to release second-quarter GDP data on Wednesday, which will provide further insights into the economic situation.