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OTP Group First half 8 results Conference call August 8 László Bencsik Chief Financial and Strategic Officer

The accounting profit grew by 6% y-o-y in H 8, while the adjusted profit increased by 7%. H profit contribution of foreign subsidiaries improved to 9% After tax profit development y-o-y (in HUF billion) (milliárd forintban) After tax profit development q-o-q (in HUF billion) Accounting profit after tax Adjusted profit after tax Adjusted profit after tax.6 +6% 5.6 5. +7% 7. 79. +5% 9.9 % 9% 6% % H 7 H 8 H 7 H 8 Q 8 Q 8 Adjustments (after tax) Banking tax Other H 7 H 8 -.9 -.9. -.7 Hungarian subsidiaries Foreign subsidiaries Total -.5-5.6 Of which: -HUF. billion: effect of acquisitions; +.5: goodwill impairment charges and tax effect related to the recognition and reversal of impairment charges booked in relation to investments in certain subsidiaries; +. dividends and net cash transfer.

In Q 8 mainly the acquisition-related integration costs pushed the balance of adjustment items into negative territory (in HUF billion) H 7 H 8 Y-o-Y Q 7 Q 8 Q 8 Q-o-Q Y-o-Y Consolidated after tax profit (accounting).6 5.6 6% 8.7 65. 89.5 8% % Adjustments (total) -.5-5.6 6%. -. -. -9% Dividends and net cash transfers (after tax).. -%... % -8% Goodwill/investment impairment charges (after tax) -..5 -.8..5 Special tax on financial institutions (after corporate income tax) -.9 -.9 % -. -.7 -. -99% % Impact of fines imposed by the Hungarian Competition Authority (after tax)..... Effect of acquisitions (after tax). -... -.8 Consolidated adjusted after tax profit 5. 7. 7% 78. 79. 9.9 5% 6% +HUF.5 billion (after tax): tax effect related to the recognition and reversal of impairment charges booked in relation to investments in certain subsidiaries; also, at OTP Real Estate Lease there was a goodwill write-off. -HUF.8 billion acquisition effect (after tax) was related mainly to integration costs at Splitska banka and Vojvodjanska banka.

H profit before tax (without one-offs) grew by 5% y-o-y (+% without acquisitions) supported by the 8% growth of total income (+% without acquisitions) and moderating risk costs (in HUF billion) 7 H 8 H Y/Y 8 H Y/Y 7 Q 8 Q 8 Q Q/Q Y/Y without M&A Consolidated adjusted after tax profit 5. 7. 7% 6.8 5% 78. 79. 9.9 5% 6% Corporate tax -.5 -. -% -9.7 -% -. -. -.9 % -% Profit before tax 66.5 9.5 5% 8.5 % 9. 89.7.8 % % Total one-off items.8. %. %.9 -.8 5. 8% Result of the Treasury share swap agreement.8. %. %.9 -.8 5. 8% Profit before tax (adjusted, without one-offs) 6.7 88. 5% 78. % 87. 9.5 96.5 5% % Operating profit without one-offs 86. 9. % 79. -% 97. 9.8 98.6 6% % Total income without one-offs 9. 6. 8% 9.7 %.5 6. 9.9 7% 8% Net interest income 69. 89.5 8% 67. % 6.9.6 5.9 % 7% Net fees and commissions 98. 6. 8% 98.8 % 5.8 9.6 56.7 % 6% Other net non interest income without oneoffs 5.9.5 8% 7.7 %.8. 7. % 5% Operating costs -7. -.9 % -. 6% -7. -.5 -. 7% % Total risk cost -. -. -85% -. -95% -9.8 -. -. 6% -79% The H 8 numbers and y-o-y changes without acquisitions do not include the contribution from the Croatian Splitska banka and the Serbian Vojvodjanska banka and their Leasing companies.

