Mbh Bank Plc. Class A · BET:MKBBANK
Mbh Bank Plc. Class A — Q1 2025 Earnings Presentation
38 slides from Mbh Bank Plc. Class A's earnings presentation, May 21, 2025
Slide 1: MBH Group 1Q 2025 results Investor Presentation
MBH Group 1Q 2025 results Investor Presentation 21st May 2025
Slide 2: Agenda
Executive summary 3 We kindly draw your attention to that in this presentation MBH Bank’s underlying financial performance presented – if not stated otherwise – using adjusted financial figures (alternative performance measurement indicators Business environment 5 – APM). For definition and calculat
Slide 3: Executive summary
Executive summary M3H BANK
Slide 4: Key highlights of 1Q 2025
Key highlights of 1Q 2025 Market shares ROE Loans 20.5%* +8.6% Corporate Lending 20.0%, Deposit 19.3% Continued high profitability Close to 9% y/y increase in the with adj. ROE exceeding 20% customer loan book Retail Lending 21.2%, Deposit 18.5% Leasing Portfolio 27.4% LCR NPL 145.2% 2.6% Agri and f
Slide 5: Macro environment
Macro environment M3H BANK
Slide 6: Macroeconomic growth indicators
Macroeconomic growth indicators Real GDP 2021-2024 (%) Employment rate (15-64 years), 2021-2024 (%) 75.1% 72.5% 71.9% 70.5% 63.8% 2.9% 2.8% 0.8% 0.9% 0.5% Hungary Poland Romania Euro USA Hungary Poland Romania Euro USA area area Household volumes (HUF bn) Corporate volumes (HUF bn) 13,366 17,053 16,
Slide 7: Macroeconomic stability indicators
Macroeconomic stability indicators Public debt (GDP%) Current account balance (GDP%) Unemployment rates (percent) 99.6 87.4 2.7 2.2 6.4 73.5 0.2 5.4 54.8 55.3 4.5 4.0 2.9 -3.9 -8.3 Hungary Romania Poland Euro USA Hungary Romania Poland Euro USA Hungary Romania Poland Euro USA area area area Net exte
Slide 8: Interest rate environment
Interest rate environment Short-term rates Long-term rates 3M rates (percent) 5Y bond yields (percent) 7.43 6.36 6.50 5.90 4.62 5.41 4.27 3.57 3.73 3.64 2.16 1.98 Hungary Czechia Romania Poland US Euro Hungary Czechia Romania Poland US Germany area 3M govt bills (percent) 10Y bond yields (percent) 7
Slide 9: Financial performance
Financial performance M3H BANK
Slide 10: Close to HUF 58 bn adjusted profit in 1Q 2025
Close to HUF 58 bn adjusted profit in 1Q 2025 Adjusted PAT (HUF bn), Adjusted ROE1 (%), Accounting ROE2 (%) 18.8% 22.0% 17.4% 16.2% 6.5% 30.4% 22.0% 17.4% 16.1% 20.5% ▪ Profitability remained strong in 1Q 79.3 2025, with adjusted return on equity 59.7 reaching 20.5% for the period 30.2 50.0 57.6 (ac
Slide 11: Accounting profits at HUF 18.2 bn; extra profit tax and banking tax adjustments
Accounting profits at HUF 18.2 bn; extra profit tax and banking tax are the adjustments on PAT in 1Q 2025 Accounting profit after tax (HUF bn), ROE1 (%) 1Q 2025 adjusted profit after tax breakdown q/q and y/y changes (HUF bn) 18.8% 18.2 18.7 19.6 56.4 1Q 6.5% 59.6 19.6 57.6 49.1 50.0 47.1 19.8 18.2
Slide 12: MBH Group's gross income reached HUF 141.3 bn in 1Q
MBH Group’s gross income reached HUF 141.3 bn in 1Q Gross Operating Income (GOI, HUF bn)1, TRM % Net interest income (HUF bn), NIM % 5.8% 5.8% 4.9% 5.4% 4.4% 4.7% 4.5% 4.0% 3.9% 3.9% 165.5 179.7 156.9 142.1 141.3 -14.6% 138.3 129.0 120.0 120.9 121.2 -12.4% 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q
Slide 13: 8.6% y/y increase in the loan book
8.6% y/y increase in the loan book, quarterly growth driven by the increase in retail loans Customer gross loan portfolio (HUF bn) Corporate1 +0.1% -1.1% 19.1% 19.4% 19.8% 19.8% 20.0% 5,800.7 5,942.7 6,120.8 6,126.3 5,643.1 +8.6% +9.3% 2,755.8 2,890.7 2,952.5 3,044.7 3,010.8 3 1Q 2024 2Q 2024 3Q 202
Slide 14: Significant growth in new lending volumes and market shares of personal loans