H after tax profit of OTP Core grew by 6% y-o-y. The consolidated growth of profitability was mainly supported by the improving performance of the Croatian, Ukrainian, Serbian and Montenegrin operations H 7 H 8 Y/Y Q 7 Q 8 Q 8 Q/Q Y/Y in HUF billion in HUF billion Consolidated adjusted 5. 7. 7% 78. 79. 9.9 5% 6% OTP Core 9. 95. 6% 9. 9. 56. % % (Bulgaria) 5.. -5%...9 % 7% OBRu (Russia). 5..8 % 5.9 7.5 7. 5.6 -% -5% Touch Bank (Russia) -.8 - -.6 - - OBH (Croatia, with Splitska banka) 5.. % 6.9 7.7.5 -% -5% OBU (Ukraine) 5.8. 9%.5 5.8 5. -7% 7% OBR (Romania).9. 59% -..5 -. OBSrb (Serbia, with Vojvodjanska banka) -.5.6 -.5.6. 7% OBS (Slovakia) -. -. -..8 -.9 CKB (Montenegro).. -..7.7 -% Leasing (HUN, RO, BG, CR)..8 %..5. -7% 7% OTP Fund Management..9-7%...8 -% -7% Corporate Centre and others..5 7%.8.. % 9% Starting from Q 8 the performance of Touch Bank is presented as part of OBRu (OTP Bank Russia). Until Q 7 Touch Bank was presented separately. 5

Miscellaneous Update on the M&A transactions On August 8 OTP Bank announced that Bank signed an acquisition agreement on purchasing 99.7% shareholding of Société Générale Expressbank (SGEB), the Bulgarian subsidiary of Société Générale Group, and other local subsidiaries held by SGEB. Furthermore, OTP Bank signed an acquisition agreement on purchasing 88.89% shareholding of Banka Société Générale Albania, the Albanian subsidiary of Société Générale Group. The financial closing of the transactions is expected in Q 8, subject to obtaining all the necessary regulatory approvals. Fine-tuning of the macroprudential toolset by the NBH National Bank of Hungary decided to amend the regulation on the payment-to-income (PTI) ratio, in order to further promote fixed rate mortgages. Effective from October 8, in the case of taking out a new HUF denominated mortgage loan the debtor s total monthly debt service cannot exceed certain % of their regular net monthly income. At the same time, the preferential weight of monthly instalments in the case of mortgages with at least 5Y repricing period will be repealed (currently only 85% of their monthly instalment must be included in the numerator in the PTI ratio). Pursuant to the release, the central bank doesn t expect a major negative volume effect due to the changes, as borrowers aren t stretched typically from the income side. From July 9 the decree will facilitate the higher PTI ratios for borrowers with more than HUF 5 thousand monthly net income, up from the current HUF thousand. PTI limits for HUF mortgages Under HUF th monthly net income Over HUF th monthly net income Period of mortgage repricing At least 5Y, but less than Y Less than 5Y At least Y 5% 5% 5% % % 6% Stage volumes on consolidated level At the end of Q 8 the correct consolidated Stage loan volume was HUF 9. billion, implying a Stage rate of.% (against HUF 9.9 billion and.6% reported in the Half-Year Financial Report). Tab No. 7 (Risk indicators) in the Analyst tables has been amended accordingly on OTP website. Standalone subsidiary banks data have been presented correctly, but a technical error occurred calculating the consolidated figure. No change in the Stage figures. 6

Strong capital and liquidity position coupled with robust internal capital generation make room for strong organic growth and further acquisitions Development of the fully loaded CET ratio of OTP Group 5.% 5.6% 6.%.% 5.%.6% Including unaudited interim profit less indicated dividend Reported Net liquidity reserves (in EUR billion equivalent) External debt (in EUR billion equivalent) 7.6 Q 7 Q 8 Q 8.9 Development of the CAR ratio of OTP Group Net liquidity buffer / total assets (%) 7.6% 7.5% 7.9% 7.5% 6.% 6.9% 6.5% Consolidated net loan to deposit ratio 7% Q 7 Q 8 Q 8 Senior bonds, mortgage bonds, bilateral loans 7