Significant growth in new lending volumes and market shares of personal loans in 1Q 2025 Retail housing loans – Retail housing loans – Gross volume (HUF bn) and market share (%) New loan contracts (HUF bn) and market share (%) Retail housing loans: 24.2% 23.9% 24.0% 24.3% 24.4% ▪ Retail housing loan
Slide 15: 5.7% y/y increase in the deposit book
5.7% y/y increase in the deposit book with a slightly decrease q/q -1.2% Customer deposit portfolio (HUF bn) -0.4% Corporate1 19.8% 20.0% 19.5% 19.7% 19.3% 7,588.5 7,610.5 7,590.3 8,052.5 8,018.8 +5.7% +13.6% 4,036.1 4,332.0 4,247.8 4,640.5 4,586.9 3 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2024 2
Slide 16: Decrease in costs q/q, C/I ratio at 53.9%
Decrease in costs q/q, C/I ratio at 53.9% for 1Q 2025 Operating expenses (HUF bn) Personnel expenses (HUF bn) -26.4% -22.8% 103.5 47.4 78.9 82.9 76.2 64.3 36.3 36.6 36.5 +18.4% 30.6 +19.6% +9.5%2 +11.5%2 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 ▪ Operating expe
Slide 17: Portfolio quality continuously improving, NPL rate below 3%
Portfolio quality continuously improving, NPL rate below 3% Total risk cost (HUF bn) Coverage (%) 1.4% 0.6% 0.4% 0.1% -0.2% 164.6% 168.0% 167.9% 182.5% 189.6% 1.0% 20.6 8.3 8.1 21.3 2.9 0.5 5.1% 5.0% 4.8% 5.1% 5.0% 8.5 5.3 -0.2 -0.3 0.8 -0.8 -3.0 0.3 -2.7 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2
Slide 18: Stable capital position – 18.5% CET1 in 1Q 2025
Stable capital position – 18.5% CET1 in 1Q 2025 Shareholders’ Equity (HUF bn) Capital Adequacy (%) 21.7% +3.8 20.7% 20.4% 20.5% 19.6% 19.9% 20.0% 19.3% 19.6% 1,139.5 1,143.2 18.9% 15.9 205.9 19.2% 18.5% 17.8% 18.2% 11.6 17.3% 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 790.8 Tier 2 CET 1 CAR (accounting
Slide 19: MREL requirements and adequacy
MREL requirements and adequacy Regulatory MREL requirements and compliance: TREA (%) and TEM (%), YE 2024 – Jan 2026 MREL new issuances (HUF bn) 25.5% 385 22.6% 81 19.0% 18.0% ~240 15.5% 11.1% 304 9.6% 5.9% 5.9% 5.9% YTD 2025* 2025 - 2027 Expected YE 2024 1Q 2025 Jan - 26 Senior pref. MREL Tier2 MRE
Slide 20: Stable liquidity position
Stable liquidity position Customer deposits (HUF bn) LTD1 (%) 78.3% 76.2% 76.0% 76.4% 8,052.5 8,018.8 74.4% 7,588.5 7,610.5 7,590.3 3,982.3 3,984.4 3,989.5 4,243.7 4,304.0 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 3,606.2 3,626.1 3,600.8 3,808.8 3,714.8 LCR (%) 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025
Slide 21: Additional information
Additional information
Slide 22: Successful international T2 bond issuance
Successful international T2 bond issuance EUR 200mn 10.5NC5.5 Tier 2 Notes KEY TERMS ALLOCATION BY GEOGRAPHY Issuer MBH Bank Nyrt. Issue rating B1 (Moody’s) 12% ▪ The deal attracted strong investor UK & Ireland interest, led by UK and US offshore Format Subordinated Tier 2 3% 3% DACH funds, which dr
Slide 23: Investment grade issuer rating
Investment grade issuer rating In 2024, Moody's affirmed MBH Bank's investment- grade CRR rating of Baa2 with a stable outlook. Rating category Rating achieved Long- and short-term deposit ratings Baa3/P-3 Long- and short-term Counterparty Risk Ratings (CRRs) Baa2/P-2 Adjusted / Baseline Credit Asse
Slide 24: MBH Bank wins third place in Companies for the Future Award
MBH Bank wins third place in the Joint Venture Association's “Companies for the Future Award” Best ESG Program category / MBH Forest ▪ The award-winning „Bank of the Sustainable Future” program aims to develop a complex, measurable response to sustainability challenges while contributing to the comp
Slide 25: Awards and Recognitions (1)