Bulgaria In Bulgaria Bank signed and agreement on purchasing the 7 th biggest bank, Societe Generale Expressbank (SGEB) Market Croatiashares in the Bulgarian banking sector (Q 8, million EUR) Market share by total assets before and after the acquisition * (pro forma, based on Q 8 data) Bank Total assets Market share +6.7%p 9.%. +SGEB * (pro forma) 9,69 9.%.7%. UniCredit Bulbank 9,59 9.%. Bank 6,.7%. United Bulgarian Bank 5,.8%. First Investment Bank,6 8.7% 5. Eurobank Bulgaria,8 7.7% 6. Raiffeisenbank,65 7.% 6 +5 + SGEB (pro forma) Number of branches before and after the acquisition (based on Q 7 data) 5 7. SG Expressbank,67 6.7% 8. Central Cooperative Bank,779 5.6% Source: Bulgarian National Bank + SGEB (pro forma) * Including other assets being part of the transaction 8

Bulgaria Societe Generale Expressbank (SGEB) has been running a steadily profitable operation for the last couple of years; in 7 its profit after tax reached HUF 7 billion, which translates into an ROE of close to 5% Main components of balance sheet Main components of P&L account and indicators 7 (in HUF billion) SGEB + SGEB (pro forma) 7 (in HUF billion) SGEB + SGEB (pro forma) Total assets,96,9,5 Total income 8 5 Net loans, 7,8 Operating cost -7-7 -6 Retail 79 7, Corporate 7 77 8 Customer deposits,76 88,55 Total risk cost -9-5 -5 Profit after tax 7 7 6 ROE.%.6% 8.% Retail,5 5,6 Corporate 85 5 9 ROA.5%.6%.% Including Leasing and Factoring stocks. 9

Albania In Albania OTP signed and agreement on purchasing the 5 th (SGAL); as a result the market share will reach 5.7% biggest bank, Societe Generale Albania Market Croatiashares in the Albanian banking sector (Q 8, million EUR) Profit after tax (7, in HUF billion) Net loan to deposit ratio (based on Q 7 data) Bank Total assets Market share 7.%. National Commercial Bank,9 8.%. Raiffeisen Bank Albania,87 6.6%. Credins Bank,87.6%. Intesa Sanpaolo Bank Albania,.% 5. Societe Generale Albania 6 5.7% 6. Alpha Bank Albania 58 5.% 7. Tirana Bank 58 5.% 8. Union Bank 6.%.9 SGAL Number of branches (based on Q 7 data) 8 SGAL Number of employees (based on Q 7 data) SGAL SGAL Source: Albanian Association of Banks

Total income grew by 8% y-o-y in H 8, driven mainly by the acquisitions, without those the yearly dynamics would have been %. The q-o-q increase was due to improving business activity and seasonality Effect of acquisitions TOTAL INCOME without one-off items OTP Group OTP CORE (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSrb (Serbia) H 8 (HUF billion) 6 87 5 6 8 Q 8 (HUF billion) 98 5 7 7 H 8 Y-o-Y (HUF billion, %) 9 - - % /8% % -% -%/9% % /58% %/% -% 7% /5% Q 8 Q-o-Q (HUF billion, %) 7% 8-9% -5% -%/% 9% 7%/7% % % At OTP Core the y-o-y growth was mainly driven by the stronger net interest income supported by dynamic organic loan growth and higher Other net non-interest income; the q-o-q increase was shaped by further improving NII and surging net fee income as a result of a base effect. As a result of ongoing asset repricing, margin erosion at had a negative impact on NII offsetting the positive effect of higher performing loan volumes; stronger net fee income only partly mitigated that effect. The Russian total revenues grew by 9% y-o-y in RUB terms, mainly due to stronger NII and net fees. Approx. % of that is related to the inclusion of Touch Bank. The same core revenue lines supported Q income growth. The reported % y-o-y and % q-o-q decrease was due the weaker RUB. OBS (Slovakia) CKB (Montenegro) Others 7 5 5-6 -6% % % % 8% 8% The y-o-y increase at OBH was entirely due to the Splitska acquisition. The q-o-q improvement in Q reflects positive calendar effect through higher NII and seasonally stronger net fee revenues. In Q the % weaker average HUF rate against HRK helped, too. Changes without acquisitions. Changes in local currency. Starting from Q 8 Touch Bank is presented as part of OTP Bank Russia. Until Q 7 Touch Bank was presented separately.

The net interest income grew moderately y-o-y even without acquisitions. On quarterly basis accelerating business activity and a positive calendar effect were the key drivers of growth Effect of acquisitions NET INTEREST INCOME OTP Group OTP CORE (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSr (Serbia) OBS (Slovakia) CKB (Montenegro) Merkantil Corporate Centre H 8 (HUF billion) 89 5 7 6 6 Q 8 (HUF billion) 6 6 6 5 8 5 5 - - - H 8 Y-o-Y (HUF billion, %) 9 7.% /8% % -6% -6%/6% % /5% 6%/9% -% 9% /5% -7% 8% % 8% Q 8 Q-o-Q % (HUF billion, %) % % - -8% -%/% % 9%/8% 6% 8% -% 6% % 5% At OTP Core the % y-o-y growth in H was due to expanding loans, but the placement of excess liquidity as a result of deposit inflow also generated additional interest revenues. The q-o-q increase was shaped mainly by further growth in loan volumes, especially in the cash loan and corporate segments. At ongoing margin contraction outweighed the positive effect of higher loan volumes. The q-o-q decline was due to an accounting correction made in Q, negatively affecting the q-o-q NII dynamics by HUF.8 billion. Without this the NII would have grown by % q-o-q. The Russian NII increased both q-o-q and y-o-y in RUB terms as a result of the favourable balance sheet changes. In Ukraine NII was supported by strong business activity and improving margins; higher interest rate environment was coupled with stronger interest revenues, whereas borrowing costs remained stable. Others 6 7% -% Changes without acquisitions. Changes in local currency. Starting from Q 8 Touch Bank is presented as part of OTP Bank Russia. Until Q 7 Touch Bank was presented separately.

On a quarterly basis the Group s performing loans expanded by 5%. Hungary and Bulgaria posted accelerating growth rates in retail; Hungarian mortgage growth reached % over the quarter, within that housing loans rose by % Q-o-Q performing (DPD-9) loan volume changes in Q 8, adjusted for FX-effect Cons. Core (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSr (Serbia) OBS (Slovakia) CKB (Montenegro) Total 5% 6% % % % % 5% % % % Consumer % 5% % % % 5% % 7% % % Mortgage % % % % -8% % % % % Housing loan Home equity % -% Corporate 9% % % -% 8% % % 8% % 7% Loans to MSE and MLE clients and local governments.

Consolidated performing loans increased by 7% y-o-y, within that the organic part was %. Hungarian consumer and corporate growth was around %, mortgages rose by %; in Bulgaria the mortgage growth stepped up to double-digit Y-o-Y performing (DPD-9) loan volume changes in Q 8, adjusted for FX-effect Cons. Core (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSr (Serbia) OBS (Slovakia) CKB (Montenegro) Total 7% % % % % % % % % % % % Consumer Mortgage 9% % 6% 5% 8% 6% 5% % 76% % 5% % % -% % % % -% % 7% % 7% % Housing loan Home equity 8% -8% Corporate % 8% 6% % 9% % 6% % % -% 97% 5% Loans to MSE and MLE clients and local governments. Without the effect of Vojvodjanska banka acquisition. The y-o-y changes are affected by the inclusion of Touch Bank into OTP Bank Russia from 8.

Household loan disbursements showed strong dynamics at OTP Core and almost all foreign subsidiaries Y-o-Y change of new disbursements (in local currency) H 8 Core (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSr (Serbia) OBS (Slovakia) CKB (Montenegro) Mortgage loan 5% 7% 7% % 78% -% % Housing loan Home equity 7% % Cash loan 6% 5% % 5% 7% 5% % % -9% Including POS loan disbursements in case of (Bulgaria), OBRu (Russia) and OBU (Ukraine) The change is affected by the inclusion of Touch Bank into OTP Bank Russia from 8. 5

The consolidated deposit base increased by % y-o-y, the % organic growth was driven by steady inflows in Hungary, and strong Russian, Ukrainian, Romanian and Serbian performances Q-o-Q deposit volume changes in Q 8, adjusted for FX-effect Total % % % 6% % -6% % 5% -% 5% Retail % % % % -% 7% % % -% % Corporate % -% 7% 5% 8% -% % % -% % Cons. Core (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSr (Serbia) OBS (Slovakia) CKB (Montenegro ) Y-o-Y deposit volume changes in Q 8, adjusted for FX-effect Total % 7% % 5% 9% 5% 6% % % -% 9% % 5% Retail % 5% % % % % % 7% % -% 5% 8% 8% Corporate % % 8% % % % 7% 9% 5% % 5% 7% % Including SME, LME and municipality deposits Without the effect of Vojvodjanska banka acquisition. The y-o-y changes are affected by the inclusion of Touch Bank into OTP Bank Russia from 8. 6