Awards and Recognitions (1) Top Employers Institute Digital Forum 2025 – Sports Marketing Diamond Award Best of BSE (Budapest Stock Exchange)2024 - 2025 Trends Report - The Sports Marketing Diamond Award recognizes the - MBH Fund Management Ltd. received recognition in the - MBH Bank Active+ Program
Slide 26: Awards and Recognitions (2)
Awards and Recognitions (2) 13th Excellent Customer Service Conference and Awards Euromoney Awards 2025 Ceremony - Euromoney Private Banking Awards 2025 - Certified Customer Service Certificate – in the telephone - Two awards: “Best Private Bank in Hungary for Succession customer service category. P
Slide 27: Annexes
Annexes M3H BANK
Slide 28: Key ratios overview (adjusted)
Key ratios overview (adjusted) ROE1 % TRM % LCR % 30.4% 5.8% 5.8% 154.8% 144.2% 145.2% 5.4% 4.7% 4.5% 22.0% 20.5% 17.4% 16.1% 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 1Q 2024 4Q 2024 1Q 2025 C/I % NPL % ▪ Distinguished ROE reaching 20.5% in 1Q 2025, driven by h
Slide 29: Adjusted P&L
Adjusted P&L ADJUSTED P&L 2023 2024 2025 Y/Y Q/Q (HUF bn) FY 1Q 2Q 3Q 4Q FY 1Q Net operating income 370.2 101.1 77.9 59.3 76.2 314.5 65.2 -35.6% -14.4% Gross operating income 664.1 165.5 156.9 142.1 179.7 644.1 141.3 -14.6% -21.3% Net interest income 565.6 138.3 129.0 120.0 120.9 508.2 121.2 -12.4%
Slide 30: Balance sheet
Balance sheet STATEMENT OF BALANCE SHEET 2023 2024 2025 1 Y/Y Q/Q (HUF bn) 4Q 1Q 2Q 3Q 4Q 1Q Financial assets 1,516.9 1,612.0 1,372.5 1,173.3 1,249.7 1,213.5 -24.7% -2.9% Trading portfolio 274.6 272.1 237.0 222.2 259.1 280.1 3.0% 8.1% Securities 3,907.2 3,955.9 4,051.6 4,625.6 4,611.7 4,902.9 23.9%
Slide 31: Adjusted KPIs
Adjusted KPIs KPIs based on adjusted PAT and Balance Sheet 2023 2024 2025 ∆%-p ∆%-p (HUF bn) FY 1Q 2Q 3Q 4Q FY 1Q Y-Y Q-Q Profitability TRM - Total Revenue Margin 6.25% 5.81% 5.37% 4.72% 5.78% 5.42% 4.53% -1.29% -1.25% NIM - Net Interest Margin 5.32% 4.86% 4.42% 3.99% 3.89% 4.28% 3.88% -0.98% -0.01%
Slide 32: Unadjusted KPIs
Unadjusted KPIs KPIs based on unadjusted PAT 2023 2024 2025 ∆%-p ∆%-p (HUF bn) FY 1Q 2Q 3Q 4Q FY 1Q Y-Y Q-Q Profitability TRM - Total Revenue Margin 6.74% 6.22% 5.88% 5.37% 6.62% 6.03% 5.27% -0.96% -1.35% NIM - Net Interest Margin 5.32% 4.86% 4.42% 3.99% 3.89% 4.28% 3.88% -0.98% -0.01% NFM - Net Fee
Slide 33: Unadjusted and adjusted P&L
Unadjusted and adjusted P&L 33 Note: Data are presented retrospectively from 1Q 2025 according to a new methodology
Slide 34: Changes in the regulatory environment and post-closing events
Changes in the regulatory environment and post-closing events # Changes in Q1 MBH Bank Plc. issued Senior Preferred Notes with an aggregate nominal value of EUR 750 million (ISIN: XS2978001324) for a 5-year maturity non-callable for the first 4 years, unsecured 1 claims (hereinafter: “Notes”) with t
Slide 35: Definitions of KPIs
Definitions of KPIs KPI Short description Formulation KPI Short description Formulation Annualised adjusted PAT (HUF bn) Provision/ Provision for customer loans (HUF bn) ROAE Adjusted rate on average equities Provision to Total Assets Average equities (HUF bn) Total Assets Total Assets (HUF bn) Annu
Slide 36: Abbreviations
Abbreviations Secured loans Home Loans + Free-to-Use M ortgages Unsecured loans Personnel loans + Baby loans + Other consumer loans FVTOCI Fair value through OCI FVTPL Fair value through P&L FTE Full time equivalent NPL Non performing loans DPD90+ Days past due over 90 days ROE, ROAE Return on (aver
Slide 37: Disclaimer
Disclaimer BANK Me
Slide 38: Disclaimer
DISCLAIMER This presentation contains or may contain statements that are or may be deemed to be, “forward-looking statements” which are Investor relations prospective in nature. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. F