The consolidated net interest margin eroded by bps q-o-q in, as a result H NIM declined by 6 bps compared to Q 7 Net interest margin (%) OTP Group In Q 8 the net interest margin eroded by bps q-o-q. 5.7%.8%.56%.%.66%.%.8%.7%.5% 5 6 7 H 8 Q 7 Q 7 Q 7 Q 8 Q 8 Interest rate effect: - bps Composition effects: - bps FX rate changes: + bps Capturing asset and liability side interest rate changes as well as one-off items. Capturing the weight changes within the Group in LCY terms. The q/q appreciating average UAH rate against HUF increased the contribution of the high margin Ukrainian business o/w: OTP Core -5 bps towards the consolidated NIM. Bank -6 bps o/w: OTP Ukraine + bps OTP Russia OTP Ukraine - bps + bps At a one-off accounting correction booked in Q 8 related to IFRS 9 reduced the q-o-q NII dynamics by HUF.8 billion both on and consolidated level. Filtering this out, the consolidated NIM would have stood at.5% in Q and.8% in Q 8, therefore the quarterly decline would have been 7 bps. Adjusted NIMs for : Q.5%, Q.5%, -5 bps q-o-q. 7

At OTP Core the declining margin trend remained in place. The steep margin decline at was predominantly caused by a one-off accounting correction. The Russian margin dropped by bps due to increasing funding costs. The Ukrainian spreads benefitted from the higher rate environment and better corporate margins Net interest margin development of the largest Group members (%) OTP Core Hungary Bank Bulgaria OTP Bank Russia.8...7..6.6.97 6 7 H 8 Q 7 Q 7 Q 7 Q 8 Q 8 Adjusted:.5.5.6.85.8.9.86.7.69.7 6 7 H 8 Q 7 Q 7 Q 7 Q 8 Q 8 7.8 6 6.9 7 5.76 7.6 6. 5.65 5.9 5.6 H 8 Q 7 Q 7 Q 7 Q 8 Q 8 At OTP Core the q-o-q NIM erosion was driven by: The average volume of liquid assets with very low margin increased q-o-q due to liquidity management purposes and thus diluted the overall margin, despite newly purchased government bonds in Q carried higher average yield than the maturing ones. The average interest rate of the outstanding mortgage stock declined by bps q-o-q, for reasons: In Q the average interest rate of newly disbursed mortgage loans was lower than the average interest rate of the total portfolio. The repricing of the old subsidized mortgage book continued. In Q the average rate of M BUBOR increased marginally, by 7 bps q-o-q and the 6M BUBOR by 9 bps, respectively. The increase in the rate environment, however, did not generate higher interest revenues due to the time lag in repricing. OTP Bank Croatia OTP Bank Romania.5.7..67.6...5 6 7 H 8 Q 7 Q 7 Q 7 Q 8 Q 8..7.6.65.7..5.7 6 7 H 8 Q 7 Q 7 Q 7 Q 8 Q 8 At the steep NIM decline was related to an accounting correction booked in Q 8, affecting the q-o-q NII dynamics by -HUF.8 billion. Filtering this out, the Q 8 Bulgarian NIM would have been.5% and the Q NIM would have stood at.5%, thus the q-o-q margin erosion would have been only 5 bps. The Russian margin dropped to around the Q 7 level after the temporary boost from lower funding costs in Q 8. OTP Bank Ukraine 9. 6 7.6 8.5 6.7 7 H 8 Q 7 7.66 7.7 7.9 9.5 Q 7 Q 7 Q 8 Q 8 The Ukrainian NIM further improved q-o-q, supported by widening corporate margins and the contained funding costs amid declining deposit volumes and the increasing interest rate environment. Including Touch Bank from Q 8. 8

The net fee income grew by % y-o-y without the effect of acquisitions; the % q-o-q increase was due to numerous base effects, but stronger business activity also fuelled the growth Effect of acquisitions NET FEE INCOME OTP Group OTP CORE (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSrb (Serbia) H 8 (HUF billion) 6 5 8 5 Q 8 (HUF billion) 57 9 7 7 - H 8 Y-o-Y (HUF billion, %) 8 % /8% -% 7% 8%/% -% /7% %/% % 5% /9% Q 8 Q-o-Q % (HUF billion, %) 7 % 5 % 8% %/8% 7% %/% 7% % The y-o-y decline at Core is reasoned by lower distribution fees on certain household targeted government bonds, while the q-o-q surge is explained mainly by stronger business activity and a base effect and a technical item: - HUF.6 billion card-related FTT for the whole year booked in Q in a lump-sum; - the accounting of contributions payable into the Compensation Fund and also the related tax deductions induced altogether HUF. billion q-o-q net fee income improvement. Stronger business activity was the key driver behind y-o-y and q-o-q F&C growth at all major foreign subsidiaries. In Ukraine and Russia y-o-y weaker local currencies helped this line, too. In Russia cash loans sold with insurance policies, as well as card-related fee income propelled F&C in particular. OBS (Slovakia) CKB (Montenegro) Fund mgmt. -% % % 7% 8% -% The y-o-y increase at CKB is reasoned by the fact that deposit insurance fees booked earlier within net fees were shifted to the operating cost line. The q-o-q surge was fuelled by higher card, transaction and security related fee income. Changes without acquisitions. Changes in local currency. Starting from Q 8 Touch Bank is presented as part of OTP Bank Russia. Until Q 7 Touch Bank was presented separately. 9

The H other net non-interest income rose by % without acquisitions, partially due to a technical change and higher FX gains at OTP Core Effect of acquisitions OTHER INCOME without one-off items H 8 (HUF billion) Q 8 (HUF billion) H 8 Y-o-Y (HUF billion, %) Q 8 Q-o-Q (HUF billion, %) OTP Group OTP CORE (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSrb (Serbia) OBS (Slovakia) 5 7 8 5 % /8% 5% -6% -59% 5% /6% 6%/% -% % /6% -% - % 5% -6% 6% % -55% 6% 6% 7% At OTP Core the improvement was mainly attributable to better FX-result realized in Q 8, and a technical item drove other revenues higher, too. Certain revenue and expenditure items in relation to intragroup services were not eliminated on consolidation from Q 8, and the eliminations booked in Q 8 were reversed in Q 8. This affected the q-o-q development of other income, net fee income and operating expenses at OTP Core, explaining HUF.6 billion q-o-q improvement in the other income. On the other hand, operating costs went up by HUF.5 and fee expenditures by HUF. billion (ceteris paribus). The q-o-q improvement was partially related to asset sale at the Other Hungarian subsidiaries. CKB (Montenegro) 7% -58% Others 5 % 56% Changes without acquisitions. Changes in local currency. Starting from Q 8 Touch Bank is presented as part of OTP Bank Russia. Until Q 7 Touch Bank was presented separately.

Operating costs grew % y-o-y in H 8, whereas without acquisitions the increase was 7.5% on an FX-adjusted basis Effect of acquisitions Effect of Touch Bank inclusion in H 8 OPERATING COSTS H 8 (HUF billion) OTP Group OTP CORE (Bulgaria) OBRu (Russia) OBH (Croatia) OBU (Ukraine) OBR (Romania) OBSrb (Serbia) OBS (Slovakia) CKB (Montenegro) Merkantil 8 6 5 8 Y-o-Y (HUF bn) 6 8 8 8 Y-o-Y (%) 5.6% / % 6% 7% -% /% -% /58% % % % /6% % 6% 8% Y-o-Y (FX-adj., HUF bn) 5 6 7 8 8 Y-o-Y (FX-adj., %) 7.5% / 5% 6% 6% % /9% -% /55% % % 5% /7% % % 8% 5 6 OTP Core: higher personnel expenses (+7%) as higher average headcount (+%) and salary hikes (avg. wage inflation in financial sector in H: 8.6%) couldn t be offset by reduced social and health care contributions (-.5 pps from 8). Amortization went up by %. Other expense growth was also shaped by stronger business activity, and the accounting change of intragroup services from 8 resulted in a HUF.5 billion additional cost in H. Russia: % FX-adjusted growth w/o Touch Bank. Bulk of that was personnel expenses-driven: the average headcount w/o agents grew by % coupled with a.6% y-o-y nominal wage inflation in H. Stronger business activity resulted in higher variable costs: marketing expenses doubled and postal and telco costs grew materially. Ukraine: increasing personnel expenses amid 6% wage inflation in H y-o-y, and other cost growth induced by stronger business activity (real estaterelated costs +6%, marketing costs +%). Romania: employers wage costs went up by ~9% in the financial sector y-o-y, the avg. headcount at OBR went up by 6%, explained by soaring volumes. Marketing expenses were up by around 5%. 5 Slovakia: Higher personnel expenses (+5%, explained partly by higher bonuses; headcount +% on avg.), 5% higher marketing budget. 6 CKB: FX-adj. cost growth HUF.5 billion, o/w. billion was due to reclassification: deposit protection fees were shifted from net fees to operating costs. Without the OPEX of the newly consolidated entities due to the Splitska and Vojvodjanska transactions. Starting from Q 8 Touch Bank is presented as part of OTP Bank Russia. Until Q 7 Touch Bank was presented separately. Without the effect of inclusion of Touch Bank in H 8.

Credit quality indicators kept further improving. The risk cost rate was close to zero in the first half of 8 Change in DPD9+ loan volumes (consolidated, adjusted for FX and sales and write-offs, in HUF billion) Consolidated risk cost for possible loan losses (in HUF billion) 9 5 77 5 6 7 H 8 5 5-7 - - -6-6 5 6 7 - H 8 Ratio of consolidated DPD9+ loans to total loans Consolidated risk cost rate 9.8% 9.% 7.%.7%.5%.7%.% 9.% 8.% 5 6 7 H 8.%.%.% 5 6 7 H 8

In Q 8 the consolidated DPD9+ formation was subdued; trends remained favourable in all geographies FX-adjusted quarterly change in DPD9+ loan volumes (without the effect of sales / write-offs, in HUF billion) Consolidated OTP Core OBRu (Russia) OBU (Ukraine) (Bulgaria) OBR (Romania) 5 5 5 6 7 FX-adjusted sold or written-off loan volumes: 5 7 5 7 7 Q Q Q Q Q Q Q Q Q - 6 7 8 One-off effect of the DPD9+ volumes taken over as a result of acquisitions: in Q 6 the portfolio of AXA, in Q 7 that of Splitska banka and in Q 7 that of Vojvodjanska banka was consolidated. 7 8 5 - - - - - -7 - FX-adjusted sold or written-off loan volumes: 9 5 6 5 Q Q Q Q Q Q Q Q Q OBH (Croatia) - - - - 5-5 - FX-adjusted sold or written-off loan volumes: 6 Q Q Q Q Q Q Q Q Q 7 8 9 8 7 7 9 5 7 8 5 6 6 Q Q Q Q Q Q Q Q Q OBS (Slovakia) - 6 Q Q Q Q Q Q Q Q Q 8 - OBSr (Serbia) - - 9 7 7 Q Q Q Q Q Q Q Q Q 5 5 7 Q Q Q Q Q Q Q Q Q - - - CKB (Montenegro) - Q Q Q Q Q Q Q Q Q - 5 5 Q Q Q Q Q Q Q Q Q - 5 8 5 9 Q Q Q Q Q Q Q Q Q 6 7 8 6 7 8 6 7 8 6 7 8 6 7 8 Merkantil Bank+Car - Q Q Q Q Q Q Q Q Q 6 7 8 6 7 8 6 7 8 6 7 8 6 7 8 Including Touch Bank from Q 8.

OTP Core The H profit of OTP Core grew by 6% as declining operating result was offset by higher positive risk costs. In Q the % quarterly jump was owing to bouncing back net fees, better risk costs and higher one-off revenue items OTP CORE (in HUF billion) H 7 H 8 Y-o-Y Q 7 Q 8 Q 8 Q-o-Q Y-o-Y Profit after tax 9. 95. 6% 9. 9. 56. % % Corporate tax -.5-8. -9% -6. -.5 -.6 % -7% Before tax profit.7.5 % 55.7.6 6.9 % 9% Operating profit w/o one-off items 8. 79. -%. 8.. 8% -5% Total income w/o one-off items 8. 87. % 95. 89.5 97.6 9% % Net interest income 6. 9.5 % 58.7 59.5 6. % % Net fees and commissions 5. 5. -% 9.9.8 9. % -% Other net non interest income without one-offs.7.6 5% 6.6 6. 8. 5% 7% Operating costs -.7-8. 6% -5.8-5.6-56. 9% 9% Total risk costs 7.5.9 9% 9.5 6.5. % 5% Total one-off items.8. %.9 -.8 5. 8% On the total risk costs line a positive amount of HUF.9 billion was recognized in H 8, 9% more than a year ago. Q total risk costs represented a positive amount of HUF. billion. The Revaluation result of the treasury share swap agreement showed among the one-off items caused HUF 7. billion q-o-q improvement. On this line -HUF.8 billion negative revaluation result was recorded in Q 8. The reason for this was that according to the structure of the swap agreement, the extraordinary dividend announced by MOL Plc. reduced that net present value component of the swap deal which relates to the dividends. The realization of the extraordinary dividend in Q 8 neutralized the negative NPV-effect booked in Q. In Q 8 both the extraordinary dividend (HUF.7 billion) and the normal dividend (HUF. billion) paid by MOL Plc. was presented on this line in the total amount of HUF 5. bn.

OTP Core Mortgage loan disbursement momentum remained strong in Hungary. OTP enjoys a dominant and even improving market share in new mortgage and cash loan disbursements, as well as in retail savings Change of mortgage loan application and disbursement of OTP Bank (H 8, y-o-y changes) Performing cash loan volume growth (y-o-y, FX-adjusted) New applications Disbursements % 5% Growth of performing cash loan volumes % OTP s market share in mortgage loan contractual amounts Market share in newly disbursed cash loans 5.6% 6.% 8.6% 6.7% 6.9% 9.% 7.7% 9.% 5.% 6.% 7.9% 8.% 5 6 7 H 8 The cumulative amount of non-refundable CSOK subsidies contracted at OTP Bank since the launch of the programme (HUF billion) 9 8 7 8 6 57 67 77 85 98 5 6 7 H 8 OTP Bank s market share in household savings 9.8%.7%.% 8.7% 7.% 7.% 7.9%.6% Q 5 Q 5 Q 6 Q 6 Q 6 Q 6 Q 7 Q 7 Q 7 Q 7 Q 8 Q 8 5 6 7 H 8 5

OTP Core Corporate business had a successful 6M period, too: volumes grew further and corporate lending market share improved by.8 pp ytd; the bank was also active in commercial factoring and disbursement of EU funds Performing medium and large corporate loan volume change (FX-adjusted) 9% YTD % % -7% -% 5 6 7 H 8 OTP Group s market share in loans to Hungarian companies +96% 7.5% 8.% 8.8% 9.%.7%.8%.%.%.9%.7%.6% 8 9 5 6 7 H 8 Performing loan volume change at micro and small companies (FX-adjusted) 7% % % YTD % % OTP Group s market share in commercial factoring turnover 5% +9%p 6% MFB Points - the amount of credit accepted through the OTP network (in HUF billion) 7 +8% 5 6 7 H 8 H 7 H 8 7 H 8 Aggregated market share of OTP Bank, OTP Mortgage Bank, OTP Building Society and Merkantil, based on central bank data (Supervisory Balance Sheet data provision until 6 and Monetary Statistics from 7. Source: Hungarian Factoring Association 6

Forward looking statements This presentation contains certain forward-looking statements with respect to the financial condition, results of operations, and businesses of OTP Bank. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a guaranteed profit forecast. Investor Relations & Debt Capital Markets Tel: + 6 7 56; + 6 7 557 Fax: + 6 7 595 E-mail: investor.relations@otpbank.hu www.otpbank.hu 7